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Investment company Tanfield reported a first-half loss, owing to legal fees associated with its holding in Snorkel International.
Pre-tax losses for the six months through June amounted to £369k, compared to losses of £127k on-year.
Tanfield said its 49% holding in Snorkel was valued at £19.1m, though the outcome of US and UK legal proceedings could impact that valuation.
At 9:40am: (LON:TAN) Tanfield Group PLC share price was -0.51p at 2.99p