Latest Economic and Market News
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05 Mar
10:02Surface Transforms makes two NED appointmentsBrake disc manufacturer Surface Transforms has appointed Matthew Taylor and Julia Woodhouse to its board as non-executive directors as it plans expansion. Taylor retired from his role as CEO of...
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05 Mar
09:56Sabien Technology names new CFO as it 'gears up for growth'Energy saving technology group Sabien Technology has appointed Edward Sutcliffe as chief financial officer and an executive director as it 'gears up for growth'. Sutcliffe, who has worked as...
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05 Mar
09:51Phoenix Copper announces placing and subscription to raise £16.45m to develop Empire mineMining group Phoenix Copper has raised £16.45 million through a placing and subscription to fund the development of its Empire Mine, with an open offer set to raise a further £1.95 million. The...
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05 Mar
09:49Caerus Mineral Resources to float on London Stock Exchange on 19 MarchExploration and resource development company Caerus Mineral Resources said it intended to list on the London Stock Exchange on 19 March. 'Caerus will provide the market with access to the...
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05 Mar
09:33Xeros Technology proposes placing to raise £8m to accelerate commercialisation of XFiltra technologyTextile services group Xeros Technology has announced a placing to raise £8 million by way of an accelerated bookbuild and an open offer to raise an additional £1 million to fund the...
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05 Mar
09:28Drum Income Plus REIT mulls asset sales amid strategic reviewDrum Income Plus REIT said it was considering its future, including the sale of assets, citing a lack of liquidity and the ongoing challenges owing to the pandemic. Despite the recent optimism...
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05 Mar
09:23Kodal Minerals nears completion of $2.5m funding deal for exploration targets after revising termsMineral exploration and development company Kodal Minerals said it had revised the $2.5 million funding proposal with Riverfort Global Capital as it seeks to wrap up funding needed to advance its...
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05 Mar
09:19SDX Energy secures 10-year extension to West Gharib production services agreement to 2031MENA-focused oil and gas company SDX Energy has received approval for a 10-year extension to its West Gharib production services agreement. It said the Egyptian authorities gave final approval to...
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05 Mar
09:09Trans-Siberian Gold restarts operations at part of Asacha Gold Mine after earlier accident; trading profitablyRussian gold producer Trans-Siberian Gold has received full permitting approvals to restart mining operations at Vein 25 in the East Zone of the Asacha Gold Mine following an accident and said it...
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05 Mar
08:52RBG announces Convex Capital has completed its fourth deal of 2021Professional services group RBG has said its specialist sell-side corporate finance boutique Convex Capital has completed its fourth transaction since 1 January 2021. The group said that since its...
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05 Mar
08:45Rockhopper Exploration given extension of North Falkland Basin licence interests by Falkland Islands GovernmentOil company Rockhopper Exploration has announced that an extension of its North Falkland Basin Petroleum Licences has been agreed. The company said that following discussions between the joint...
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05 Mar
08:27Contango acquires Ntiela gold project in Mali for £750,000Natural resource development company Contango said it had acquired the Ntiela gold project in Mali, for about £750,000. The acquisition consolidates Contango's existing mineralised footprint in...
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05 Mar
08:04Origin Enterprises buys Green-tech to extend Amenity offering in UKAgricultural services group Origin Enterprises has acquired UK-based landscape, forestry and grounds maintenance equipment provider Green-tech. The acquisition, for an undisclosed amount, is...
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05 Mar
07:40Spirent Communications announces acquisition of octoScope to establish it as 'market leader' in the wi-fi spaceTechnology company Spirent Communications has acquired US-based technology company octoScope in a deal that will establish it as the 'wi-fi test leader'. The company has bought octoScope for an...
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05 Mar
07:29HomeServe's Ross Clemmow to take up role as CEO, EMEA on 22 MarchHome repairs and improvements business Homeserve confirmed that Ross Clemmow will take the helm as chief executive, EMEA, on 22 March 2021. He would be appointed as a Director of HomeServe on the...
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05 Mar
07:26Unite extends student rental discount to coincide with end to 'stay-at-home' ruleStudent accommodation provider Unite has announced an additional three-week extension to its 50% rental discount, taking the total discount period for students to 10 weeks to coincide with the end...
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05 Mar
07:14Vivo Energy confirms Douglas Lafferty steps into CFO role as Depraetere steps downAfrica-focused fuel retailer Vivo Energy has confirmed that Douglas Lafferty, chief financial officer designate, has now taken on the role of chief financial officer as Johan Depraetere steps down...
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04 Mar
10:17AB Dynamics completes Vadotech Group acquisition for up to €26mAutomotive services provider AB Dynamics completed the acquisition of Vadotech and Zynit, part of the Vadotech group, for up to €26.0 million. The acquisition provided a 'significantly larger...
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04 Mar
10:14Ediston Property Investment Company sells Tesco store at Prestatyn Shopping Park for £26.5mEdiston Property Investment Company said it had sold the Tesco Superstore, which forms part of Prestatyn Shopping Park, to Supermarket Income REIT, for £26.5 million. The company will retain the...
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04 Mar
10:11Angle flags potential delay in US clearance for Parsotix after FDA issues further information requestLiquid biopsy company Angle said it was likely that US clearance for Parsortix would occur later than initially expected after the company received a request to supply further information from the...
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04 Mar
09:26Galileo Resources sells Star zinc project in Zambia for $750KGalileo Resources said it had entered a conditional agreement with Siege Mining to sell its stake in the Star zinc project for US$750,000. Galileo would also be paid a royalty based on future...
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04 Mar
09:09FTSE 100 falls as companies report lacklustre figures for difficult 2020The FTSE 100 opened down slightly, falling 43.61 points to 6,631.86 as a raft of companies report lacklustre figures for 2020. Insurance company Aviva reported a fall in annual profit owing to...
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04 Mar
09:05Futura Medical signs licensing deal for sale of erectile dysfunction treatment in China, South East AsiaPharmaceutical company Futura Medical said it had entered into a licensing agreement with Pride Century Ventures to allow the latter to exclusively develop and commercialise the company's gel-based...
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04 Mar
08:12Admiral annual profit up 20% as motor claims fall amid lockdownsInsurance company Admiral reported that annual profit rose by a fifth as claims frequency fell as people drove less during lockdowns. For 2020, pre-tax profit rose to £637.6 million from £522.6...
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04 Mar
07:47Entain swings to profit as online growth eases dent from shuttered betting shopsSports-betting group Entain swung to an annual profit as online growth and lower costs offset the impact of shuttered betting shops owing to the pandemic. For the year ended 31 December 2020,...
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04 Mar
07:31Aviva annual profit falls on Covid-19 impact, lower premiums; exits ItalyInsurance company Aviva reported a fall in annual profit owing to the impact of Covid-19 and a fall in gross written premiums. For the year ended 31 December 2020, pre-tax profit fell to £2.57...
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03 Mar
09:59Nostra Terra plans second well with Cypress in TexasOil company Nostra Terra said it was planning to drill a second well with partner Cypress Minerals at the Pine Mills project in East Texas. The well, following one that was put into production in...
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03 Mar
09:57Inspired Energy completes acquisitions of Businesswise Solutions, General Energy ManagementEnergy consulting company Inspired Energy said it had completed the acquisitions of Businesswise Solutions, and General Energy Management to boost its market share for energy assurance services,...
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03 Mar
09:52Smart Metering Systems acquires electricity meters for £8.3mMeter installer Smart Metering Systems said it had agreed to acquire around 15,000 I&C large power electricity meters for £8.3 million. The assets had an average life of 4.6 years and would...
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03 Mar
09:51HeiQ acquires 51% of Belgium-based industrial biotechnology company ChrisalMaterials and textile group HeiQ said it had signed an agreement to acquire 51% of Belgium-based Chrisal N.V., an industrial biotechnology company, for €7.5 million in a cash and shares deal....
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03 Mar
09:48Saint-Gobain invests €40m in a new plasterboard plant in SpainSaint-Gobain said it invested €40 million to construct a new plasterboard manufacturing line in its Quinto plant near Zaragoza , Spain. This line will be operational in 2022 and lead to a...
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03 Mar
09:35International Personal Finance swings to annual loss as pandemic roils home credit businessInternational Personal Finance swung to an annual loss on pandemic-led weakness in its home credit business. For the year ended 31 December 2020, the pre-tax loss was £40.7 million compared with...
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03 Mar
09:34Solid State acquires Willow Technologies for up to £9mComputing and power product manufacturer Solid State said it had acquired electro-mechanical product manufacturer Willow Technologies for up to £9 million. The initial purchase price was £10.0...
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03 Mar
09:19Urban Logistics REIT provides £23m of funding for two UK development sitesLogistics property investor Urban Logistics REIT said it was providing £23.0 million of forward funding for two development sites. Contracts had been exchanged with Wilson Bowden Development,...
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03 Mar
09:12Cambria warns of material hit to annual performance amid lockdown impactAutomotive company Cambria Automobiles said the various lockdown and tiering strategies to curb Covid-19 infections through the important plate change month of March, would have a material impact...
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03 Mar
08:17Beazley's CEO Andrew Horton set to depart for QBE InsuranceInsurance company Beazley said chief executive officer Andrew Horton is set to depart to become the CEO of QBE Insurance in Australia. Adrian Cox has been appointed to replace Horton as CEO...
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03 Mar
08:11Hiscox swings to loss as pandemic-linked claims biteInsurance company Hiscox swung to an annual loss, driven by the impact of event cancellation and business interruption claims owing to the Covid-19 pandemic. For 2020, the company reported a...
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03 Mar
08:04JLEN acquires battery storage projectInfrastructure fund JLEN said it had acquired Gigabox South Road, which held the development rights to construct the West Gourdie project, a 50MW lithium-ion battery energy storage plant based in...
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03 Mar
07:57888 confirms Jonathan Mendelsohn to take up chair role on 31 MarchOnline gambling company 888 said Lord Jonathan Mendelsohn, chair designate, would take up the role of chair on 31st March 2021. Brian Mattingley would remain a member of the board and chair until...
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03 Mar
07:54Playtech appoints Brian Mattingley as chairmanGambling software group Playtech said it had appointed Brian Mattingley as its chairman. Mattingley was currently chairman of rival gambling group 888 and would take up his new role at Playtech on...
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03 Mar
07:49Micro Focus International inks collaboration pact with AmazonEnterprise software company Micro Focus International said it had signed a commercial agreement with Amazon's web services business. The agreement would see the companies 'accelerate the...
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03 Mar
07:29Page profit tumbles 89% as pandemic hits recruitment sectorRecruitment company Page booked an 89% slump in annual profit after the pandemic hit job markets. Pre-tax profit for the year through December tumbled to £15.5 million, down from £144.2 million...
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03 Mar
07:24WPP acquires commerce services group NN4MAdvertising company WPP said it had acquired commerce services group for retailers NN4M, for an undisclosed sum. Edinburgh-based NN4M employed 50 people and worked with brands including...
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03 Mar
07:23AstraZeneca wins US court ruling on Symbicort patent claims against Mylan, KindevaPharmaceutical giant AstraZeneca said a US court had ruled in its favour in a legal case against Mylan Pharmaceuticals and Kindeva Drug Delivery, determining that three of the company's patents...
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03 Mar
07:08Rio Tinto chairman Simon Thompson to stand downMining titan Rio Tinto said chairman Simon Thompson would stand down next year, joining other leaders that have departed the company after it blasted ancient Australian cave sites last year. The...
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02 Mar
10:05Hurricane Energy plans for second well at Lancaster field thrown into doubt amid complex side-track challengesOil and gas company Hurricane Energy said it plans to drill a second production well at the Lancaster development programme was thrown into doubt as the proposed side-track appeared to be more...
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02 Mar
09:57Lookers jumps as UK regulator ends probeShares of Lookers jumped after the UK motor retail and aftersales service company said the UK financial regulator had closed its investigation into the alleged mis-selling of regulated products....
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02 Mar
09:53D4t4 Solutions appoints Nitil Patel as interim CFOData solutions provider D4t4 Solutions said it had appointed Nitil Patel as interim chief financial officer. Patel was previously CFO at Dods Group and Ten Alps (now Zinc Media Group). At...
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02 Mar
09:51Foxtons acquires Douglas & Gordon Estate Agents for £14.25mEstate agency Foxtons said it had acquired Douglas & Gordon Estate Agents for £14.25 million. The acquisition was in line with Foxtons stated strategy of acquiring high quality businesses...
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02 Mar
09:34Man Group funds under management rise to record in 2020 on swing to net inflowsInvestment management company Man Group reported said funds under management rose to a record levels in 2020, following a return to positive net cash flows. For the year ended 31 December, funds...