Latest Economic and Market News

Venture capital firm Draper Esprit said it had invested £130 million during the year to date including 8 new, and 6 follow-on, investments. Additional investments of £25 million and £15 million...

Energy services group eEnergy said it had completed the acquisition of UtilityTeam, and 5% of the issued share capital of UtilityTeam Trading Limited not currently owned by UtilityTeam Topco....

Marketing services company S4Capital announced a merger between Zemoga and its new unitary brand Media.Monks. The merger marked a 'significant first step towards building a third practice area...

Thor Mining said that drilling had commenced at the Kapunda copper ISR project in South Australia. EnviroCopper, in which Thor holds a 30% stake, in collaboration with MinEx CRC, is undertaking a...

Gold exploration and development company GoldStone Resources said its plans to bring the Homase mine within its Akrokeri-Homase gold project in Ghana into production suffered a setback amid...

Hostels operator Safestay said it would undertake a review of strategy options including the sale of the company, after receiving a 'very early' stage potential takeover approach. The company...

Exploration company Kavango Resources said it had renewed prospecting licences PL082/2018 and PL083/2018, part of the LVR Project, in the Kalahari copper belt in Botswana. The LVR Project is held...

Solar power renewable energy investment company NextEnergy Solar Fund said formed a £100 million joint venture partnership with Eelpower, a battery storage specialist. The joint venture is...

Faron Pharmaceuticals said updated results from an early-stage trial showed that its cancer drug was well tolerated and had the potential to increase survival in patients with a variety of late...

Diagnostics developer Cizzle Biotechnology said it had entered into a new research agreement with the University of York for the development and validation of molecular tools with potential...

Budget airline Ryanair said it raised its five-year traffic growth forecast from 33% to 50% after shareholders approved the company's post-Covid recovery plans. Barring no adverse Covid...

Professional services business JTC said it had acquired Segue Partners, a fund services provider head-quartered in St. Louis, Missouri, USA. The initial consideration will be settled in cash and...

Online trading brokerage CMC Markets said it had completed the acquisition of Australia and New Zealand Banking Group, or ANZ, share investing client base for AUD$25 million. The transaction...

Oil company PetroTal said it had completed a fourth horizontal well at the Bretana oil field in Peru, boosting output there to a record. PetroTal commenced production of well 8H on 4 September,...

Analytics-as-a-service company Actual Experience said it had appointed current director Kirsten English as its incoming chairman. Stephen Davidson was standing down from the role at the time of...

Cybersecurity group Shearwater said its Brookcourt Solutions business had secured a one-year contract renewal worth around £1.0 million with a British telecommunications and media company. The...

Wealth manager Tatton Asset Management said it had acquired £650 milion of Verbatim funds for up to £5.8 million. The company also announced that it had formed long-term strategic distribution...

The UK consumer price index rose 3.2% in August, from 2.0% in July, according to the Office for National Statistics. The reading was ahead of market expectations of a 2.9% rise. Story provided...

Information systems and transport technical services group Journeo said it had signed a five-year £2.5 million contract with Transdev Airport Services to provide information systems and on-vehicle...

Virtual-reality technology group VR Education posted a first-half loss after rising sales were offset by investment spending. Pre-tax losses for the six months through June amounted to €1.30...

Mining group Tertiary Minerals said it had appointed Patrick Cullen as its managing director, with immediate effect. Cullen was most recently chief executive of Arkle Resources and a previous...

Video games developer Sumo said it had acquired Bristol-based rival Auroch Digital, for at least £6 million. The deal strengthened Sumo's publishing capabilities, adding a further 48 staff and...

Technology investor Hg, manager of HgCapital Trust, said it had made an investment in HHAeXchange, a provider of homecare management solutions for payers, providers, and state Medicaid agencies....

Real-estate investor LondonMetric Property said it had acquired a grocery-led property in South Ruislip, West London, for £18 million. The 41,000 square-foot building, let to Aldi and B&M,...

Mining giant BHP said it has asked long-serving director Malcolm Broomhead to stay on for another year following the retirement of fellow board members Susan Kilsby and Anita Frew. Kilsby was...

Distribution and services group Bunzl said it had agreed to acquire US-based safety business and a medical supplies distributor McCue Corporation, for an undisclosed sum. Boston-based McCue, which...

Supply-chain solutions group Wincanton said it had agreed to acquire Cygnia Logistics from Crescent Capital for up to £23.9 million. Cygnia, founded in 1999, was a British specialist mid-market...

Minerals explorer Oriole Resources said a phase-two drilling programme would commence shortly at its 90%-owned Bibemi gold project in Cameroon. The planned 1,650 metre programme would target a...

Location-data group 1Spatial said it had won a contract worth up to £6.5 million for the UK government's underground cable and pipe mapping project. 1Spatial said it would deliver a significant...

Fertilizer group Salt Lake Potash said it had appointed Isak Buitendag as its chief executive. Buitendag was jointing from Kazzinc, where he was general manager of transformation. Kazzinc was...

Solar-panel developer Verditek said it had secured a grant from the UK government to develop an ultra-lightweight portable solar energy system in Zimbabwe with local partners. The total project...

Diagnostic commercialisation company Diaceutics said it had secured a contract worth more than $0.9 million with a 'global pharmaceutical company' it didn't name. The contract would see Diaceutics...

Shared office space group Workspace said it had appointed Sonal Jain as its head of sustainability. Jain was joining following eight years at JLL, most recently as senior director for...

Bus and train company First Group said it would return £500 million raised from recent asset sales to shareholders via a share buyback. The buyback would take the form of a tender offer, for which...

Marketing analytics group Ascential said it had acquired US content optimisation business OneSpace, for an undisclosed sum. St. Louis-based OneSpace employed 96 staff and served over 60 customers...

Aerospace engineer Rolls-Royce and defence contractor Babcock International said they had agreed to sell their respective holdings in re-fuelling group AirTanker to Equitix Investment Management....

One Media iP Group, the digital music rights acquirer, publisher and distributor, has for a modest consideration exclusively signed a further deal on the composition rights to the music composed...

Oil and gas play Deltic Energy has announced that the acquisition of 3D seismic data over Licence P2428 and surrounding areas has commenced. This follows the recent farm out with Cairn Energy PLC...

Cryptocurrency mining outfit Argo Blockchain has entered into an £18.05 million loan agreement with a maturity date of 29 October 2021 with Galaxy Digital LP, using a portion of the company's...

European logistics property investor Tritax EuroBox has announced that conditional contracts have been entered into to acquire the land for the development of a new high specification and...

Precision measurement specialist Spectris has announced that it is commencing the final tranche of its share repurchase programme for a maximum consideration of up to £200 million. The programme...

Clinical stage biotherapeutics firm PureTech Health has reported that its founded entity, Vor Biopharma, has seen the US Food and Drug Administration grant fast track designation to VOR33. VOR33...

Further to an announcement on 14 May 2021, cinema operator Cineworld has reached agreement with the dissenting shareholders of Regal Entertainment Group with respect to the payment of judgment of...

Open Orphan has announced that its interim results for the six-month period ended 30 June 2021 will be released on Monday, 20 September 2021. Story provided by StockMarketWire.com

Pharma firm AstraZeneca reported positive results from a new asthma treatment it is developing in partnership with Avillion. that positive high-level results from the MANDALA and DENALI Phase III...

Data analytics company Ixico said it had won a $0.5 million contract from a new biopharmaceutical client to support a multiple system atrophy clinical trial. Multiple system atrophy was a rare...

Specialist regeneration developer U+I said the Greenwich Planning Committee has resolved to grant planning permission for the £770 million Morden Wharf project. Mordern Wharf was being developed...

Oil company Zephyr Energy said it had acquired two additional non-operated near-term production portfolios in North Dakota's Williston Basin, for $0.97 million. The company also announced that it...

West Africa focused miner Cora Gold said it had signed a $25 million mandate and term sheet with investment Lionhead Capital Advisors to fund the development of its flagship Sanankoro project in...