Shares sink in Leni Gas and Oil

■ Shares in Leni fell 14.96 per cent yesterday, as the exploration company reported a rise in pre-tax losses to £971,000 from £808,000 over the six months to 30 June, largely down to administration expenses. Revenue increased to £1.75m, from £1.5m. Leni, currently involved in a legal dispute with Mediterranean Oil and Gas over assets in Malta, added that it wants to resolve this spat before the end of the year.