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Bluebird Merchant outlines Kochang drill plans, Jubilee Metals makes excellent start to 2019

Top stories from the Proactive Investors newsroom this morning:

Korean gold explorer Bluebird Merchant Ventures Ltd (LON:BMV)  is to start drilling at its Kochang mine in July after receiving confirmation of a grant from local mining group KORES.  The initial subsidy will help fund three underground holes for a total of 280 metres.

Jubilee Metals Group PLC (LON:JLP) saw quarterly underlying earnings surge 57% to £3.2mln as it delivered its first chrome concentrate from the DCM project. Production is expected to ramp up to full design capacity of 25 000 tonnes per month in this quarter.

Eden Research (LON:EDEN) has made its first sales of its nematode worm pesticide Cedroz in Italy following the recent receipt of "emergency" authorisation in the country. Cedroz was approved in Italy due to the absence of suitable commercially-available alternatives.

Telecoms giant BT held its final dividend in spite of rumours of a boardroom divide over whether the payment should be cut. Annual revenues fell and profits only crawled ahead 2%. Cash flow was also sharply down.

Morrisons posted a 2.3% rise in like-for-like sales in the three months in its latest quarter, though all the growth was in its wholesale arm. Easter trading was strong, with LFL up 1.7% on last year and 3.4% on a two-year basis said the supermarket group.

National Express saw growth in every division as revenue jumped by 11% in its latest quarter. Spanish arm ALSA had a very strong start to the year said the bus and train group.

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