Economic and Market News for 5 February 2019
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05 Feb
14:52Landore Resources reports 'outstanding' metallurgical results at Canada gold playLandore 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...
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05 Feb
14:43Water Intelligence completes three transactions in North AmericaLeak-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...
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05 Feb
14:34Greatland Gold welcomes assay results at Australian copper, cobalt playGreatland 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...
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05 Feb
14:20Jangada Mines says samples taken in Brazil confirm high mineral gradesJangada 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...
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05 Feb
14:15Clinigen CFO Martin Abell to stand downPharmaceutical 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,...
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05 Feb
14:02Red Rock Resources completes modeling work at Congo prospectRed 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...
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05 Feb
13:393i Infrastructure sells Cross London Trains stake for £333m3i 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...
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05 Feb
13:28GlaxoSmithKline offers Merck up to €3.7bn to form immunotherapy ventureGlaxoSmithKline 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...
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05 Feb
13:14Ocado suspends operations at UK facility due to fireOnline 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...
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05 Feb
10:48ECO Animal Health signs second licensing deal with Poultry Diagnostic & Research CenterECO 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...
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05 Feb
10:42Egdon Resources submits Wressle oil field planning appealEgdon 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...
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05 Feb
10:33BlueRock Diamonds recovers 'exceptional' diamond valued at more than $50,000BlueRock 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...
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05 Feb
10:29Evgen Pharma recruits final patient for stroke treatment trialEvgen 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...
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05 Feb
10:01W Resources makes further tungsten shipment from Spanish mineW 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...
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05 Feb
09:57OnTheMarket listing agreements exceed 12,500 branchesOnline 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...
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05 Feb
09:55Gama Aviation repays overpayments from its US Air associateGama 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...
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05 Feb
09:49Amino Technologies profits slump on rising costs, declining orders; offers dour outlook for 2019Amino 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...
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05 Feb
09:47TP Group notches order from UK defence ministryEngineering 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...
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05 Feb
09:40Yolo Leisure and Technology raises capital; invests in SparkledunYolo 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%...
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05 Feb
09:33UK services PMI falls to two-and-a-half year lowThe 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...
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05 Feb
08:43Chamberlin reports operating loss as emissions regulation, Brexit uncertainty weighCastings and engineering group Chamberlin reported Tuesday a first-half operating loss, citing tougher trading conditions owing recently implemented regulatory measures and Brexit uncertainty....
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05 Feb
08:17Union Jack Oil appeal lodged against denial of Wressle developmentUnion 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...
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05 Feb
08:13Indivior fails to overturn decision preventing rival from selling copycat productIndivior 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...
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05 Feb
07:52AstraZeneca's respiratory tract infection treatment receives favourable status from European and US health authoritiesAstraZeneca 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...
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05 Feb
07:42Warehouse REIT achieves rental boost on December quarter lease dealsWarehouse 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...
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05 Feb
07:38Red Emperor Resources says rig mobilisaiton underway for Alaska oil wellRed 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....
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05 Feb
07:34MaxCyte launches share issue to raise at least £10mCell-based medicines company MaxCyte Group launched a share issue to raise at least £10.0m to fund an acceleration of its growth strategy. New shares in the company would be issued at 170p each....