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HYDRODEC: STEADY PROGRESS

CHEMICALS group Hydrodec, led by chief executive Mark McNamara, saw its shares rise around 28 per cent to 8.25p on news that trading conditions and cash generation were improving. The group – which recycles used transformer oil – saw annual sales rise by 49 per cent to $10.4m (£6.8m) while pre-tax losses narrowed to $13.6m from $15.5m.