Covert intelligence company Datong broke cover on Wednesday to announce that a patent infringement claim brought against it had been thrown out by the Court of Appeal.
MMI Research had maintained that a third party product sold by Datong infringed the UK element of a patent jointly owned by MMI. Datong had made a provision of £0.3m to cover costs of litigation, including any potential compensation it might be required to pay, but now expects the costs associated with the court case will be substantially lower than £0.3m.
The cruise industry has had a tough time of it of late, but All Leisure Group brought a bit of cheer to the sector with its full year results, which showed the company moving firmly into the black. Profit before tax of £5.7m for the year ended October 31st was a substantial improvement on the loss of £2.1m recorded the year before. The full-year dividend has been maintained at 1.31p.
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CSS Stellar, the investment company that recently decided that it wanted to get into the natural resources sector, said that Gold Mines of Wales (GMOW), in which it has a 49% stake, has had its licence to search for gold in the county of Gwynedd in Wales renewed for a year, commencing February 10th, 2012. CSS Stellar plans to work with GMOW and the local authorities to assess the economic viability of re-opening meaningful gold mining operations.
King Charles banknotes to enter circulation in June
New banknotes featuring the King will enter circulation on 5 June – here’s what they will look like and what you need to know about your old notes.
By Katie Williams Published
Metro Bank to slash 5.22% savings rate for current customers- what’s the next best alternative?
Metro Bank is set to cut the rate on its best buy instant access saver for existing customers. Is there an alternative on the market and should you switch now?
By Vaishali Varu Published