Economic and Market News for 23 January 2018

  • 23 Jan
    14:59
    Albert Technologies appoints executive

    Albert Technologies has appointed Mao Keo as its global vice-president for alliances and channel development. Keo previously worked at Adobe, where for over two years she handled international...

  • 23 Jan
    14:54
    Castleton Technology wins two contracts

    Software provider Castleton Technology has been awarded two contracts with a combined value of £1.2m. The first is a 10-year contract with social housing provider Circle VHA, Ireland. The second...

  • 23 Jan
    13:54
    Base Resources completes Madagascar acquisition

    Base Resources said it had completed its acquisition of Toliara sands project in Madagascar. An initial payment of $75m has given Base Resources an 85% stake in the project. The company plans to...

  • 23 Jan
    13:41
    Legendary Invest company forms UK partnership

    Legendary Invest said investee company Virtualstock had formed a partnership with UK logistics group Wincanton. The arrangement would see Wincanton use Virtualstock's digital supply-chain...

  • 23 Jan
    13:30
    Newbury Racecourse appoints new director

    Newbury Racecourse has appointed Matthew Thompson as non-executive director, with immediate effect. Thompson is currently managing director of services for Mitie Group, a business supplying...

  • 23 Jan
    13:28
    Metal Tiger invests in Thor Mining

    Thor Mining said Metal Tiger would invest a further £300,000 in the company, with the proceeds to be applied to the advancement of key Thor projects including Molyhil, Pilot Mountain and Kapunda...

  • 23 Jan
    13:24
    ReNeuron shareholders approval capital re-organisation

    ReNeuron Group said shareholders had approved a re-organisation of its share capital at a general meeting. All shareholders would now receive one new consolidated ordinary share for for every 100...

  • 23 Jan
    13:18
    Greene King confirms CFO appointment

    Greene King confirmed that Richard Smothers would formally join the company as chief financial officer on February 1. As previously announced, current CFO Kirk Davis would leave on January 31....

  • 23 Jan
    13:16
    Smith & Nephew issues US tax rate guidance

    Smith & Nephew said it expected to incur a corporate tax rate in the US in the range of 20%-to-21% following changes to country's tax regime. That would market a reduction of four-to-five...

  • 23 Jan
    10:01
    Prince Private Equity notes Trimco sale

    Princess Private Equity said its investment advisor Partners Group had agreed to sell Trimco International, a Hong Kong-headquartered apparel-labelling producer, for $520m The company would be...

  • 23 Jan
    09:49
    Metal Tiger trims Kingsgate stake

    Metal Tiger said it had sold part of its holding in Australian-based mining company Kingsgate Consolidated, generating gross proceeds of A$2.7m (£1.5m). The share sale brought Metal Tiger's...

  • 23 Jan
    09:44
    Oncimmune forges Turkey distribution agreement

    Cancer-detection company Oncimmune said it had signed a new distribution agreement for Turkey. The deal brought the total number of agreements in Europe and the Asia Pacific region to 12, with...

  • 23 Jan
    09:40
    Plant Impact inks R&D collaboration pact

    Plant Impact said it had signed an R&D collaboration agreement with VIB, a life sciences research institute in Belgium. The collaboration was focused on furthering research into VIB891, a...

  • 23 Jan
    09:35
    UK December public sector net borrowing £2.6bn

    UK public sector net borrowing, excluding public sector banks, decreased by £2.5bn to £2.6bn in December 2017 on-year, according to the Office for National Statistics. Story provided by...

  • 23 Jan
    09:28
    Tlou Energy completes Botswana seismic survey

    Tlou Energy said a seismic survey completed across the Lesedi and Mamba project areas in Botswana had generated "data of excellent quality". Survey data was being integrated with existing data...

  • 23 Jan
    09:15
    SDX Energy discovery more gas in Morocco

    SDX Energy said it had made a gas discovery at a well in Morocco. The ONZ-7 well was drilled to a total depth of 1,167 meters with 5 meters of net conventional natural gas pay in the Hoot...

  • 23 Jan
    09:12
    OptiBiotix reports successful taste study results

    OptiBiotix Health said results form human a taste study testing its anti-obesity products were successful. "The results of this independent study provide proof of product concept for natural, low...

  • 23 Jan
    08:52
    Genel gets extension on Kurdistan gas fields

    Genel Energy has announced that it has agreed with the Kurdistan Regional Government (KRG) a 12 month extension to the schedule for satisfying the conditions precedent (CPs) contained within the...

  • 23 Jan
    08:30
    Sound Energy chairman stands down

    Sound Energy said chairman Stephen Whyte had stood down to spend more time on directorships he held at other companies. He has been replaced by current non-executive director Richard Liddell, the...

  • 23 Jan
    08:27
    Mirriad Advertising confirms Chinese investment in company

    Mirriad Advertising confirmed that Jinhua Puhua Tianqin Equity Investment Fund Partnership had agreed to buy a stake in the company. The Chinese group had subscribed for 3,225,806 new ordinary...

  • 23 Jan
    08:24
    Superdry CFO to resign

    Superdry said chief executive Nick Wharton had decided to retire to "pursue a plural career". He would be succeeded by Ed Barker, currently the fashion retailer's director of group finance and...

  • 23 Jan
    08:21
    Starcom completes share placement

    Starcom said it had raised £315,000 from a share placement to provide working capital and meet demand for its products. New shares in the company were issued at 2.25p each. At 8:21am:...

  • 23 Jan
    08:19
    Venn Life Sciences buys out French partner

    Venn Life Sciences Holdings has agreed to acquire the 11% of Venn Life Sciences France that it doesn't already own from Christian Le Bras for €34,330. At 8:19am: (LON:VENN) Venn Life Sciences...

  • 23 Jan
    08:16
    Phoenix Global encouraged by cobalt sample results

    Phoenix Global Mining said samples taken from its Redcastle and Bighorn cobalt exploration properties in Idaho all showed mineralisation levels above detection limits. Mineralisation levels from...

  • 23 Jan
    08:12
    WH Ireland completes share placing

    WH Ireland Group said it had raised £2.4m from a share placement to help meet its regulatory capital requirements. New shares in the company were issued at 120p each. At 8:12am: (LON:WHI) W.H....

  • 23 Jan
    08:09
    Origin Enterprises acquires Pillaert-Mekoson Group

    Origin Enterprises has acquired Belgian-based fertiliser provider Pillaert-Mekoson Group for undisclosed sum. Pillaert-Mekoson's turnover in the 2017 financial year was €35m, while its...

  • 23 Jan
    08:06
    Metals Exploration boosts Philippines gold output

    Metals Exploration said it poured 24% more gold at its Runruno gold-molybdenum project in the Philippines in the fourth quarter compared to the third. The company said the operation poured 11,236...

  • 23 Jan
    08:01
    Pantheon International December NAV +0.1%

    Pantheon International said its net asset value per share rose by 0.1% in December compared to November. Gains from investment income, share buybacks and foreign exchange movements were offset by...

  • 23 Jan
    07:56
    National Grid "very disappointed" with Ofgem Hinkley consultation

    National Grid said it was "very disappointed" by the UK energy regulator Ofgem's costing and pricing model for the Hinkley-Seabank transmission project. The project is intended to allow for the...

  • 23 Jan
    07:47
    Sky notes regulator concerns about bid by 21st Century Fox

    Sky has noted a provisional finding by the UK's Competition and Markets Authority that a proposed acquisition of the television broadcaster by 21st Century Fox could be against the public interest...

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