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Sportingbet loses pounds 2m.

Online sports betting company Sportingbet says profits have been dealt a blow by a series of adverse football results.

The London-based company, which makes its cash from sporting upsets across the major European football leagues and the NFL in America, has lost about pounds 2m in two weeks because the favoured teams keep winning.

A spokesman said: "It's been an absolute disaster for bookies."

Building boss quits to prepare takeover

CONSTRUCTION company Montpellier says one of its directors is quitting the board to pursue the acquisition of four of its smaller building businesses.

He is Roger Feast, chief executive of Montpellier's construction operations. Montpellier, listed on the Alternative Investment Market, focuses on construction and property after scaling back its operations.

Signs of progress

ENGINEERING group AEA Technology forecast half-year results in line with expectations yesterday, as it offered signs of progress at its Accentus arm.

The Oxfordshire-based company said Accentus, which develops and licenses technologies for the automotive, chemical, electronics, oil and gas and medical markets, was trading close to break even. Last year AEA cut its UK workforce from 128 to 42 after closing a number of businesses.
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Title Annotation:Features
Publication:The Journal (Newcastle, England)
Date:Oct 4, 2003
Words:189
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