- Private equity investment company LMS Capital stayed in the red in the first half, owing to portfolio and foreign exchange losses.

Pre-tax losses for the six months through June amounted to £1.1m, compared to losses of £0.7m on-year.

The company's net asset value per share at 30 June was 73.3p, down from 74.7p at the end of December.

Chairman Martin Knight confirmed that the company was reviewing its investment management arrangements with Gresham House Asset Management.

At 1:13pm: [LON:LMS] LMS Capital PLC share price was 0p at 50.25p

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