Economic and Market News for 1 December 2017

  • 01 Dec
    14:54
    Wall Street dips ahead of economic data

    US markets gave up some of their record breaking gains when trading got underway on Wall Street, with construction spending data due to be released later today and as the Senate prepares to vote on...

  • 01 Dec
    14:49
    US manufacturing PMI falls to 53.9

    The Markit 'final' US Manufacturing Purchasing Managers' Index fell to 53.9 in November, down from 54.6 in October. The latest index reading signalled robust, albeit slower, overall growth in the...

  • 01 Dec
    09:57
    Triple Point Social acquires properties for £10.4m

    Triple Point Social Housing has completed four acquisitions of supported housing properties, comprising 52 units, for an aggregate purchase price of around £10.4m. The four properties are located...

  • 01 Dec
    09:48
    UK November manufacturing PMI 58.2; a four-year high

    The UK manufacturing purchasing managers index stood at 58.2 in November, its highest level in four years, according to IHS Markit. "Manufacturing production expanded at the fastest pace since...

  • 01 Dec
    09:46
    Galantas Gold closes private placing

    Galantas Gold Corporation - which has a 100% interest in Northern Ireland's Omagh gold mine -has closed the private placement for C$$ 1,165,857 in line with the terms and proposed placing price...

  • 01 Dec
    09:35
    Pebble Beach Systems ends sale process

    Pebble Beach Systems Group has terminated a sale process after several interested parties failed to make an offer considered adequate by the company. The broadcasting software provider said it...

  • 01 Dec
    09:17
    PJSC NCSP proposes CEO replacement

    Russian port operator PJSC NCSP said it has approved the agenda of an extraordinary general meeting that will propose leadership changes. The early termination of powers of Sultan Batov as chief...

  • 01 Dec
    09:10
    Third Point Offshore November return +0.1%

    Third Point Offshore said it achieved a return for the month of November of 0.1%. Year-to-date returns were 18.1%, the company said. At 9:10am: (LON:TPOG) Third Point Offshore Investors Ltd...

  • 01 Dec
    08:56
    Beowulf shares fall on Kallak North decision

    Beowulf Mining's shares tumbled after the county administrative board for the county of Norrbotten to the Swedish government decided not to recommend the award of an exploitation concession for...

  • 01 Dec
    08:34
    Shire appoints new R&D head

    Shire has appointed Andreas Busch as executive vice president, head of research and development and chief scientific officer. He will replace Howard Mayer, who will become Shire's chief medical...

  • 01 Dec
    08:29
    Polo Resources company wins legal dispute

    Polo Resources said investee company Celamin Holdings had received a favourable decision in an arbitration dispute. The dispute was with joint venture partner Tunisian Mining over the fraudulent...

  • 01 Dec
    08:28
    Barclays reduces stake in BAGL

    Barclays said its shareholding in Barclays Africa Group Limited was set to fall to from 21.9% to 14.9%, in line with previously announced expectations. It said that settlement of the transfer...

  • 01 Dec
    08:24
    SkinBioTherapeutics gets Australian patent

    SkinBioTherapeutics has been granted the first patent for its skin treatment technology in Australia. The patent covers the use of specific probiotic bacteria and lysates in the treatment of skin...

  • 01 Dec
    08:20
    Petro Matad funding arrangement terminated

    Petro Matad said a share purchase and convertible securities deed with Bergen Global Opportunity Fund had been terminated by the parties by mutual consent. As a result of the termination, no...

  • 01 Dec
    08:14
    Randall & Quilter signs contract worth up to $10m

    Randall & Quilter said its Accredited Surety and Casualty unit had agreed to an insurance arrangement with The Hotaling Group that would generate up to $10m in gross written premium. ASC wouls...

  • 01 Dec
    08:09
    Purplebricks partners with Feefo

    Purplebricks Group has partnered with customer review site Feefo, a move it said will provide customers with more opportunities to review its service. Purplebricks said it was currently working on...

  • 01 Dec
    08:05
    Victoria Oil & Gas well start expected mid-December

    Victoria Oil & Gas said it expected production to commence from a new well in Cameroon in December following a delay. After reaching its total depth, the rig drilling the La-108 well...

  • 01 Dec
    08:00
    Tissue Regenix CFO resigns

    Tissue Regenix Group said chief financial officer Paul Devlin has resigned. The company said it would commence a search for his successor. "Paul played a significant role throughout the fundraise...

  • 01 Dec
    07:49
    Rose Petroleum competes Mexico mill sale

    Rose Petroleum has completed the disposal of its mineral processing mill operation in San Dieguito de Arriba, Mexico to Magellan Gold for $1.5m Of the proceeds, $1.0m was payable in cash, with the...

  • 01 Dec
    07:45
    R&Q completes asset sale for $22.6m

    R&Q has completed the sale of its Lloyd's managing agency to Coverys for $22.6m, having secured relevant approvals. After costs and related incentive and other payments, the sale will...

  • 01 Dec
    07:40
    Midwich acquires Sound Technology

    Midwich has acquired Sound Technology, a UK-based distributor of audio and lighting solutions, from founder Robert Wilson for an undisclosed sum. The target generated revenue of around £21m in the...

  • 01 Dec
    07:36
    RM2 International faces funding challenge

    Pallet provider RM2 International said it has not yet been able to secure sufficient funding to provide a production forecast for its Chinese manufacturing partner Zhenshi. The company had stated...

  • 01 Dec
    07:33
    7digital plans to raise £8.5m

    7digital Group plans to raise £8.5m through a placing, subscription and open offer. It said the net proceeds would be used to capitalise on the growth opportunities of the company's B2B streaming...

  • 01 Dec
    07:26
    CMS invests £3m in Destiny Pharma

    CMS Medical Venture Investment has invested £3.0m in Destiny Pharma to accelerate the development of the company's pipeline of drug candidates. This follows finalisation of the development and...

  • 01 Dec
    07:19
    TLA Worldwide appoints new CFO

    TLA Worldwide has appointed Richard Shamsi as its chief financial officer, effective from January 2. Shamsi was most recently CFO of AKQA, a wholly-owned operating company of WPP. Prior to that,...

  • 01 Dec
    07:15
    Thalassa sells WGP Group for up to $30m

    Thalassa Holdings has agreed to sell WGP Group to Fairfield Industries for a up to $30m. The company will receive an initial payment of $20m, with a further $10m contingent on certain customer...

  • 01 Dec
    07:10
    Redefine International changes name

    Redefine International has changed its name to RDI REIT, an acronym for Real Estate Diversified Income REIT. The company said the new brand is synonymous with its intention to become "the UK's...

  • 01 Dec
    07:07
    RHI Magnesita completes asset sales

    RHI Magnesita said it had completed asset sales that were a condition of a merger with RHI's dolomite busienss, raising a total of €42.6m. RHI AG and Magnesita had agreed to sell plants to...

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