Red Rock rises on big profits

Shares in miner Red Rock Resources were up almost a third at one point yesterday after it announced full year profits had almost tripled. The company said pre-tax profits for the year ended 30 June were just under £14m, up from £4.75m the previous year. Earnings per share rose from 0.65p per share to 1.78p. Shares in the firm closed up 26.4 per cent at 4.17p.