- Investment company Thalassa Holdings swung to a first-half loss after the value of its holdings fell.

Net losses for the six months through June amounted to $2.3m, compared to losses of $4.4m on-year.

'Based on our relatively negative view on the outlook for global economic growth and the impact it could well have on inflated asset valuations, your board has taken a very cautious approach to reinvesting the company's cash,' chairman Duncan Soukup said.

At 9:37am: [LON:THAL] Thalassa Holdings Ltd share price was -0.5p at 70.5p

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