Economic and Market News for 17 January 2018

  • 17 Jan
    15:00
    Empyrean Energy says US well starts producing

    Empyrean Energy said production and sales had commenced at a gas well in California's Sacramento Basin. Empyrean has a 30% working interest in the Dempsey 1-15 well, which was flowing gas at a...

  • 17 Jan
    14:32
    CML Microsystems to present in London

    Semiconductor manufacturer CML Microsystems said it would be exhibiting at the Growth & Innovation Forum on January 30 in Islington, London. The forum is a one-day conference and exhibition,...

  • 17 Jan
    14:18
    US December industrial production +0.9%

    US industrial production rose 0.9% in December even though manufacturing output only edged up 0.1%, according to the US Federal Reserve. The market had expected industrial production to rise...

  • 17 Jan
    14:00
    Vela Technologies increases BTL stake

    Vela Technologies bumped up its holding in blockchain solutions provider BTL Group to 2.91%. It increased its stake by exercising its remaining 25,000 warrants in BTL at a price of C$3.25 per...

  • 17 Jan
    13:56
    STM Group appoints third-party investigator

    STM Group said authorities in Gibraltar had agreed to allow a third party to review certain aspects of its business, rather than send in their own government inspectors. The development meant that...

  • 17 Jan
    13:33
    Derwent London handed new tube site

    Derwent London said that Crossrail had completed base infrastructure works at Soho Place and handed over the Elizabeth tube-line site to the developer. It was the first Crossrail site to be...

  • 17 Jan
    13:27
    UPDATE: Melrose goes hostile in bid for GKN

    Melrose Industries went hostile in its £7.4bn takeover offer for engineering group GKN after meeting with the target's shareholders. GKN shareholders would be offered 1.49 new Melrose Shares and...

  • 17 Jan
    13:18
    Premier Oil reduces debt

    Premier Oil said a significant majority of convertible bond holders had accepted an invitation to exchange their holdings into shares in the company. Some 87.5%, or $205.79 million of the $235.2...

  • 17 Jan
    13:11
    Rolls-Royce to restructure business

    Rolls-Royce said it would undertake a sweeping restructure of its business that would involve the evaluation of strategic options for its commercial marine operation. The restructure would also...

  • 17 Jan
    09:41
    OptiBiotix Health to present in Barcelona

    OptiBiotix Health said it had an abstract accepted for presentation at ProBiota 2018 in Barcelona from February 7 to 9. ProBiota is an annual event for the global prebiotic, probiotic and...

  • 17 Jan
    09:39
    Sula now trading as African Battery Metals

    African Battery Metals - formerly Sula Iron & Gold - has started trading under its new name and TIDM, 'ABM'. The company said its new website www.abmplc.com and Twitter page @africanbattery...

  • 17 Jan
    09:37
    Oxford BioMedica notes treatment priority review

    Oxford BioMedica noted an announcement by Novartis that its Kymriah cancer treatment had received a priority review from US and European regulators. Oxford BioMedica is the sole manufacturer of...

  • 17 Jan
    09:37
    Cineworld rights issue to raise £1.7bn (Correction)

    Cineworld is raising £1.7bn through a four-for-one rights issue to part fund the proposed acquisition of Regal Entertainment Group. Cineworld announced the proposed acquisition on 5 Dec at a price...

  • 17 Jan
    09:28
    NB Private Equity declares dividend

    NB Private Equity Partners declared a first 2018 semi-annual dividend payment of $0.25 per share. On an annualised basis, the dividend payment represented a dividend yield of 3.5% based on the...

  • 17 Jan
    09:16
    Veltyco Group acquires interest in Varkasso

    Veltyco Group has agreed to acquire a 51% interest in Varkasso, a company that has the exclusive rights to use the 8Crypt crypto wallet solutions platform, for €300k. 8Crypt enables users to...

  • 17 Jan
    09:15
    Diageo buys back shares

    Diageo bought back 399,981 ordinary shares yesterday at the volume weighted average price of 2,613.58p apiece for cancellation. At 9:15am: (LON:DGE) Diageo PLC share price was +8.25p at 2609.75p...

  • 17 Jan
    09:13
    PetroNeft takes out short loan

    PetroNeft said it had agreed to take out a $2m loan facility with Swedish company Petrogrand, maturing 31 December 2018. The loan would be used for general corporate purposes and to finance a...

  • 17 Jan
    09:01
    British Land buys back shares

    British Land Co bought back 344,200 ordinary shares yesterday at the volume weighted average price of 680.82p apiece for cancellation. At 9:01am: (LON:BLND) British Land Co PLC share price was...

  • 17 Jan
    08:48
    Melrose goes hostile in bid for GKN

    Melrose Industries went hostile in its £7.4bn takeover offer for engineering group GKN after meeting with the target's shareholders. GKN shareholders would be offered 1.49 new Melrose Shares and...

  • 17 Jan
    08:48
    Fundsmith Emerging Equities in equity issue

    Fundsmith Emerging Equities Trust issued 150,000 new ordinary shares yesterday at 1,270p apiece under its block listing authority. At 8:48am: (LON:FEET) Fundsmith Emerging Equities Trust Plc Ord...

  • 17 Jan
    08:34
    JPMorgan Income & Capital declares dividend

    JPMorgan Income & Capital Trust's board has declared a fourth interim dividend of 2.00p per ordinary share for the year ending 28 Feb. The dividend will be paid on 23 Feb to holders of...

  • 17 Jan
    08:17
    Acacia completes sale of non-core royalty

    Acacia has completed the previously announced sale of an existing 2% net smelter royalty over the Hounde mine in Burkina Faso for total consideration of US$45m. At 8:17am: (LON:ACA) Acacia Mining...

  • 17 Jan
    08:07
    XLMedia raises £31.7m from share issue

    XLMedia said it had raised around £31.7m from a share issue, allowing it to consider acquisition opportunities. New shares were issued at 198p each and represented about 7.8% of the company....

  • 17 Jan
    08:03
    Zoltav advances Russia project study

    Russia-focused oil and gas company Zoltav said it expected to complete by the end of March a final interpretation report for 180 square kilometers of 3D seismic acquired last year at the Bortovoy...

  • 17 Jan
    07:53
    Zenith Energy starts work on Azerbaijan well

    Zenith Energy said it it had started work on a well as part of rehabilitation operations at the Zardab field in Azerbaijan. The high-impact workover of well Z-21 began on the evening of January...

  • 17 Jan
    07:32
    Cineworld rights issue to raise £1.7bn

    Cineworld is raising £1.7bn through a four-for-one rights issue to part fund the proposed acquisition of Regal Entertainment Group. Cineworld announced the proposed acquisition on 5 Dec at a price...

  • 17 Jan
    07:12
    UBM agrees to Informa takeover bid

    Events organiser UBM has agreed to be acquired by rival Informa by way of a cash and shares deal. UBM shareholders would receive 1.083 Informa Shares and 163p in cash for each of their UBM...

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