Latest Economic and Market News

  • 15:00
    Wall Street starts the week higher

    US markets started the week on the front foot, tracking Europe higher, after Republicans reached agreement over proposed tax reform plans. The Dow was recently up 0.79% at 24,845.43, the S&P...

  • 09:59
    Active Energy CEO exercises 51.7m options and warrants

    Active Energy has issued 51,733,333 ordinary shares to chief executive Richard Spinks following the exercise of 40 million options and 1,733,333 warrants at 1.25p apiece. Spinks now holds...

  • 09:53
    Vast Resources CEO resigns

    Vast Resources said chief executive Roy Pitchford had resigned, effective December 31, as the company's focus had shifted to Romania from Zimbabwe. He would be replaced by Andrew Prelea, currently...

  • 09:39
    Gunsynd investment in Human Brands

    Gunsynd has invested £130,000 in Human Brands, a US-based premium spirits company, through a convertible loan note which will accrue interest at 9% per annum. The repayment of the loan note is...

  • 09:27
    Papua Mining applies for Australia exploration licence

    Papua Mining said it had applied for a new exploration licence near its Lighthouse gold project in Queensland, Australia. The award of the licence was subject to formal grant by the Queensland...

  • 09:21
    Magnit rating downgraded by S&P

    Russian retailer Magnit had its credit rating downgraded by Standard & Poor's to BB from BB+, based on weaker profits. The outlook on the rating was given as stable, reflecting expectations...

  • 09:15
    NB Private Equity November NAV up 0.1%

    NB Private Equity Partners said its net asset value per share rose by 0.1% in the month of November compared to October. The small rise brought the total year-to-date gain to 9.4%. At 9:15am:...

  • 09:11
    Proxama meets performance targets

    Proxama said it had established four revenue-generating location intelligence products, meeting a performance hurdle it set out in June. The company said it had also gathered location data from...

  • 09:11
    Herencia issues shares under Pastizal deal

    Herencia has issued 580,000,000 ordinary shares to Consultoria y Services Mineros SA under the agreement for the exploration of Pastizal, announced on 24 Oct. It said that as part of the terms of...

  • 09:04
    WPP buys stake in Hong Kong consultancy

    WPP said its marketing communications network Ogilvy & Mather has acquired a majority stake in Hong Kong-based digital consultancy ARBA for an undisclosed sum. ARBA's revenues were around HKD...

  • 08:44
    Man Group buys back shares

    Man Group bought back 300,000 ordinary shares for cancellation on Friday at a weighted average price of 201.8544p apiece under its US$100m share repurchase programme. At 8:44am: (LON:EMG) Man...

  • 08:31
    Chapel Down open offer to raise £1.47m

    Chapel Down has launched an open offer to raise up to £1.47m, gross, through the issue of 2,940,000 new ordinary shares at 50p apiece. This is to give shareholders who did not take part in last...

  • 08:28
    Vianet Group reclassified as technology company

    Vianet Group said its reclassification to the technology sub-sector of the FTSE index should bring it more attention. The switch, from a previous support services classification, became effective...

  • 08:23
    ULS Technology signs contract with Metro Bank

    ULS Technology said it had launched of a new conveyancing service for Metro Bank as part of a three-year contract. The bank has 54 stores and around 1.1m customer accounts. At 8:23am: (LON:ULS)...

  • 08:19
    Nektan issues shares to fund expansion

    Nektan has raised around £1.76m through a share issue to invest in its online gaming platform and help it expand into Asia and North America. New shares were issued at 21p each, a 21.4% discount...

  • 08:14
    Warehouse REIT acquires Plymouth property

    Warehouse REIT has acquired a warehouse in Plymouth from a client of BMO Global Asset Management for £4.3m, reflecting a net initial yield of 7.4%. The 66,000 square foot property sits on a 3.9...

  • 08:13
    Fusion Antibodies starts trading on AIM

    Fusion Antibodies has started trading on AIM with a market capitalisation of £18.1m having raised £5.5m through a conditional placing of 6,707,317 new ordinary shares at 82p apiece. The company...

  • 08:10
    MX Oil issues shares to pay debt

    MX Oil has agreed to repay £1.575m of outstanding short-term debt through a share issue. New shares in the company were issued at 0.8p each, a premium of around 90% to Friday's closing price of...

  • 08:09
    BP Marsh takes stake in EC3 Brokers

    B.P. Marsh & Partners, the venture capital provider to early stage financial services businesses, has announced an investment into EC3 Brokers Limited through a newly established company, EC3...

  • 08:05
    Ophir Energy pursues alternative LNG funding

    Ophir Energy said it and partners had decided to pursue an alternative funding option for the Fortuna floating liquefied natural gas project in Equatorial Guinea. Funding for up to $1.2bn would be...

  • 07:59
    Thalassa says CEO appointed at Autonomous Robotics

    Thalassa Holdings said Rafael Albea has been appointed chief executive of portfolio company Autonomous Robotics. Albea had been working for Aker Solutions, a global provider of products, systems...

  • 07:56
    Plus500 welcomes Europe regulatory update

    Plus500 said it welcomed an update from the European Securities and Markets Authority on looming new regulations for contracts for difference and other products offered to retail clients. The...

  • 07:51
    Totally company appoints new managing director

    Totally said Andy Gregory has been appointed managing director of subsidiary, Vocare, a provider of urgent care in the UK. The appointment was in a non-board capacity, it said. Gregory has worked...

  • 07:47
    Solo Oil technical director resigns

    Solo Oil said Fergus Jenkins had retired as executive technical director to pursue other business interests. He would remain as a non-executive director for the next six months, the company said....

  • 07:45
    Savannah estimates Portugal resource size

    Savannah Resources announced a maiden mineral resource estimate of 3.2m tonnes for the Reservatorio deposit, one of three targets currently being advanced at the Mina do Barroso lithium project in...

  • 07:40
    Triple Point acquires properties for £10.7m

    Triple Point Social Housing REIT has completed the acquisition of six supported housing properties, comprising 88 units in total, for a combined £10.7m. The properties are located in Lancashire...

  • 07:37
    Town Centre Securities to develop Leeds scheme

    Town Centre Securities has been selected by Leeds City Council to develop a new £20m housing scheme in George Street, Leeds. Work on site is due to commence in the first quarter 2019, with...

  • 07:34
    NextEnergy Solar Fund buys plants for £10.1m

    NextEnergy Solar Fund said it had paid £10.1m for two operating UK solar farms with a combined generation capacity of 8.6MW. The plants were acquired from different counterparties and comprise the...

  • 07:30
    Supermarket Income REIT raises Tesco store rent

    Supermarket Income REIT said an annual rent review at its Tesco superstore in Thetford, Norfolk, has resulting in an price increase of 3.7%. The rent would increase from £2,467,908 to £2,558,300...

  • 07:26
    Shefa Yamim admitted to LSE

    Israel-focused gem explorer Shefa Yamim has confirmed it will list on the London Stock Exchange today. Prior to admission, the company, which would have the ticker SEFA, was a 75%-owned subsidiary...

  • 07:21
    Mereo BioPharma plans US listing

    Mereo BioPharma Group said it is planning to conduct a registered initial public offering in the US in the first half of 2018. The number of shares and price of the proposed offering had not yet...

  • 07:15
    PowerHouse selects site for commercial facility

    PowerHouse Energy Group has agreed with Peel Environmental, a developer of infrastructure for the waste and environmental technology sectors, to sign a 25-year lease for the site of its first...

  • 07:08
    SuperGroup to supply gear to UK athletes

    SuperGroup said its Superdry Sport brand has been chosen as an official clothing supplier to the UK delegation for the 2018 Invictus Games in Sydney. The company's designers and technicians would...

  • 15 Dec
    Wall Street higher with tax changes back in focus

    US markets started the last session of the week on a positive note, as proposed tax legislation changes remain a focal point for investors. The Dow was recently up 0.46% at 24,620, the S&P 500...

  • 15 Dec
    US industrial production up 0.2%

    Industrial production in the US moved up 0.2% in November after posting an upwardly revised increase of 1.2% in October, the Federal Reserve confirmed today. Manufacturing production also rose...

  • 15 Dec
    US capacity utilisation at 77.1 in November

    Capacity utilisation in the US for the industrial sector was 77.1% in November, a rate that is 2.8 percentage points below its long-run (1972 - 2016) average, the Federal Reserve said today....

  • 15 Dec
    Empire State Index little changed at 18

    Business activity continued to grow in New York State, according to firms responding to the December Empire State Manufacturing Survey. The headline general business conditions index, at 18,...

  • 15 Dec
    Nuformix signs China licensing agreement

    Nuformix has updated a service agreement signed in October with Shanghai Newsummit Biopharma to include a license to one of its treatments, for the Chinese market only. Newsummit has agreed to pay...

  • 15 Dec
    InnovaDerma in warrants and shares issues

    InnovaDerma has issued warrants to subscribe for up to 120,000 ordinary shares to settle previous contractual commitments. The warrants are exercisable in the period until 14 Dec 2018, at an...

  • 15 Dec
    GlaxoSmithKline transfers shares from treasury

    GlaxoSmithKline has transferred 38,600,000 ordinary shares from treasury to BNY Mellon, the depositary of the company's American depositary receipts programme, to procure the issuance and transfer...

  • 15 Dec
    HaloSource appoints Nomad and sole broker

    HaloSource has appointed Cantor Fitzgerald Europe as the company's nominated adviser and sole broker with immediate effect. At 9:41am: (LON:HAL) HaloSource share price was 0p at 3p (LON:HALO)...

  • 15 Dec
    Plant Impact appoints takeover adviser

    Plant Impact said it had appointed Peel Hunt as an adviser for its strategic review process, which involves inviting takeover bids for the company. The company had announced the review process on...

  • 15 Dec
    Mail.Ru Group updates Youla performance

    Russian-based Mail.Ru Group said e-commerce platform Youla is producing 2m Russian rubles in revenue per day, one month after its launch. Story provided by

  • 15 Dec
    Man Group buys back shares

    Man Group bought back 160,575 ordinary shares for cancellation yesterday at a weighted average price of 203.7668p apiece under its US$100m share repurchase programme. At 9:14am: (LON:EMG) Man...

  • 15 Dec
    Strategic Minerals to buy Australian mine for £1.71m

    Strategic Minerals said it has agreed to acquire the Leigh Creek copper mine in South Australia for A$3m (£1.71m). The renegotiated agreement followed the completion of technical and financial...

  • 15 Dec
    Ranger Direct outlines Argon hit to NAV

    Ranger Direct Lending Fund said it would take an additional reserve of $9.1m against its indirect investment in Argon, which declared bankruptcy. The company said it currently expects this...

  • 15 Dec
    Baillie Gifford Shin Nippon in equity issue

    Baillie Gifford Shin Nippon issued 70,000 ordinary shares yesterday at 865.00p apiece under its block listing facility. At 9:01am: (LON:BGS) Baillie Gifford Shin Nippon Plc share price was...

  • 15 Dec
    Mporium Group inks sales deal

    Mporium Group has agreed to provide technology products to what it said was one of the world's largest performance marketing agencies. The agency, which it didn't name, operates in more than 50...

  • 15 Dec
    SDX Energy Morocco well starts producing

    SDX Energy said it has placed a new well into production at the Sebou permit in Morocco. The KSR-15 well was tested at a restricted average flow rate of conventional natural gas into the sales...

  • 15 Dec
    BioPharma Credit placing raises $154m

    BioPharma Credit has raised $154m, gross, through an oversubscribed placing of 152,375,471 shares at $1.0114 apiece, discount of around 2.75% on Wednesday's closing price. Chairman Jeremy Sillem...


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