- Minoan Group posted a deeper annual loss as it wrote down the value of its sold travel and leisure division.

Pre-tax losses for the year through October amounted to £3.0m, compared to losses of £2.5m on-year.

'From the company's perspective, 2018 was notable for the sale of Stewart Travel and a marked reduction in group indebtedness, chairman Christopher Egleton said.

'There is now clear evidence of price increases in the Greek property market and increased activity and confidence.'

'We are hopeful that 2019 will finally witness the commencement of the realisation of the value of our Crete project.'

At 9:22am: [LON:MIN] Minoan Group PLC share price was 0p at 1.9p

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