Economic and Market News for 15 December 2017

  • 15 Dec
    15:03
    Wall Street higher with tax changes back in focus

    US markets started the last session of the week on a positive note, as proposed tax legislation changes remain a focal point for investors. The Dow was recently up 0.46% at 24,620, the S&P 500...

  • 15 Dec
    14:22
    US industrial production up 0.2%

    Industrial production in the US moved up 0.2% in November after posting an upwardly revised increase of 1.2% in October, the Federal Reserve confirmed today. Manufacturing production also rose...

  • 15 Dec
    14:20
    US capacity utilisation at 77.1 in November

    Capacity utilisation in the US for the industrial sector was 77.1% in November, a rate that is 2.8 percentage points below its long-run (1972 - 2016) average, the Federal Reserve said today....

  • 15 Dec
    13:35
    Empire State Index little changed at 18

    Business activity continued to grow in New York State, according to firms responding to the December Empire State Manufacturing Survey. The headline general business conditions index, at 18,...

  • 15 Dec
    09:55
    Nuformix signs China licensing agreement

    Nuformix has updated a service agreement signed in October with Shanghai Newsummit Biopharma to include a license to one of its treatments, for the Chinese market only. Newsummit has agreed to pay...

  • 15 Dec
    09:46
    InnovaDerma in warrants and shares issues

    InnovaDerma has issued warrants to subscribe for up to 120,000 ordinary shares to settle previous contractual commitments. The warrants are exercisable in the period until 14 Dec 2018, at an...

  • 15 Dec
    09:44
    GlaxoSmithKline transfers shares from treasury

    GlaxoSmithKline has transferred 38,600,000 ordinary shares from treasury to BNY Mellon, the depositary of the company's American depositary receipts programme, to procure the issuance and transfer...

  • 15 Dec
    09:41
    HaloSource appoints Nomad and sole broker

    HaloSource has appointed Cantor Fitzgerald Europe as the company's nominated adviser and sole broker with immediate effect. At 9:41am: (LON:HAL) HaloSource share price was 0p at 3p (LON:HALO)...

  • 15 Dec
    09:28
    Plant Impact appoints takeover adviser

    Plant Impact said it had appointed Peel Hunt as an adviser for its strategic review process, which involves inviting takeover bids for the company. The company had announced the review process on...

  • 15 Dec
    09:17
    Mail.Ru Group updates Youla performance

    Russian-based Mail.Ru Group said e-commerce platform Youla is producing 2m Russian rubles in revenue per day, one month after its launch. Story provided by StockMarketWire.com

  • 15 Dec
    09:14
    Man Group buys back shares

    Man Group bought back 160,575 ordinary shares for cancellation yesterday at a weighted average price of 203.7668p apiece under its US$100m share repurchase programme. At 9:14am: (LON:EMG) Man...

  • 15 Dec
    09:13
    Strategic Minerals to buy Australian mine for £1.71m

    Strategic Minerals said it has agreed to acquire the Leigh Creek copper mine in South Australia for A$3m (£1.71m). The renegotiated agreement followed the completion of technical and financial...

  • 15 Dec
    09:09
    Ranger Direct outlines Argon hit to NAV

    Ranger Direct Lending Fund said it would take an additional reserve of $9.1m against its indirect investment in Argon, which declared bankruptcy. The company said it currently expects this...

  • 15 Dec
    09:01
    Baillie Gifford Shin Nippon in equity issue

    Baillie Gifford Shin Nippon issued 70,000 ordinary shares yesterday at 865.00p apiece under its block listing facility. At 9:01am: (LON:BGS) Baillie Gifford Shin Nippon Plc share price was...

  • 15 Dec
    09:01
    Mporium Group inks sales deal

    Mporium Group has agreed to provide technology products to what it said was one of the world's largest performance marketing agencies. The agency, which it didn't name, operates in more than 50...

  • 15 Dec
    08:25
    SDX Energy Morocco well starts producing

    SDX Energy said it has placed a new well into production at the Sebou permit in Morocco. The KSR-15 well was tested at a restricted average flow rate of conventional natural gas into the sales...

  • 15 Dec
    08:23
    BioPharma Credit placing raises $154m

    BioPharma Credit has raised $154m, gross, through an oversubscribed placing of 152,375,471 shares at $1.0114 apiece, discount of around 2.75% on Wednesday's closing price. Chairman Jeremy Sillem...

  • 15 Dec
    08:15
    President Energy boosts Argentina output

    President Energy said it had completed the work-over of two wells in Argentina under budget, helping to increase the associated field's production levels. Two wells at the Puesto Flores field in...

  • 15 Dec
    08:11
    Ortac company finds more gold

    Ortac Resources said Casa Mining, of which it owns a 84.7% stake, has identified significant new gold mineralisation in the Akyanga license area in the Democratic Republic of Congo. As a result,...

  • 15 Dec
    08:06
    HaloSource plans £2.8m fundraising

    HaloSource Inc has announced a proposed fundraising of £2.8m, gross, through a placing of 225,034,812 new common shares to new and existing investors at 1.25p apiece, a discount of 9% to...

  • 15 Dec
    07:50
    Path Investments buys stake in German field

    Path Investments has agreed to acquire a 50% interest in the Alfeld-Elze II producing gas field in Germany from 5P Energy for an initial payment of €5m and possible milestone payments of more than...

  • 15 Dec
    07:41
    Symphony Environmental capital reduction approved

    Symphony Environmental Technologies said the UK High Court has approved its planned capital reduction. The move involves the cancellation of the company's share premium account, as set out on...

  • 15 Dec
    07:31
    Persimmon chairman to stand down

    Home builder Persimmon said chairman Nicholas Wrigley would resign after acknowledging that the company's long-term incentive plan should have been capped. Another director, Jonathan Davie,...

  • 15 Dec
    07:22
    RDI REIT chairman to stand down

    RDI REIT said chairman Greg Clarke will step down during the course of 2018, with the exact timing of his departure determined by the identification of a successor. The real estate investment...

  • 15 Dec
    07:05
    NB Global fund November yield 4.52%

    The NB Global Floating Rate Income Fund said its portfolio yield at the end of November was 4.52% on a net asset value of £96.87. The funds number of investments totaled 377, while the number of...

Shares Magazine

Shares Magazine

Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.

Special offer of 1 month for £1

Investor Events

Investor Events

Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.

Terms & Conditions | Privacy Policy | Cookies