Economic and Market News for 4 December 2017

  • 04 Dec
    14:51
    Wall Street soars as Senate passes tax bill

    US markets started the trading week on the front foot after the Senate approved corporate tax cuts over the weekend, with falling oil prices doing little to temper the enthusiasm among traders in...

  • 04 Dec
    10:01
    Solo provides Helium One update

    Solo Oil said Helium One, a pure play helium explorer in Tanzania in which it currently holds a 10% shareholding interest, has made significant technical progress. Solo and Helium One have also...

  • 04 Dec
    09:57
    Rose Petroleum says seismic data encouraging

    Rose Petroleum said the processing of recently acquired 3D seismic data is nearing completion and initial analysis provided by processing consultants, 3D Imaging Technology, is of "excellent"...

  • 04 Dec
    09:52
    Pendragon announces asset disposal plans

    Pendragon said it would reduce franchise locations at its UK Premium brand new cars business over a three-year period and sell its US business. At the UK business, the company said £100m of...

  • 04 Dec
    09:47
    Carnival buys back shares

    Carnival Corporation & plc bought back 74,323 shares on Friday at an average price of 4781.4159p apiece to be held in treasury. At 9:47am: (LON:CCL) Carnival PLC share price was +155.5p at...

  • 04 Dec
    09:45
    Windar Photonics wins China orders

    Windar Photonics said it received a follow-on order from one of its Chinese partners for LiDAR systems for the Chinese market. The first 50 systems were contracted to be delivered in the fourth...

  • 04 Dec
    09:43
    Vp acquisition of Brandon Hire probed by regulator

    Vp said the Competition and Markets Authority is investigating its acquisition of Brandon Hire Group. Prior to completion of the deal, Vp said it conducted a detailed due diligence exercise,...

  • 04 Dec
    09:40
    Versarien signs collaboration agreement

    Versarien has signed an agreement with a US global chemical supplier to collaborate across a number of projects. Versarien said the company, which it didn't name, would use its proprietary Nanene...

  • 04 Dec
    09:34
    Diageo buys back shares

    Diageo bought back 377,964 ordinary shares on Friday at the volume weighted average price of 2,569.15p apiece for cancellation. At 9:34am: (LON:DGE) Diageo PLC share price was +18.25p at...

  • 04 Dec
    09:22
    TyraTech sells lice brand for up to $17.5M

    TyraTech has agreed to sell its human lice products brand Vamousse to Alliance Pharma for an initial payment of $13m. The company is entitled to further payments of up to $4.5m, conditional on the...

  • 04 Dec
    09:19
    Silence Therapeutics sells some Arrowhead shares

    Silence Therapeutics has sold part of its holding in Arrowhead Pharmaceuticals for $7.5m (£5.6m). The average purchase price per common share was $1.65 and the average selling price of the common...

  • 04 Dec
    09:00
    Experian buys back shares

    Experian bought back 550,000 ordinary shares on Friday at the weighted average price of 1539.0235p apiece for cancellation. At 9:00am: (LON:EXPN) Experian PLC share price was +18.5p at 1545.5p...

  • 04 Dec
    08:30
    Lionsgold raises £200,000

    Lionsgold has raised an additional £200,000 in gross proceeds on the same terms as the placing announced on 30 Nov. The additional placing comprised the issue of 25,000,000 new ordinary shares at...

  • 04 Dec
    08:19
    Primorus sells interest in Gold Mines of Wales

    Primorus Investments has agreed to sell its 49% stake in Gold Mines of Wales to Alba Mineral Resources in a scrip deal valued at around £316,667. The sale was agreed at a total consideration of...

  • 04 Dec
    08:02
    Nanco signs new supply deal

    Nanoco Group has signed a commercial supply and license agreement with STRI Group, a consultancy for the design, research and management of natural and synthetic sports turf surfaces. Specific...

  • 04 Dec
    08:00
    Sirius Real Estate completes German deals

    Sirius Real Estate has completed the acquisition of the Hamburg-Hummelsbüttel office building in Hamburg for €8.4m. The company said it had also sold non-income producing land in Berlin for...

  • 04 Dec
    07:56
    Reabold Resources invests in Romania

    Reabold Resources said it has bought a 29% interest in Danube Petroleum, a subsidiary of Australian-listed ADX Energy, for £1.5m. Danube is a newly-formed UK private oil and gas company, which...

  • 04 Dec
    07:47
    STM says Gibraltar court delays inspector appointment

    Cross-border financial services provider STM Group said the Gibraltar Supreme Court has confirmed the stay of the appointment of inspectors until an appeal against their appointment is heard. STM...

  • 04 Dec
    07:42
    Walker Greenbank appoints brand manager

    Walker Greenbank has appointed David Butcher as general manager brands, making him responsible for delivering the UK and international growth objectives of the furniture company's brand portfolio....

  • 04 Dec
    07:39
    Malvern International takes out new loans

    Malvern International has entered into loan agreements with its two major shareholders, KSP Investments and CG Corp, whereby each will loan the company £250,000. The loans are unsecured, accrue no...

  • 04 Dec
    07:33
    Seneca Global Income reduces equities exposure

    Seneca Global Income & Growth Trust said it would cut its exposure to equities and expected to at least maintain its quarterly dividend rate of 1.58p per share for the full year through April....

  • 04 Dec
    07:32
    Arix leads $30m financing for Atox Bio

    Arix Bioscience has led an oversubscribed $30 million series F financing round for Atox Bio. Atox Bio is a late stage clinical biotechnology company developing novel immune modulators for...

  • 04 Dec
    07:22
    Weir Group directors to retire

    The Weir Group said non-executive directors John Mogford and Alan Ferguson would retire after the company's annual general meeting in April. Stephen Young, chief executive of Meggitt, will join...

  • 04 Dec
    07:07
    Unilever completes €5b share buy back

    Unilever has completed a €5b share buyback programme that commenced earlier this year. Between May 19 and December 1, 50,250,099 Unilever N.V. shares and 51,692,284 Unilever PLC shares were...

  • 04 Dec
    07:05
    Rio Tinto appoints new chairman

    Rio Tinto has appointed Simon Thompson as chairman, effective March 5, and updated its cash-flow generation plans. Thompson, who joined the miner's board as a non-executive director in 2014, will...

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