Libetas Capital warns of H1 loss and axes jobs; raises 3.3 mln pounds.

(From AFX UK (Focus))

LONDON (Thomson Financial) - Libertas Capital Group PLC., the international financial services firm, warned today that difficult trading conditions mean it will now incur a loss for the first half of the year on revenues which are unlikely to go above 4 million pounds.

In reaction to market conditions the group is implementing a rationalisation programme which it said will involve cutting some 20 percent of its employees.

Libertas is also launching a fundraising for up to 3.316 million pounds through …