IN BRIEF: London Finance & Investment sees net assets fall in year

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

London Finance & Investment Group PLC - London-based investment finance and management company - At June 30, net assets fall to 54.8 pence per share from 60.5p at the same time a year prior. Says the sale of 4.2 million shares in Finsbury Food Group PLC for £3.4 million led to a decrease in the value of its strategic investments to £4 million from £8.2 million over the year ended June 30. The value of its general portfolio, however, increases 16% over the year to £14.0 million from £12.1 million. Total payout for the year is 1.15p, unchanged from a year prior.

Current stock price: 33.25 pence

12-month change: down 19%

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