Economic and Market News for 6 December 2017

  • 06 Dec
    14:58
    US markets open flat on Wednesday

    Wall Street got off to a lackluster start on Wednesday with mixed reactions over the GOP Tax Plan and falling oil prices, which app=pears to have dented sentiment in New York. Shortly after the...

  • 06 Dec
    13:37
    US productivity up 3%

    US non-farm business sector labor productivity increased 3.0% during the third quarter of 2017, the Bureau of Labor Statistics reported today. Output increased 4.1% and hours worked increased...

  • 06 Dec
    10:04
    Shanta Gold to hold site visit

    Shanta Gold said it would host a site visit for analysts at its New Luika gold mine in Tanzania on December 5th and 6th. At 10:04am: (LON:SHG) Shanta Gold Ltd share price was 0p at 3.5p Story...

  • 06 Dec
    10:02
    Prospex Oil and Gas says well results encouraging

    Prospex Oil and Gas said positive log results indicate the presence of a gas-bearing reservoir at a well drilled by partner Po Valley Energy in Italy. Downhole log results received from...

  • 06 Dec
    09:58
    Baring Emerging Europe buys back shares

    Baring Emerging Europe bought back 7,500 ordinary shares yesterday at the weighted average price of 775.40p apiece for cancellation. At 9:58am: (LON:BEE) Baring Emerging Europe Plc share price...

  • 06 Dec
    09:55
    U+I forms JV for £160m mall

    U+I has entered into a joint venture agreement with a consortium managed by McArthurGlen to develop a £160m designer outlet in Cannock, near Birmingham. The company has retained a 12.5% interest...

  • 06 Dec
    09:55
    Man Group buys back shares

    Man Group bought back 125,716 ordinary shares for cancellation yesterday at a weighted average price of 195.9590p apiece under its US$100m share repurchase programme. At 9:55am: (LON:EMG) Man...

  • 06 Dec
    09:52
    Custodian REIT raises £2,875,000

    Custodian REIT issued 2,500,000 new ordinary shares yesterday raising £2,875,000, gross. The shares were issued under its block listing facility to satisfy continued investor demand. At 9:52am:...

  • 06 Dec
    09:45
    UK Oil & Gas loan notes converted

    UK Oil & Gas Investments said more loan notes have been converted in relation to its £10 million financing round announced last month. The company received a notice of exercise from Cuart...

  • 06 Dec
    09:37
    D4t4 Solutions buys back shares

    D4t4 Solutions said it bought back 79,155 ordinary shares on 1 Dec at 129.9903p apiece to be held in treasury for the purpose of satisfying future obligations in relation to its employees' or...

  • 06 Dec
    09:36
    Vernalis receives Servier milestone payment

    Vernalis has received a milestone payment from partner Servier after they achieved pre-clinical progress in their third oncology drug discovery collaboration. Vernalis will receive a payment of...

  • 06 Dec
    09:27
    Camper & Nicholsons to delist from AIM

    Camper & Nicholsons Marina Investments is to seek shareholder approval for delisting from AIM. It said that following a review of the benefits and drawbacks of being a quoted company, the...

  • 06 Dec
    09:14
    Andalas issues 638,569,604 warrants

    Andalas Energy and Power has issued 638,569,604 warrants to 1798 Volantis Fund following its equity investment of £500,000 and provision of a convertible loan note facility of up to £2m. The...

  • 06 Dec
    09:09
    Pantheon Resources to analyse Texas well

    Pantheon Resources said services group Schlumberger has been contracted to analyse a well at its properties in eastern Texas. Schlumberger will log the VOBM#4 well in Tyler county and is expected...

  • 06 Dec
    09:00
    Experian buys back shares

    Experian bought back 599,699 ordinary shares yesterday at the weighted average price of 1545.6730p apiece for cancellation. At 9:00am: (LON:EXPN) Experian PLC share price was -0.5p at 1540.5p...

  • 06 Dec
    08:52
    BP buys back shares

    BP bought back 3,000,000 ordinary shares yesterday at the volume weighted average price of 493.0317p apiece for cancellation. At 8:52am: (LON:BP.) BP PLC share price was +0.98p at 492.73p...

  • 06 Dec
    08:43
    Imperial Brands buys back shares

    Imperial Brands bought back 200,000 ordinary shares yesterday at an average price of 3053.93p apiece for cancellation. At 8:43am: (LON:IMB) Imperial Brands Plc share price was +3.25p at 3038.25p...

  • 06 Dec
    08:11
    Stratex ups stake in Egypt gold project

    Stratex International said it has agreed to subscribe to additional shares in Thani Stratex Resources for $250,000. The investment will give it a 30.1% holding in the company, which is developing...

  • 06 Dec
    08:02
    Green Dragon to list producing assets on HKEX

    Green Dragon Gas plans to list its subsidiary, which shall include its producing assets, within the GSS production sharing contracts (60% interest in GSS Block, and 47% interest in GCZ Block)...

  • 06 Dec
    08:00
    Manchester Building Society director to leave

    Manchester Building Society Group said non-executive director John Allen would step down at the end of the year. "I would like to thank John for his years of service to the society and the strong...

  • 06 Dec
    07:59
    Target Healthcare REIT acquires homes for £31m

    Target Healthcare REIT has completed the acquisition of three properties in Hertfordshire, York and the Wirral for a total of £31m. The Hertfordshire care home opened in 2013 and comprises 64...

  • 06 Dec
    07:54
    TOC Property launches share issue

    TOC Property Backed Lending Trust said it intends to raise up to £1.0m to fund continued growth in its portfolio of real estate loans. New shares would be issued at 100p each, it said. Story...

  • 06 Dec
    07:33
    Smith & Nephew completes Rotation Medical acquisition

    Smith & Nephew has completed the acquisition of Rotation Medical, a developer of tissue regeneration technology for shoulder rotator cuff repair The acquisition cost was $125m with up to a...

  • 06 Dec
    07:09
    BSG to return £5m to shareholders

    Billing Services Group proposes to return up to $5.0n to shareholders by way of a tender offer at a price of $0.0425 per Share. In aggregate the company intends to redeem up to 117,647,059...

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