Breaking: ATH in takeover talks

ATH Resources has confirmed it is in discussions which could lead to a takeover bid for the company.

The announcement to the stockmarket followed a sharp rise in the company’s share price.

ATH shares were trading at around 56p this morning, up from last nights close of 49.5p.

The Doncaster-based company announced pre-tax losses of £3.62m for the first half of the year but a rise in operating profits of £2m.

Its performance has been hampered by a series of old fixed-price contracts which have prevented it exploiting rising commodity prices.