Economic and Market News for 5 February 2019

Landore Resources said assessment work indicated 98% extraction of gold was achievable with conventional mining processes at the BAM gold deposit at the Junior Lake property in Canada. The company...

Leak-detection and remediation group Water Intelligence said it had completed three corporate transactions, including the acquisition of a Niagara franchise in Canada. The franchise achieved...

Greatland Gold said laboratory assay results had significantly extended the known mineralisation intersected during the first drilling campaign at its Havieron copper and cobalt project in Western...

Jangada Mines said samples collected at its Ptombeiras West prospect in north-eastern Brazil had confirmed continuous high vanadium, titanium and iron grades at surface. Grades were reported as...

Pharmaceutical and services company Clinigen Group said its chief financial officer Martin Abell had resigned and would leave the business at the end of March. He would replaced by Nick Keher,...

Red Rock Resources said it had completed modeling work based on historical data for its Musonoi copper and cobalt project at Kolwize in the Democratic Republic of Congo. The first-phase...

3i Infrastructure said it had agreed to sell its 33.3% stake in Cross London Trains to a consortium of Dalmore and Equitix funds for expected proceeds of £333m. Cross London Trains was established...

GlaxoSmithKline agreed to offer Merck up to €3.7bn (£3.2bn) to form a partnership to develop an immonutherapy for the treatment of cancer. The deal involved GSK making an upfront payment to Merck...

Online grocery retailer Ocado said it had suspended operations at its high-tech Andover distribution centre in southern England due to a fire. The fire had started on Tuesday in a section of the...

ECO Animal Health Group's subsidiary ECO Animal Health said Tuesday it had signed a second global exclusive licensing deal with the Poultry Diagnostic & Research Center, College of Veterinary...

Egdon Resources said it 'strongly believed' that its revamped proposals would address the concerns raised by the planning inspector as it seeks to overturn decision that had led to rejection of its...

BlueRock Diamonds said Tuesday it had recovered an 'exceptional' 8.97 carat diamond on Friday last week. The recovered diamond would be the third stone independently valued in excess of $50,000...

Evgen Pharma said Tuesday it had recruited the final patient in its stroke treatment trial and added that the last patient had completed its breast cancer trial without disease progression. The...

W Resources said further shipments of tungsten concentrate had been completed from its La Parrilla Mine in Spain. Development at the mine remained on track as construction of a jig plant advanced...

Online property portal OnTheMarket said its listing agreements with UK estate agents had exceeded 12,500 branches by the end of January. The figure reflected a rise of more than 7,000 branches in...

Gama Aviation said Tuesday that it had repaid overpayments from its US Air associate Gama Aviation of $5.75m and $2m received in June last year and December 2017, respectively. The overpayments...

Amino Technologies on Tuesday said annual pre-tax profits fell by more than a third as rising component prices and lower than anticipated orders weighed. For the year ended 30 November, profit...

Engineering company TP Group announced the award of an order worth around £1.2m from the Ministry of Defence to provide lithium-hydroxide curtains for management of carbon dioxide contamination on...

Yolo Leisure and Technology said it had raised £0.3m from a share issue and would invest £0.1m in telecom technology group Sparkledun. News shares in the company were issued at 3.75p each, an 11%...

The UK services purchasing managers' index fell to 51.1 in January, down from 51.2 in December, according to IHS Markit. The latest reading was the lowest for two-and-a-half years and the...

Castings and engineering group Chamberlin reported Tuesday a first-half operating loss, citing tougher trading conditions owing recently implemented regulatory measures and Brexit uncertainty....

Union Jack Oil confirmed that an appeal had been lodged against a council decision in Lincolnshire to refuse planning consent for the development of the Wressle oil discovery. Union Jack said the...

Indivior said Tuesday it had failed in its attempt to appeal against a decision that would allow rival Dr. Reddy's Laboratories from selling a generic version of the company's opioid addiction...

AstraZeneca said Tuesday its treatment for lower respiratory tract infection caused by the respiratory syncytial virus had received priority status from the European Medicines Agency. The treatment...

Warehouse REIT said it completed 14 new lettings and seven lease renewals in the December quarter. The deals related to 121,000 sqaure feet of space and were achieved at 14.2% ahead of 30...

Red Emperor Resources said the mobilisation of a rig was underway for the drilling of a new exploration well in Alaska. The rig was currently traveling around 90 miles to the Winx-1 well site....