Highway Capital interim loss widens

Investment company Highway Capital posted a wider loss for the first half as administrative expenses grew.

For the six months to the end of August, the pre-tax loss came in at £65,000 compared with £53,000 in the same period a year earlier, in line with the rise in administrative expenses.

The company said it secured a £120,000 loan in the period from director and shareholder Maciej Szytko.

No interim dividend was declared.

At 1028 GMT, shares were up 17% at 20.50p.