Latest Economic and Market News

Investment company Western Selection said it had purchased additional shares in energy and building services company Bilby, raising its stake to around 10.8%. The company had purchased around 3.6m...

Integumen said it had achieved successful results from a three-year research project involving remote automated water test technology using artificial intelligence. The trail was conducted by a...

Creo Medical said the first mentored, in-human use of its Speedboat surgical device had taken place in India. This event followed on from a framework distribution agreement the company signed with...

Bluejay Mining said it had raised £11.5m from a share issue to fund continued progress on its projects in Greenland and Finland. New shares in the company were issued at 10p each. At 1:43pm:...

Bahamas Petroleum said it had made continued progress toward drilling its first exploration well in the Bahamas in 2020. A master service agreement had been signed with BakerHughes GE, the company...

Hormonal diseases focused Diurnal said it achieved positive headline results from proof-of-concept clinical trial for its oral testosterone formulation. This study evaluated the pharmacokinetics,...

Proton system for cancer treatment developer Advanced Oncotherapy launched a £2.7m shar issue to fund verification and validation activity to obtain regulatory approval for its technology. New...

Amphion Innovations said it had become a cash shell after the lender of its loan facility sold its holding in medical imaging company Polarean Imaging for $2.6m. Under UK listing rules, the...

Satellite company Inmarsat said it had presented evidence to a law firm representing some shareholders concerned about its £2.6bn takeover by a consortium comprising Apax, Warburg Pincus and...

European Metals said it had agreed to sell a 51% stake in its Cinovec project for about €34m to Czech-based power utility CEZ. European Metals chief executive Keith Coughlan said the deal would...

Computer vision technology company Seeing Machines said it welcomed findings from a US regulator that driver monitoring technology was key to enhanced safety on roads. The National Transportation...

Distributed computing group WANdisco said it had secured a contract with African IT company Micro-D. The distributor agreement would initially see the company'sFusion platform deployed across...

Oriole Resources said partner IamGold was preparing to restart work at the Dalafin gold project in Senegal following seasonal rains. IamGold had an option to spend up to $8m to earn a 70% interest...

Real estate group Grit Real Estate Income said it had entered a sale and purchase agreement with Botswana Development Corporation to increase its stake in Letlole La Rona to 30% from 6.25% for...

Metal Tiger said it had amended an agreement with Cobre that would allow the latter to increase the size of its IPO in Australia to A$10m. Metal Tiger said it would now be issued with an...

Dublin-based agribusiness Origin Enterprises said its revenue had fallen 14% in the first quarter amid a slower start to the year than usual. Revenue for the three months through September fell to...

Tertiary Minerals said it had secured an investment of up to £622k by way of convertible securities. The funding was provided by US-based Bergen Global Opportunity Fund. The company said the...

Deltex Medical said it had appointed David Moorhouse as finance director with immediate effect. Moorhouse had been overseeing the finance function at DEMG on an interim basis since 7 October...

Management Resource Solutions said administrators of two its subsidiaries had not accepted proposals from the company that would have saved jobs and would now move forward with other interested...

Genus said that Alison Henriksen had been appointed as chief financial officer with effect from 13 January. Henriksen was currently CFO of V. Group, a ship management group based in the UK. At...

One Media IP said it had appointed Claire Blunt as a new director of the company and its chair-designate. Blunt was currently chief operating officer and chief financial officer of Hearst UK. The...

Clinical-stage pharmaceutical company Verseon said it planned to cancel the trading of its shares on London's AIM market. The move was subject to shareholder approval at a meeting convened for 6...

President Energy said it had completed the acquisition of the Angostura exploration contract in Rio Negro province, Argentina from Compania General De Combustible. The company had also completed...

Immunotherapy developer for the treatment of cancer Scancell said the European Patent Office has announced an intention to grant the company's application for a European patent for its modified...

Insurance company Aviva said it had streamlined its business to include five operations and reiterated that talks were underway to sell its Vietnam unit and a joint venture stake in Indonesia. The...

Airport and railway focused retailer SSP said it would return up to £100m to its shareholders through a share buyback. The company also announced a 7.8% rise in annual profit for the year through...

Oil service company Petrofrac said it had agreed to acquire US onshore operations and maintenance specialist W&W Energy Services for an initial $22m plus performance-based payments. The...

Xtract Resources said a contract had been signed for the commencement of drilling at its copper-gold-silver exploration projects in Zambia. A site visit to the Matrix project confirmed the...

US privately‐owned housing units authorized by building permits rose 5.0% in October on-month to a seasonally adjusted annual rate of 1.46m, according to the Census Bureau. The market had been...

Columbus Energy said it had appointed Tony Hawkins as new chief executive, with immediate effect. Leo Koot remained as executive chairman and would continue to work alongside Hawkins on a...

Arc Minerals said it had agreed an option to sell its Sturec gold project in Slovakia to Australia's MetalsTech for up to $8m. The option was exercisable by MetalsTech at any time during the...

Online baking and payments group Equals said it had acquired payments services provider Casco Financial Services for up to £3.7m. The acquisition price included an initial payment of £1.7mm with...

Cora Gold said a drilling programme had commenced its Sanankoro gold discovery in Mali and was due to be completed during the fourth quarter of 2020. The effort was designed to further investigate...

Insulation supplier to the auto sector Autins said that James Larner had decided to resign as chief financial officer, effective at the end of the year. The company said it had commenced a formal...

Europa Metals said it had commenced drilling at its Toral lead-zinc-silver project in north west Spain. The campaign would initially focus on a target area to the west of the current indicated...

Mobeus Income & Growth VCT said it would raise an additional £5m from a share issue after receiving strong demand from investors. The company had planned to raise £10m in the current tax year...

Defence contractor Cobham noted that the UK government was 'minded to accept' conditions offered up by takeover suitor Advent to gain approval for the £4bn deal. Shareholders had approved the...

Rio Tinto noted that a non-government organisation had filed a lawsuit in Mongolia claiming that due process was not followed by the government in approving the Oyu Tolgoi copper mine. The lawsuit...

ITM Power said it had signed a collaboration agreement with Iwatani Corporation of America to supply multi-megawatt electrolyser-based hydrogen energy systems in North America. The collaboration...

Kcell said it had appointed Hikmatulla Nasritdinhodjaev as chief commercial officer, effective from 18 November. The company also voted to approve the quantitative composition of the board in...

Peru-focused oil company PetroTal reported a rise in third-quarter production but also revealed that it had over-stated the size of its cash holdings. The company said its cash and cash...

Grainger said it had submitted a planning application to develop land on Besson Street at New Cross Gate in London. The proposed build-to-rent development would be owned in a equal joint venture...

Flexible generation company Plutus Powergen said it had stopped receiving management fees from its six generation assets amid the termination of a management contract with Attune Energy. The...

Drax Capital detailed plans to boost biomass self-supply capacity to 5m tonnes by 2027 in an effort to reduce costs and supply-chain risks as well as its carbon footfront. The savings would be...

Oriole Resources welcomed news that Thani Stratex Resources, of which it owned 26.1%, had struck an agreement to fund an exploration campaign in Djibouti. Thani Stratex had reached the funding...

Nostra Terra Oil & Gas said it had agreed to exit its 50% holding in an Egyptian project by transferring the stake to operator North Petroleum International. The transfer would be struck with...

Redx Pharma said that it and partner Medicines Discovery Catapult had been awarded UK government grant funding to cover the development of a panel of translational biomarkers. The biomarkers would...

Hammerson said it had exchanged contracts to sell St Oswald's retail park in Gloucester to a local authority for £54m. The sale price reflected a net initial yield of 8.5%, but was 8% below the...

Stirling Industries said it would cancel its shares from trading next month, subject to shareholder approval. The company said it had failed to secure funding to enable a planned acquisition of...