Latest Economic and Market News

Pharmaceutical company AstraZeneca said a venture with Daiichi Sankyo had recorded positive clinical trial results for a gastric cancer treatment. The trial showed that the trastuzumab deruxtecan...

Digital media group Catenae Innovation it had teamed up with health and wellness business Newcastle Premier Health to develop its Covid-19 identification app. Newcastle Premier Health would...

Business media and events company Bonhill said it had secured $1.1m of loans under the US government-backed paycheck protection program. The loans or a portion of the loans may be forgivable if...

US personal spending slumped 13.6% in April, according to the Census Bureau. The slump was deeper than market expectations for a 12.6% fall. Story provided by StockMarketWire.com

Energy saving technology group Sabien Technology said managing director David Bakst would leave the company at the end of May. Executive chairman Richard Parris wound undertake day-to-day...

Gold and nickel miner Katoro Gold said its Blyvoor joint venture in South Africa had extended a period to consider financing options for a gold tailings project until the end of June. Katoro said...

Healthcare investor Syncona said portfolio company Autolus Therapeutics had announced new data highlighting progress on a therapy for lymphoma. The T-cell therapy was being investigated in the...

Budget carrier Wizz Air said it would open four new basis from 1 July in Italy, Cyprus, Ukraine and Albania, and add over 50 associated routes. The basis would open at Milan Malpensa, Larnaca,...

Scientific instrument sector investor Judges Scientific said it had acquired Heath Scientific, a maker of calorimetry instruments, for an initial £5.3m in cash. The company said it believed the...

Sleep wellness brand Eve Sleep said revenue was in-line with expectations amid 'good' performance in May. But the company also warned that competition was set to return as retailers make...

Oil company Predator Oil & Gas said it planned to apply for a liquefied natural gas import licence for Ireland. It said the decision followed the execution of confidentiality agreements with a...

Mining group Pathfinder Minerals said it had lowered the price of an equity raising following a drop in the value of its shares. The placing price on the £0.25m issued had been cut to 0.65p per...

Diamond explorer Botswana Diamonds said it had recovered over 100 macro diamonds from two samples taken from the Marsfontein development project in South Africa's Limpopo Province. The samples...

Cancer therapy focused ValiRx said it had agreed to sell patents and materials associated with its FitBio and TRAC intellectual property to Drug Discovery Technologies. The consideration for the...

Alternative energy developer Simec Atlantis Energy said a pre-application consultation process for its Uskmouth power station conversion project in Wales would kick off from Monday. The...

Consultancy company Science Group said it had topped up a bank loan to £17.5m, in line with plans announced early in May. The top up had increased its debt from £16.0m and its repayment date was...

Struggling animal feed supplier Walcom said it had been given a few extra days to pay an outstanding loan, but warned it could still go into liquidation next week. Walcom said it had been able to...

Pharma giant AstraZeneca said a clinical trial of a drug to treat non-small cell lung cancer showed the drug had reduced the risk of disease recurrence or death by about 80%. Detailed results...

Gambling company Flutter Entertainment said it had raised about £812.6K through a discounted equity placing. New shares in the company were issued at £10.10 a share, a 4.7% discount to their...

Outdoor advertising group Ocean Outdoor said it had secured a £35m financing facility, comprising a term loan and revolving credit facility. The company said £25m of the new facility had been...

Safety-focused company investor Marlowe said it had acquired HR & employment law compliance services group Deminos Consulting for an expected £0.7m. In the year to July 2019, Deminos generated...

Healthcare investor Syncona said portfolio company Achilles Therapeutics had dosed the first patient in a trial of a therapy for metastatic malignant melanoma. The phase one and two clinical study...

Immunodiagnostics group Oncimmune said it has signed a further contract with Roche to profile autoantibodies in patient samples collected during cancer immunotherapy trials. It announced that the...

Zanaga Iron Ore has completed a concept study into a floating port facility at its Zanaga Iron Ore Project. The company said it has been investigating the potential to utilise an offshore floating...

Kettle safety controls company Strix has announced a refinancing of its debt facilities with RBS International and Bank of China, providing a £60m revolving credit facility. Chief executive Mark...

Animal health business Animalcare Group reported wider losses as costs jumped and revenue slipped amid product supply challenges. For the year ended 31 December 2019, pre-tax losses widened to...

Workspace operator IWG said it had raised gross proceeds of approximately £320m through a discounted equity placing. The company placed 133,891,213 shares at a price of 239p a share,...

Cinema group Cineworld said it expected to reopen all cinemas by July, and added that it had struck a deal with its lenders to ease the terms of its debt arrangements. Lenders agreed to waive...

Thermal processing services provider Bodycote said revenue fell 30% in April as its businesses outside of China had experienced the biggest impact from the Covid-19 crisis since the third week of...

Clinical stage biotherapeutics company PureTech Health has announced plans to advance its product candidate LYT-100 (deupirfenidone) as a potential treatment for serious respiratory complications...

Transport company FirstGroup said its roads division had generated more cash than expected in the first month of the new financial year, and said it would look to increase its bus services offering...

Commercial kitchen services provider Filta Group flagged uncertainty over the Covid-19 pandemic even as annual profit was boosted by a surge in revenue. The company confirmed an announcement...

Healthcare facility investor Primary Health Properties (PHP) has announced it has contracted to provide development funding for the construction and acquisition of a purpose-built primary care...

Online fashion group Boohoo said it had acquired the remaining 34% stake in subsidiary prettylittlething.com for up to £323.8m. The acquisition was expected to be 'significantly' earnings...

Budget airline Easyjet said it expected to cut its workforce by up to 30% as it sought to reduce the size of its fleet, with the company warning that demand would likely only return to pre-pandemic...

Cruise company Carnival said a freeze on services run by its German unit AIDA and Italian unit Costa had been extended until the end of July. With regards to AIDA, the company said regulations for...

Stock and inventory systems provider Christie said it had tapped a UK government-backed Covid-19 loans scheme. The company said it had accepted an offer of a coronavirus large business...

Oil company Hurricane Energy said UK authorities had approved its request to delay drilling at the Lincoln prospect in the Greater Warwick Area offshore northern Scotland. The Oil and Gas...

Balkans-focused marble quarrying group Fox Marble launched a share issue to raise £0.8m for working capital and to fund its business strategy. New shares in the company were being offered at 1.75p...

Medical device business investor AorTech International said it had been issued a new patent from the US Patent and Trademark Office. Patent number 10,676,560 had been issued with the title...

Security and surveillance systems developer Petards said subsidiary RTS Solutions had won a contract for the provision of software support services to one of its major rail infrastructure...

Aviation company Avation walked away from plans to sell the company and terminated its strategic review amid coronavirus-led disruptions in the industry. The company said it had decided to...

Digital solutions provider Cambridge Cognition said it had won several new contracts to support pharmaceutical clients in delivering virtual clinical trials, including two contracts collectively...

Mineral exploration and development company Beowulf said it had awarded a drilling contract to Kati Oy for up to 1,650 metres drilling, targeting additional potential iron ore mineralisation at...

Pharmaceutical development company Nuformix said it had formed an agreement with VistaGen Therapeutics to develop treatments for central nervous system (CNS) diseases including depression. The two...

Oncology consultancy Physiomics said it had raised about £829k from a share issue to spend on further developing its business. New shares in the company were sold at 3.5p each. Physiomics said it...

Mineral exploration and development company Amur Minerals said it had raised £0.5m gross through the placing of shares. The company placed 47,619,048 shares at a price of 1.05p per share. The...

Mining group Xtract Resources reported disappointing quarterly mining production at the Manica concession in Mozambique owing to wet weather and Covid-19 disruptions. Alluvial mining contractor...

Saint-Gobain said it had completed the sale of its 10.75% stake in subsidiary Schenker-Winkler for CHF2.56bn. The shares were placed via a private placement to qualified institutional investors...