Latest Economic and Market News

Digitising chemistry company DeepMatter said it had commenced a project with the University of Cambridge's Innovation Centre in Digital Molecular Technologies, an open innovation research centre...

Hummingbird Resources said results from recent drilling showed multiple intercepts, highlighting the underground mining potential and life of the mine extension at Yanfolila in Mali. The company...

Gold mining Company Chaarat said that Artem Volynets will step down by mutual agreement from his role as chief executive officer and will move into a senior adviser role. Story provided by...

Pharmaceutical company Clinigen said it had signed an exclusive agreement with to partner with Eyevance Pharmaceuticals, a wholly-owned subsidiary of Santen Pharmaceutical, to manage the supply and...

Lithium development group Bradda Head said it had received permission to drill on part of its Wikieup project in Arizona, USA. The company received permission from the Bureau of Land Management...

Clean water and air technology group Mycelx Technologies said it had won a new contract and an extension of an existing contract, both in Saudi Arabia worth a combined $2.1 million. The contract...

Mineral exploration and development company Kodal Minerals said its application for the Bougouni lithium project in Mali was now in the 'final stages' of approval. 'The new mining licence decree...

Budget carrier Ryanair said it carried more passengers in July, though demand was still pressured by the pandemic. Passenger numbers in July jumped 80% to 9.3 million, on an 80% load factor, up...

Diagnostics and cancer therapies group Avacta said shipment of Covid-19 antigen lateral flow test kit had now commenced. The AffiDX SARS-CoV-2 antigen lateral flow test, 20-minute antigen test...

Mining group Alien Metals said an inaugural drilling programme was due to commence in the coming days on the Elizabeth Hill silver project in Australia. Seven diamond core holes were planned for a...

Mining group Power Metal Resources said it had completed the phase-one work programme on its two gold-nickel licences in the Tati Greenstone Belt in Botswana. Power Metal had exercised an option...

Specialist asset manager Mercia Asset Management welcomed news that portfolio company and video games developer nDreams had appointed Frank Sagnier as its chairman. Sagnier was a previously chief...

Oil company Orcadian Energy said it had licensed a 3D seismic dataset covering its Pilot and Blakeney discoveries and the Bowhead prospect offshore Scotland from TGS. The dataset received was shot...

Cameroon focused oil company Victoria Oil & Gas said it sold more natural gas but shipped less condensate during the second quarter. Natural gas output for the three months through June...

Oil company President Energy said a new oil treatment plant at the Puesto Flores field in Rio Negro, Argentina was fully operational. Savings from the plant were in line with expectations at...

Alternative fuels developer Quadrise Fuels International said it had received oil samples that would be used in its fuel testing programme. The company's research facility in Essex had received...

Trinidad and Tobago focused oil company Trinity Exploration & Production said executive chairman Bruce Dingwall had died, aged 61. Dingwall founded the company in 2005, following the...

Online retailer The Hut Group said it had acquired online beauty retailer Cult Beauty for £275 million and upgraded its annual sales guidance. Sales for the year through December were now expected...

Fashion retailer Ted Baker said it had appointed Fumbi Chima and Meg Lustman as independent non-executive directors. Chima was currently chief information officer at US credit union BECU, while...

Aerospace engineer Rolls-Royce said it had agreed to sell its Bergen Engines medium-speed liquid fuel and gas engines business to Langley for €63 million, including debt. Rolls-Royce said the sale...

Insurance company Chesnara said that John Deane would retire from the company and step down as chief executive by the end of the year. Steve Murray would be appointed as Deane's successor upon...

Lottery and payments group Tintra said it had changed its name from St James House. The change of name took effect on Tuesday morning, with the company's ticker on AIM changing to 'TNT'. Story...

Oil company Rockhopper Exploration said it was still awaiting progress on its international arbitration case against Italy in relation to the Ombrina Mare field. The tribunal had indicated that it...

Nigeria-focused oil company San Leon Energy said chief financial officer Lisa Mitchell had resigned to take up a new role. Mitchell would remain in her position and as a board member while the...

Medical cannabis and wellness group Seed Innovations said it had participated in the latest financing round of $9.7 million by portfolio company Yooma Wellness. Yooma sold wellness products...

Technology investor Pires Investments said it had received proceeds in relation to the sale of Artomatix, one of the companies within the portfolio of Sure Valley Ventures. As a result of the...

Components company Essentra confirmed that it had completed the acquisition of Jiangxi Hengzhu Electrical Cabinet Lock. The company previously announced the deal on 13 May 2021. Story...

Pesticides company Plant Health Care said its shares would be traded on the US over-the-counter market. Plant Health Care shares would trade on the US OTCQB Venture Market under the ticker...

Mining-project royalties group Trident Royalties said it had collected royalty payments of $0.38 million in the second quarter. 'Trident continues to make strong progress towards building the...

Banking group PCF said it was still working on the completion of its annual accounts following delays. The company has yet to publish its annual report and accounts for the year ended 30 September...

Budget carrier Wizz Air said it flew 62% more passengers in July year-on-year, though volumes were still relatively low due to the pandemic. Passengers flown in July amounted to 2,956,043, up from...

StockMarketWire.com Communication device company Casa systems has signed an agreement with Bell Canada to provide 5G wireless access in small towns and rural communities. The partnership is part...

StockMarketWire.com Lithuanian retail chain firm has announced it has appointed Karolina Zygmantaitė as its new chief financial officer. Zygmantaitė is replacing Vitalij Rakovski. He is also...

Mining company Rambler Metals and Mining said it had encountered multiple intersections of high-grade copper at the Ming mine in Canada. Highlights included intersecting 34.3 metres at 1.14%...

Mineral exploration and development company Beowulf said it had invested a further £100,000 in Vardar Minerals, increasing its ownership in the latter to 49.4% from 48.4%. Vardar Minerals has been...

Oil company UK Oil & Gas said drilling of a well in Turkey had been temporarily paused after some equipment got stuck in the drill hole. The rig had performed a a successful recovery, or...

Mining group Oriole Resources said it completed mapping and stream sediment sampling over the five easternmost licences of a package in central Cameroon. The results of the work were anticipated...

Biotechnology company Destiny Pharma reported additional, 'strong' data from its recent phase 2b clinical trial showing further efficacy of its drug to reduce the incidence of post-surgical...

Digital media and technology provider Catenae Innovation said it had signed a collaboration agreement with ProMake, a specialist in material science and medical innovations, to support the latter's...

Uranium investor Yellow Cake said it had increased its holdings in the second quarter by 35% following a capital raising. At the end of June, the company's uranium oxide holdings were 13.3 million...

Life science research tools supplier Abcam said it had entered into a definitive agreement to acquire BioVision, a subsidiary of Boai NKY Medical Holdings, for $340 million. The acquisition...

Indoor air quality solutions provider Volution said it had signed an agreement to acquire Energy Recovery Industries, a manufacturer and supplier of low-carbon, energy efficient heat exchanger...

Data solutions provider D4t4 Solutions said it had acquired Prickly Cactus, a UK data and analytics consultancy, for up to £0.75 million. 'The acquisition is part of D4t4's investment in...

Payments service provider Equiniti confirmed that Andrew Peeler been appointed as chief financial officer starting 1 August 2021. Peeler took over from John Stier who had resigned as CFO....

Radio Frequency network company CyanConnode said it had won a contract from Schneider Electric for a smart metering deployment in Northern India. Under the terms of the agreement, CyanConnode...

Mining group Scotgold Resources said it had mined high-grade ore at its Cononish gold and silver project in Scotland during July. 'Mining activities further increased the volume and, importantly,...

Mining group Tertiary Minerals said its Luangwa Minerals subsidiary in Zambia had entered into an option agreement to acquire up to a 90% interest in five exploration licences in the African...

Eduction software company Tribal said it had won a series of cloud contract with a combined value of £7.1 million. The contracts were expected to deliver an incremental annual recurring revenue...

Real Estate company Derwent London said it had acquired the outstanding 7-year headlease interest in Bush House, South West Wing WC2 for £13.5 million gross. The group already owned the...