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(The Guardian) - Shares in Renewable Power and Light, a UK-listed company that aims to generate electricity from palm oil, crashed today after the company warned it expected to make a loss for the full year. Shares in company were suspended on Aim, the junior market, last week after it said its main supplier had warned it would not be able to deliver palm oil at the agreed price. When trading resumed today the shares slumped 66% or 77.75p to 38.75p, cutting the company's market capitalisation to £37m. Link |
