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Tungsten cashed up on drive to profit
Tungsten (TUNG:AIM) has secured the sale of its banking unit in a move that should help it avoid a capital raise. Tungsten’s invoicing product secured average price increases of 40% for the year ahead as it seeks a move into monthly profitability during 2017 while its lending unit financed £60.1m of invoices in the six months to 30 October 2016. (WC)