Latest Economic and Market News

Digital media and technology provider Catenae said its working capital position remained week and that it was in funding talks with a number of parties. The company said it was attempting to...

Smart home group LightwaveRF said it was planning to cancel its shares from trading on AIM. A meeting to vote on the move would be held on 10 February. LightwaveRF also said a strategic review,...

Metal Tiger said it would attain a 20% stake in miner Cobre when it lists on the Australian Securities Exchange around the end of January. Cober confirmed it was planning to list in Sydney in...

Energy storage company RedT energy said it continued to make progress with its planned merger with Avalon Battery. An AIM admission document relating to the merger as expected to be published by...

Payment services provider Mi-Pay said it expected to receive a tax credit of around £0.3m but would nevertheless proceed with cancellation of its shares from AIM. Mi-Pay said it had received...

Summit Therapeutics said chief operating officer David Roblin had resigned, effective at the end of January. He would also relinquish the role of chief medical officer and president of R&D....

Self-care product manufacturer Venture Life said the conditions to complete its up to €6.5m acquisition of PharmaSource had been met and the deal sealed. The acquisition was first announced on 19...

Clean-meat investor Agronomics said it had raised £5.5m via a share issue, which it said was undertaken to satisfy additional investor demand. New shares in the company were issued at 7p each....

Georgian lender TBC Bank said chief risk officer David Chkonia had left at the end of his contract to pursue other career opportunities, triggering a management reshuffle. Deputy chief executive...

88 Energy announced plans to raise a gross A$5m through an equity placement to support ongoing projects and cover any potential shortfall related to the appraisal of the Charlie-1 well. The...

The UK flash manufacturing purchasing managers index rose to 49.8 in December, according to IHS Markit. The market had been expecting a more modest improvement to 48.8. The flash services PMI,...

Water treatment and monitoring group Modern Water said it had raised £1.85m from a heavily-discounted share placing. New shares in the company were issued at 0.5p each, a 60% discount to their...

Black Sea Property confirmed that it had raised about €4.6 and completed its debt-to-equity conversion, but added that the fundraise fell €200K short of its initial target due to partial...

Just Eat and Takeaway.com said they would delay the listing of their enlarged company on the London Stock Exchange by one week after UK competition authorities launched a probe into the merger....

Hansard Global reported a rise in new business in the first half of the year amid good performances in Latin America and the Middle East. For the six months ended 31 December 2019, new business...

Oil and gas producer Columbus Energy said it had made progress on pre-drill preparation at its Saffron well located onshore Trinidad. The company completed the interpretation of cased-hole...

Inland Homes said it had signed a contract with Octavia Housing, a provider of affordable housing, to develop Afrex House, in Alperton, north-west London. The development of this former light...

Educational services group Wey Education said it had appointed Sara de Freitas as executive director of education. De Freitas was most recently pro vice-chancellor (education) and professor of...

Hipgnosis Songs Fund said it had acquired a music catalogue from British songwriter and producer Brian Higgins, for an undisclosed sum. Higgins had produced and co-written more 35 top-10 hits, for...

Cruise port operator Global Ports said its joint venture Creuers Del Port de Barcelona had completed the purchase of Autoridad Portuaria de Malagas's 20% stake in the Malaga cruise port concession...

SQN Asset Finance Income Fund said it would conduct a strategic review of its operations. 'This will be wide-ranging to include the provision of investment management services,' the company said...

Intellectual property investment group Tekcapital said portfolio company Salarius had secured a supply agreement with food ingredient broker Hanks Brokerage. Salarius, which was 97.5% owned by...

Warehouse investor Warehouse REIT said it had entered into a five-year £220m debt facility that would replace an existing £210m loan from HSBC. The refinancing, comprising a £157m term loan and...

Online property portal OnTheMarket said it had signed a listing agreement with house builder Bellway. OnTheMarket said Bellway was the UK's fourth-largest house builder by volume and sold a record...

Medical technology company Smith and Nephew said it had acquired US-based ear tube group Tusker Medical, for an undisclosed sum. Tusker developed systems enabling placement of ear tubes in a...

Mortgage lender Virgin Money said chairman Jim Pettigrew was planning to retire by September 2021. The move was in line with good corporate governance practice, the company said. Virgin Money...

Craneware said it expected to report flat first-half revenue on year even as sales rose over 30%, driven by an increased number of contracts secured as the company worked through the backlog of...

Homebuilder Countryside Properties said it had sold slightly more homes in the first quarter compared to a year earlier, but at roughly unchanged prices. For the 13-week period from 1 October to...

Energy services group Hunting said Peter Rose, finance director, would be retiring at the end of the company's annual general meeting on 15 April. Bruce Ferguson, currently managing director of...

Online fashion retailer ASOS said sales rose in final four months of last year as its efforts to rebuild growth delivered a better-than-expected performance largely driven by the Black Friday...

John Laing said that Olivier Brousse had tendered his resignation from his position as chief executive officer in order to take up a senior position at Veolia. Brousse will remain as CEO of the...

Fuel-cell developer Proton Motor Power Systems said it had received an order from E-Trucks Europe in Lommel, Belgium. The order was for further HyRange 45 hydrogen fuel-cell systems for refuse...

Barclays said it had appointed outgoing BP chief financial officer Brian Gilvary to its board as a non-executive director. Gilvary was retiring from the oil giant on 30 June. At 2:06pm:...

Nostrum Oil & Gas said it had not received any binding offers for the company after commencing a strategic review last June. Nostrum said it continued to work on the review and with adviser...

Hotel investor PPHE Hotel said it had promoted chief operating officer Greg Hegarty to the role of deputy chief executive. The company also prompted general council Inbar Zilberman to the role of...

Europa Metals said it would halt drilling at its Toral lead, zinc and silver project in Spain and instead focus on 'engineering and processing optimisation'. A current drilling campaign would...

Pembridge Resources said a drilling campaign had commenced at its Minto mine in Canada. A total of 53 holes were planned, targeting the identified deposits of Copper Keel West, Copper Keel North,...

Gold miner Goldplat said its operating performance had improved in both South Africa and Ghana in the first half, as it benefited from a higher gold spot price. The company's South African...

Building materials company Breedon confirmed that the UK competition regulator was investigating its proposed £178m acquisition of UK cement assets from Mexico's Cemex. Breedon said it expected to...

Mobile commerce company Bango said chairman David Sear had stood down after nine years in the position. Chief executive Ray Anderson had assumed the role of executive chairman, while Paul Larbey...

Intellectual property-based business IP Group said it had sold part of interest in portfolio company Ceres Power after Bosch had upped its holding in the latter to around 18%, up from around 4%....

Invoicing services provider Tungsten said chief financial officer David Williams would leave 'to pursue other opportunities and challenges'. Williams had agreed to stay at Tungsten for a six-month...

United Oil & Gas said Egyptian assets that it has agreed to acquire from Rockhopper Exploration had continued to flow at promising rates. The ASH-2 well came on stream on 2 January and had...

Minerals explorer Metals Exploration said its two major shareholders had agreed to acquire the rights and obligations of a $68.5m debt facility from lenders HSBC and BNP Paribas. The long stop...

Vaalco Energy said production had been restored at two wells located offshore Gabon. A recent workover restored production from the previously shut-in ETAME 10H and ETAME 4H wells and the...

Natural resources investor Contango said it had raised £1.4m through a conditional equity placing. The company placed 28m shares at 5p a share. Following the completion of the conditional...

Oriole Resources reported positive results from additional field work at its Bibemi gold project in Cameroon. Rock-chip sampling of quartz tourmaline veins were all mineralised, returning up to...

Regency Mines said exploration activities had commenced at its Mambare nickel-cobalt project in Australia. The company said 230 kilometers of line cutting had been completed and a ground...

Ariana Resources said that the sampled areas for its Tavsan gold project in Turkey were higher grade and would support a potential revised mineral resource estimate for the project. 'Some of...