Economic and Market News for 12 January 2018

  • 12 Jan
    14:51
    Nanoco shareholders pass AGM resolutions

    Nanoco Group said all resolutions were carried at its annual general meeting. At 2:51pm: (LON:NANO) Nanoco Group PLC share price was +0.7p at 28.2p Story provided by StockMarketWire.com

  • 12 Jan
    14:33
    FastForward investment company wins cannabis order

    FastForward Innovations Fund said a company in its investment portfolio, Canada's Nuuvera, has agreed to provide the province of New Brunswick with 2.5 million grams of cannabis. FastForward holds...

  • 12 Jan
    14:00
    SQN Asset Finance welcomes US solar plans

    SQN Asset Finance Income Fund said progress continued to be made on a US resolution for the protection of the country's solar cell industry, and specifically for the company's investment in Suniva....

  • 12 Jan
    13:48
    Reconstruction Capital II to invest in Romania

    Reconstruction Capital II, a closed-end investment company, has agreed to buy a stake in two Romanian-focused investment funds for a combined payment of €3.3m. The funds' main underlying asset is...

  • 12 Jan
    13:41
    Fenner AGM resolutions passed by shareholders

    Fenner said all of the resolutions put to shareholders at its annual general meeting were passed on a show of hands. At 1:41pm: (LON:FENR) Fenner PLC share price was +30.75p at 508.75p Story...

  • 12 Jan
    13:36
    US December retail sales +0.4%

    US retail sales rose by 0.4% in the month of December to $495.4bln, according to the US Census Bureau. The advance was below a 0.5% rise forecast by the market. Story provided by...

  • 12 Jan
    13:33
    US December CPI +0.1%

    The US consumer price index of inflation for all urban consumers increased 0.1% in December on a seasonally adjusted basis, according to the U.S. Bureau of Labor Statistics. The extent of the...

  • 12 Jan
    13:22
    Symphony Environmental decries recycling policy "black hole"

    Symphony Environmental Technologies has asked the UK government to rethink its approach to recycling policy. The company confirmed that one of its directors, Michael Stephen, told Sky News that...

  • 12 Jan
    13:16
    UPDATE: GKN rejects Melrose takeover approach

    GKN has rejected a preliminary and unsolicited £7bn takeover proposal from Melrose Industries and described it as 'entirely opportunistic' The 405p per share proposal - which was received on 8 Jan...

  • 12 Jan
    13:06
    Custodian REIT confirms dividend

    Custodian REIT confirmed it will pay a third quarterly interim dividend of 1.6125p per share. It would be paid on 28 February to shareholders on the register on 26 January. At 1:06pm: (LON:CREI)...

  • 12 Jan
    09:56
    Serica Energy says oil fields back online

    Serica Energy said it had been informed by operator BP that the Bruce, Keith and Rhum fields have each resumed production following the successful repair of the Forties pipeline system. The fields...

  • 12 Jan
    09:49
    Gabelli Merger Plus+ declares interim dividend

    Gabelli Merger Plus+ Trust has declared a first interim dividend of US$0.23 per ordinary share in for the financial year to 30 Jun. The dividend will be paid on 31 Jan to shareholders of record...

  • 12 Jan
    09:42
    Man Group buys back shares

    Man Group bought back 118,620 ordinary shares yesterday for cancellation at a weighted average price of 214.0527p apiece under its US$100m repurchase programme. At 9:42am: (LON:EMG) Man Group PLC...

  • 12 Jan
    09:40
    Kingfisher buys back shares

    Kingfisher bought back 727,756 ordinary shares yesterday at an average price of 339.9105p apiece for cancellation. At 9:40am: (LON:KGF) Kingfisher PLC share price was +3.8p at 345.7p Story...

  • 12 Jan
    09:38
    WPP acquires Mash Strategy

    WPP said its Kantar Consulting arm had acquired Mash Strategy, a London-based brand strategy and growth consultancy, for an undisclosed sum. Mash clients include Johnson & Johnson, Samsung,...

  • 12 Jan
    09:35
    Primorus says Stream TV forms China pact

    Primorus Investments said Stream TV Networks has entered into a partnership to develop 8,000 screens with a large Chinese screen manufacturer, BOE Technology. In 2017, Primorus invested $200,000...

  • 12 Jan
    09:31
    Zenith Energy mulls Azerbaijan acquisition

    Zenith Energy has entered into an exclusivity agreement to acquire various production and exploration licences in Azerbaijan. It didn't disclose a potential purchase price. The proposed deal,...

  • 12 Jan
    09:26
    TechFinancials welcomes Cedex update

    TechFinancials said online diamond-trading exchange Cedex, in which it has invested, has received high demand for a private coin sale. TechFinancials currently holds a 2% interest in Cedex, with...

  • 12 Jan
    09:20
    Telit says Italian court appeals tax rulings

    Telit Communications said Italian tax authorities have appealed to the country's Supreme Court regarding past decisions by lower courts ruling in the company's favour. Telit said its Italian arm...

  • 12 Jan
    09:16
    Prospex Oil and Gas says testing starts on Italy well

    Prospex Oil and Gas said flow testing operations have commenced at the Podere Maiar-1d appraisal well onshore Italy. The operator anticipates that flow test results would be available within the...

  • 12 Jan
    09:16
    Akers Biosciences in equity issue

    Akers Biosciences has issued 9,366,668 common shares after receiving applications for the conversion of 1,405 shares of series B convertible preferred stock with a stated value of $1,000 per...

  • 12 Jan
    09:14
    Oracle Power acquires rest of Sindh Carbon

    Oracle Power has agreed to acquire the outstanding shares in Sindh Carbon Energy for a maximum payment of £3.6m. An initial payment of £2.2m would be satisfied through the issuance of Oracle...

  • 12 Jan
    07:48
    GCP Infrastructure placing raises £100m

    GCP Infrastructure Investments has raised £100m following a placing of 81,967,214 new ordinary shares at 122.0p apiece. The company had targeted gross proceeds of £60m but the board exercised its...

  • 12 Jan
    07:46
    United Oil & Gas says flow testing starts in Italy

    United Oil & Gas said flow testing had commenced at the Podere Maiar well on the Selva gas field in the north of Italy. Results from the test were expected to be reported next week, the...

  • 12 Jan
    07:35
    AIQ shares suspended after 'unwarranted' price rise

    AIQ Limited's board has asked for trading to be suspended following an unwarranted rise in its share price. The company said that further to its announcement yesterday morning, the board noted...

  • 12 Jan
    07:33
    Worldwide Healthcare director stands down

    Worldwide Healthcare said Samuel D. Isaly had ceased to be a director of the company. Story provided by StockMarketWire.com

  • 12 Jan
    07:12
    Sirius Minerals says Woodsmith project on track

    Sirius Minerals said its Woodsmith mine project in North Yorkshire remained on track to deliver first polyhalite and commercial production on time and on budget. Current diaphragm walling...

  • 12 Jan
    07:05
    Smiths Group welcomes US tax legislation

    Smiths Group said the net impact of new US tax legislation on the company would be favourable over the medium term. For the current financial year, it anticipated a headline effective tax rate of...

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