Latest Economic and Market News

JKX Oil & Gas said results from a new well drilled in the Ignativske field, in Ukraine, 'significantly exceeded expectations'. The well was tested at a rate of 709 barrels per day (bpd) of...

ITV and the BBC signed an agreement to launch BritBox in the UK in the fourth quarter of this year in bid to compete with rival streaming services. BritBox would include a slate of 'the nation's...

Predator Oil & Gas Holdings said chairman Sarah Cope had resigned with immediate effect. She had been replaced on an interim basis by Carl Kindinger. 'We greatly appreciate Sarah's...

Grainger said the proposals calling for the review of the London rental market put forward by London Mayor Sadiq Khan would have 'limited effect' on its business as more than a fifth of its...

LXi REIT said it had acquired six properties for a combined total investment of around £55m. The acquisitions reflected a weighted average net initial acquisition yield of 5.83% and, in...

Biomarker discovery company Oxford BioDynamics said it would present four papers at an upcoming pharmaceutical industry conference in Kuala Lumpur. The papers, which the company said would...

Clinical-stage biopharmaceutical Motif Bio said its market value had slipped below a minimum threshold required for it to be listed on the Nasdaq. The company said it had received a deficiency...

SolGold said it was targeting the addition of more estimated resources following the completion of extra drilling at its Cascabel project in Ecuador. The company said 'large additional tonnage'...

Home repairs company HomeServe said it continued to expect 'strong' growth in the next fiscal year, with trading weighted toward the second half. The company said it expected increased...

Midatech Pharma said it had recorded positive safety results from a human study of an injectible vaccine product for diabetes. The Phase I study assessed the safety of the company's MTX102...

Regional REIT said it had raised £62.5m from a capital raising, exceeding a £50.0m target set in June. New shares in the company were issued at 106.5p each. Stephen Inglis, chief executive of...

Science Group said it had bumped up its shareholding in takeover target Frontier Smart Technologies to 43%. The company said it had bought another 696,233 Frontier shares on Thursday at 35p each....

Spinnaker Opportunities said it had secured an investment commitment for a maximum £1.4m from a single professional investor related to its reverse takeover of medicinal cannabis company Kanabo...

Petro Matad said that drilling had commenced on a new exploration well in Mongolia. The Heron-1 well in the Tamsag Basin was an appraisal of the T19-46 oil field and was being drilled with the DQE...

Pennant International Group said it had acquired safety-critical services provider to the rail sector Track Access Services for £100k. The company said the acquisition was part of its continuing...

Royal Bank of Scotland noted that outgoing chief executive Ross McEwan had been selected to take up the same role at National Australia Bank. McEwan announced in April that he was leaving RBS....

Gambling group GVC said it had reached an agreement to sell its 50% stake in Sportium Apuestas Deportivas to joint venture partner Cirsa S.A. for €70m. The stake in Sportium derived was acquired...

Anglo American said it remained 'broadly' on track to meet its full-year production target despite lowering its diamond production guidance and reporting a fall in iron ore production at its Kumba...

Arc Minerals said further drilling results from its Cheyeza East prospect in Zambia had exceeded its expectations. A new hole intersected 28.5 metres at 1.32% cooper from 18.6 metres. 'Given that...

Asiamet Resources said it had received a key permit for its BKM copper project in Central Kalimantan, Indonesia. The environmental permit, issued by the Provincial Government of Central...

Anglo African Oil & Gas said it had completed a planned fundraising for up to for up to £8.25m. The raising comprised a placing of shares to to Miton Asset Management at 5.2p each, raising...

Investment manager Brooks Macdonald said it had signed an agreement to lease a new office in London for six years. The lease, for an office at 21 Lombard St, would commence in the second half of...

US privately‐owned housing units authorized by building permits in June fell 6.1% compared to May to 1,220,000. The fall missed market expectations of a slight rise to around 1,300,000. Story...

Online gambling group Gaming Realms said it had completed a sale of assets including Bear Group to River iGaming for £11.5m. The company said it had received an initial cash sum of £7.35m, with a...

United Oil & Gas said it had signed a non-binding agreement to sell two North Sea oil blocks to Anasuria Hibiscus UK for up to $5m including milestone payments. The company was awarded blocks...

Mortgage Advice Bureau said it was expanding its proposition into workplace-related mortgage advice. The launch would see the company work together with Charles Cameron & Associates, which was...

Summit Therapeutics said that it had highlighted the potential of its pre-clinical new class antibiotic to treat all gonorrhoea, including multi-drug resistant strains, at the STI & HIV World...

BT Group said it had to sell its global headquarters in London to a fund managed by Orion Capital Managers for £209.6m. The deal included an initial leaseback agreement of 30 months, during which...

Software group Micro Focus International kicked off its share buyback programme with an initial tranche of up to $200m. Citigroup Global Markets would conduct the programme until no later that 23...

Self-care product supplier Venture Life Group said it had launched products with 11 international partners in the first half of 2019. These had included an expansion of its Dentyl brand both...

Warehouse REIT said it had completed two acquisitions in the UK for a combined £5.3m. The acquisitions comprisd a warehouse property in Chorley, Lancashire for £3.6m and an industrial warehouse in...

Premier African Minerals said an order had been given by authorities in Zimbabwe to electrify the RHA tungsten mine, in which it held a 49% interest. The decision came after the company held a...

The UK consumer price remained at 2.0% in June, according to the Office for National Statistics. The market had been expecting CPI to hold steady compared to May. Story provided by...

PPHE Hotel Group welcomed news that Arena Hospitality Group, of which it is the controlling shareholder, had completed a 'major repositioning' of the Arena Kazela campsite in Croatia. Following a...

Vectura Group said it planned to return around £50m to shareholders, potentially by way of a tender offer. The company said the return was currently expected to come in the form of a tender offer,...

PureTech Health said it had acquired a clinical-stage product candidate for the potential treatment of lymphatic and immunofibrotic diseases, including lymphedema. In preclinical studies, the...

Services provider for seniors Saga said it had appointed Jane Storm as its chief people officer. Storm was currently CPO of newspaper and magazine wholesaler Connect Group and had previously...

CLS Holdings said it had unconditionally exchanged contracts to sell Quayside Lodge in Fulham to SMC Fulham for £19m. The sale represented a 14% premium to 31 December 2018 valuation, following...

Reabold Resources welcomed news from partner ADX Energy that it had completed the sale of a 50% interest in the Parta exploration licence to Parta Energy. The buyer would earn its interest through...

Software provider to digital broadcasters Mirada said it had integrated Netflix into its products. The streaming service would be available in the company's Iris multiscreen product and the izzi...

Security services provider Westminster Group said a letter of intent regarding a contract at a container port in Ghana had been extended to allow for a definitive contract to be finalised. Last...

Johnson Matthey left its full-year guidance unchanged, but said performance would be more heavily weighted to the second half amid flat sales in the first quarter of the year. Sales growth in...

Science Group declared its takeover bid for Frontier Smart Technologies Group unconditional after it amassed a 40.8% stake in the target. Science Group said that as Frontier's largest shareholder,...

BHP said it expected to generate 'slightly higher' output in fiscal 2020 after the miner saw group annual copper equivalent production decline amid several unplanned outages and adverse weather....

Alternative asset administration company Sanne Group said a subsidiary had reached a settlement agreement with the Jersey Financial Services Commission that was not expected to have an material...

Rare diseases focused Mereo BioPharma Group said it had appointed Richard Francis as its head of pharmaceutical development. Francis was previously owner and senior director of Francis Biopharma,...

Music equipment company Focusrite said it had acquired professional studio monitor loudspeakers distributor Pro Audio for €18.0m (£16.2m). Pro Audio comprises Berlin-based Adam Audio and its...

Digital marketing company Albert Technologies said it planned to cancel its listing on AIM, sending its shares tumbling. The company said it had scheduled a shareholder meeting on 20 August for a...

Angus Energy said it had appointed Mike Wells as director of its UK operations. Wells had previously worked for Roc Oil to oversee the Saltfeetby gas field in East Lincolnshire, which was...