Latest Economic and Market News
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18 Jan
15:15Origin Enterprises to host remote EGM with proxy votingAgricultural services group Origin Enterprises has announced its extraordinary general meeting (EGM) on 28 January 2021 will be held under 'constrained circumstances' due to Covid-19. At the EGM,...
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18 Jan
15:03Strix signs contract with Chia Tai for HaloPure technologyKettle safety controls company Strix announced it has signed a contract with livestock company Chia Tai to adopt its HaloPure technology at one of its pig farms in China. It reported that its...
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18 Jan
14:28One Media iP announces chairman takes additional roles at Guardian Media GroupDigital music rights investor One Media iP has announced that non-executive chairman Claire Blunt has been appointed chief advertising officer and chief executive officer international at the...
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18 Jan
14:13HgCapital Trust invests in TeamSystemSoftware investor HgCapital Trust has announced an investment in TeamSystem, an Italian provider of ERP and business management software to SMEs and professionals. Hg, the manager of HgCapital...
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18 Jan
13:44Xtract Resources announces 'encouraging' developments at Bushranger drilling projectMining group Xtract Resources has announced that copper mineralization has been recorded 160m past the planned finishing depth at the Racecourse Mineral Resource site on the Bushranger copper-gold...
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18 Jan
13:33Keywords Studios hires chief operating officerVideo games services provider Keywords Studios has appointed Sonia Lashand Sedler as chief operating officer with effect from 18 January 2021. In this new board position which reports to CEO...
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18 Jan
09:54Argo raises £22.4 million via placing to fund expansionCryptocurrency miner Argo detailed plans to raise £22.4 million through the placing of 28 million shares. The net proceeds of the private placement would be used by the company for working capital...
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18 Jan
09:34Blencowe Resources raises £0.5m in oversubscribed equity placingNatural resources company Blencowe Resources said it had raised £0.5 million in an oversubscribed equity placing at 8 pence per share. Placees had also received an attaching half-warrant to...
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18 Jan
09:33Westmount Energy ups stake in JHI Associates to 7.7%Oil company Westmount Energy said it had upped its stake in JHI Associates to around 7.7%. The company had acquired another 287,500 JHI shares for C$718,750 (£415,236). JHI was a private,...
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18 Jan
09:28Salt Lake Potash says Lake Way project in Australia 81% completeFertilizer producer Salt Lake Potash said its Lake Way project at Wiluna in Western Australia was 81% complete at the end of December. Major items now installed included sulphate-of-potash and...
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18 Jan
09:07IronRidge Resources confirms new drill targets at Zaranou gold project amid high-grade drill intersectionsMinerals exploration company IronRidge said it had made multiple high-grade drill intersections that confirmed new gold targets at its Zaranou mine in the Ivory Coast. At 9:07am: (LON:IRR)...
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18 Jan
08:55Mosman Oil and Gas completes sale of Welch project in TexasOil company Mosman Oil and Gas said it had completed the sale of the Welch project in Texas for $0.42 million. The sale was completed with full settlement in cash received on 15 January. At...
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18 Jan
08:54Europa Metals says drilling underway at Toral project in SpainZinc and silver developer Europa Metals said drilling had now commenced at its Toral lead, zinc and silver project situated in the region of Castilla y Leon, north-west Spain. The first phase of...
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18 Jan
08:51AEX Gold expects to deliver exploration plan for 2021 in coming weeksGold company AEX Gold said it would deliver its upcoming exploration plan for 2021 in South Greenland, in the coming weeks. The company said it was currently finalising the contractual terms with...
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18 Jan
08:46Bank of Cyprus to sell additional portfolio of non performing loans to PIMCOBank of Cyprus said it had reached agreement with funds affiliated with Pacific Investment Management Company, to sell an additional portfolio of non performing loans with a gross book value of...
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18 Jan
08:44Pensana Rare Earths to delist from Australian Securities ExchangeMining group Pensana Rare Earths said it planned to delist its shares from the Australian Securities Exchange. The company said it would maintain its primary listing in London. At 8:44am:...
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18 Jan
08:43James Cropper's Technical Fibre Products to acquire PV3 TechnologiesMaterials and paper products group James Cropper said its subsidiary Technical Fibre Products had agreed to acquire PV3 Technologies, a company specialising in the development and manufacture of...
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18 Jan
08:31Begbies Traynor acquires CVR Global for up to £20.8mBusiness rescue and recovery specialist Begbies Traynor said it had completed the acquisition of CVR Global for up to £20.8 million. CVR's specialisms included restructuring, financial distress,...
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18 Jan
08:24Andrews Sykes' Paul Wood takes leave of absence as MD due to ill healthSpecialist hire company Andrews Sykes said Paul Wood, managing director, would be taking a leave of absence due to ill health. Carl Webb, the managing director of the company's UK businesses,...
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18 Jan
08:17Beximco Pharmaceuticals appoints Ibraheem Hosein Khan as independent directorGeneric pharmaceutical company Beximco Pharmaceuticals said it had appointed Dr. Md. Ibraheem Hosein Khan as an independent director of the company. Dr. Khan would replace Shah Monjurul Hoque who...
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18 Jan
08:15Equiniti in talks to sell EQiSupport services group Equiniti confirmed it was in discussions to sell its direct-to-consumer business EQi. Negotiations were ongoing and remained subject to commercial, operational and...
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18 Jan
07:53CPP upgrades earnings outlook following stronger recovery in IndiaFinancial product and services company CPP upgraded its core earnings guidance following a stronger-than-expected recovery in India. For the year ended 31 December 2020, earnings before interest,...
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18 Jan
07:50Rutherford Health says may raise equity in first quarterCancer care group Rutherford Health said it expected to raise funding by the end of March, either through a debt refinancing, sale and leaseback agreements or an equity raising. 'The company is...
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18 Jan
07:43Remote Monitored Systems appoints Alex Vergopoulos as exec; advances mask plansSurvey and inspection services group Remote Monitored Systems said it had appointed Alex Vergopoulos as an executive director, while it advances plans to produce protective masks. Vergopoulos had...
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18 Jan
07:39Calisen sets long stop date of 30 September for £1.43bn sale to consortiumEnergy company Calisen set an expected long stop date of 30 September for the sale of the company to a private consortium. The company also said court meeting and shareholder vote on the sale...
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18 Jan
07:36Tertiary Minerals stakes claims over Nevada copper exploration projectMining group Tertiary Minerals said it had staked claims over a new copper exploration project at Brunton Pass, Nevada. The company said 24 mining claims had been staked with copper mineralisation...
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18 Jan
07:33Velocys says Shell has withdrawn from Altalto aviation fuels ventureAlternative fuel group Velocys said Shell had withdrawn from a joint venture formed to develop sustainable aviation fuel. Velocys said it would continued to work with British Airways, the other...
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18 Jan
07:28Union Jack Oil to acquire another 15% of Biscathorpe projectOil company Union Jack Oil said it had agreed to acquire a further 15% economic interest in a UK permit containing the Biscathorpe project from Humber Oil & Gas. The deal would see Union Jack...
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18 Jan
07:26Centrica CFO Johnathan Ford stands downBritish gas parent company Centrica said Johnathan Ford would step down as chief financial officer for personal reasons on 31 January. Kate Ringrose had been appointed as his replacement, with...
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18 Jan
07:24LXi REIT lifts quarterly dividend following 'robust' rent collection in Q1Real estate investment trust LXi REIT lifted its quarterly dividend guidance after reporting 'robust' rent collection for the first quarter to date. The dividend target had increased to to 1.46p...
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18 Jan
07:16Medica medical director Stephen Davies to retireTeleradiology services provider Medica said medical director Stephen Davies had decided to retire and would stand down at the end of May. He would be succeeded by current clinical director Robert...
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18 Jan
07:13PureTech Health company Vor Biopharma registers for US listingHealthcare company investor PureTech Health said founded entity Vor Biopharma had filed a registration statement related to a proposed initial public offering in the US. The number of shares to be...
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18 Jan
07:11AstraZeneca, Daiichi Sankyo gastric cancer drug wins approval in USPharmaceutical giants AstraZeneca and Daiichi Sankyo said their gastric cancer drug had been approved in the US. The approval of enhertu by the Food and Drug Administration was based on positive...
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18 Jan
07:10Serinus Energy starts drilling gas well in RomaniaOil company Serinus Energy said it had started drilling the Moftinu-1008 well in Romania. Moftinu-1008 was planned to be drilled to a total depth of 1,000 metres and expected to penetrate five...
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15 Jan
09:46Osirium Technologies expects revenue to be in line with market expectationsCloud-based cybersecurity software vendor Osirium Technologies said revenue for the 12 months to 31 December 2020 in line with market expectations at £1.4 million. Cash balances as at 31 December...
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15 Jan
09:33Edenville Energy reaches revised repayment terms with Lind Partners; launches £900K equity placingEdenville Energy said it had reached an agreement on revised terms for the repayment of $580,000 with its shareholder Lind Partners. Under the revised terms, the company will pay Lind US$116,000...
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15 Jan
09:22Bluejay Mining says Enonkoski project JV with Rio Tinto gets underwayExploration and development company Bluejay Mining said exploration activity at the Enonkoski joint-venture project with Rio Tinto got underway after the remaining conditions to kick off operations...
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15 Jan
09:21Serabi Gold reports slight increase in fourth quarter gold productionSerabi Gold reported fourth quarter gold production of 7,254 ounces, a small improvement on the third quarter, resulting in an annual total of 32,003 ounces. The Brazilian focused gold mining and...
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15 Jan
07:57Urban Logistics makes £16m acquisition and posts rent updateUrban Logistics has acquired an off-market a logistics site in Bromborough, Wirral for £16.3 million at a 5.0% NIY, as part of the deployment of capital raised from the company's recent...
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15 Jan
07:48Meggitt expects 2020 results to be in line with guidanceMeggitt said it expects to deliver full year results for the group in line with guidance and that with the vaccine rollout it remains well placed for a recovery in 2021. The UK supplier of...
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15 Jan
07:38British American Tobacco says Serious Fraud Office ends corruption probeTobacco giant British American Tobacco said the Serious Fraud Office had ended its probe into suspicions of corruption activity carried out by the company. The SFO would not be taking no...
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15 Jan
07:26TRIG acquires interest in offshore windfarmThe Renewables Infrastructure Group Limited (TRIG) said it has exchanged contracts to acquire an equity interest of 17.5% in the Beatrice offshore wind farm from Copenhagen Infrastructure Partners....
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15 Jan
07:21Hammerson's CFO James Lenton to step downShopping centre owner Hammerson said that James Lenton would step down as chief financial officer. 'The board has commenced a search for his successor and James [Lenton] will continue as chief...
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15 Jan
07:17AstraZeneca non-small cell lung cancer drug wins approval for new dosing in EUPharmaceutical giant AstraZeneca said its non-small cell lung cancer drug Imfinzi had been approved in the European Union and the UK for an additional dosing option. The approval from the...
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15 Jan
07:09Segro reports strong rent collectionProperty group Segro said it had collected 98% of all rents for the year ending 31 December 2020. As at 14 January, the company had received 88% of the £63 million of rent due in respect of UK...
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14 Jan
10:00Network International revenue ahead of guidanceDigital commerce company Network International Holdings said that revenue for 2020 was ahead of guidance, totalling $284 million. Underlying Earnings before interest, taxes, depreciation, and...
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14 Jan
09:40Wizz Air launches €500m debut bondWizz Air said it has issued €500 million in three-year bonds at an interest rate of 1.35%. The budget carrier says proceeds of the bonds, which are due in 2024, will be used to further strengthen...
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14 Jan
09:27Great Portland Estates collects 77% of December quarter rent; lockdown hits office occupancy ratesReal estate company Great Portland Estates said it had collected about 77% of December rent to date, though flagged a sharp decline building utilisation rates amid government-imposed lockdown...
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14 Jan
09:17Savills says property market outside London reboundsSavills said that against the backdrop of the Covid-19 pandemic the group has delivered a resilient full-year performance and it expects underlying results for the year to 31 December 2020 to be at...
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14 Jan
09:04Hilton Food annual performance boosted by expansion efforts, higher demandFood packaging group Hilton Food said annual performance topped its expectations as sales and volume growth was driven by its expansion efforts and the shift to home consumption arising from the...