Anglo Pacific falls to a loss

Natural resources royalties company Anglo Pacific yesterday revealed its operating profits had fallen from £5.1m to £4.8m in the first six months of the year. The firm wrote off £34.3m of equity investments, sending it to a £30m loss for the period. APG acting chairman Brian Wides said: “The last six months have been a difficult period for world mining markets and coking coal prices.” Shares in the firm closed down 4.6 per cent at 196.75p.