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Quantum Blockchain Shares Slip After 1H Report, No News on Court Actions

By Michael Susin

Quantum Blockchain Technologies shares fell on Tuesday after the group reported its interim results, with a narrowed pretax loss for the first half, and said there are no updates on the legal actions taken in Italian courts.

Shares at 0816 GMT were down 0.13 pence, or 12%, at 0.9 pence.

The company said it continues to seek to recover damages and legal expenses in pending court actions in Italy, which relate to its subsidiary Clear Leisure.

The company also reported a pretax loss for the first half of the year of 1.5 million pounds ($1.8 million) compared with a loss of GBP2.9 million. The narrowed loss was driven by lower expenses.

Write to Michael Susin at michael.susin@wsj.com

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