Latest Economic and Market News

Savings and investments business M&G said it had agreed to acquire a 90% stake in responsAbility Investments, an emerging market impact investing fund. M&G said it expects to acquire the...

Mining company Power Metal Resources said drilling had commenced at the Haneti project in central Tanzania. Haneit was prospective for nickel, copper, cobalt and platinum group elements. 'The...

Oil services group TomCo Energy said it had agreed to assist Heavy Sweet Oil with permitting and government relations in respect of a planned drilling programme. The campaign was adjacent to the D...

Allergy Therapeutics said the United States Food & Drug Administration had cleared the company's investigational new drug application for its peanut allergy vaccine candidate. The clearance...

Clinical AI company Sensyne Health said it had completed a £11.35 million financing announced earlier in January. The financing comprised a first tranche of £6.35 million and an additional tranche...

Leak detection group Water Intelligence said one of its franchisees had acquired certain territory in rural North Carolina for $90,000 from subsidiary American Leak Detection. Water Intelligence...

Medical device company Deltex Medical said it had received an order from a unnanmed distributor in the Americas worth US$200,000 for its TrueVue monitors. This order would also result in...

Mining giant Fresnillo cut its forecast on silver production as labour shortages fueled by the pandemic were expected to have a greater impact in the earlier part of the year than previously...

Commerical real estate company Derwent London said it had exchanged contracts to sell its freehold interest in New River Yard EC1 to a UK private property company for a gross amount of £67.5...

Bus and train group Stagecoach said it had postponed a sale of its inter-city coach businesses, due a regulatory enforcement order related to its proposed merger with National Express. The UK's...

Wealth manager M&G said it had partnered with digital investment specialist Moneyfarm to provide direct investment services to UK consumers. M&G said its UK wealth management arm would use...

Oil company Union Jack Oil welcomed news that the operator of the Biscathorpe project in the UK had decided to appeal a council decision to block a side-track drilling operation. The project is...

Falcon Oil & Gas said its stage 3 work programme would focus on preparing a plan to drill the 2022 wells and any future horizontal wells in the Beetaloo Sub-Basin, located in Australia. The...

Intellectual property company Frontier IP said it had sold 183,901 American depositary shares of portfolio company Exscientia for about $4.0 million at an average price of $21.68 per ADS....

German property investor Phoenix Spree Deutschland said it had secured a €60 million loan facility and refinanced existing debt on improved terms. The new facility agreed with Natixis...

Ultrasound artificial intelligence group Intelligent Ultrasound said it had signed an extension to its existing exclusive women's healthcare AI agreement. Under the agreement, GE Healthcare would...

Concierge platform Ten Lifestyle said it won contract from a UK wealth management group. The contract would see Ten initially launch its services in spring 2022. 'This initial launch is expected...

Israeli technology investor Sivota said it had agreed to acquire a majority stake in Apester, a digital marketing engagement platform. Sivota said it would will receive around 14.9 million seed...

Wind farm investor Greencoat UK Wind said it had appointed Lucinda Riches as its senior independent director. Riches, a current non-executive director of the company, would assume the role after...

Mining company Rio Tinto said it and partners had approved the commencement of underground operations at the giant Oyu Tolgoi copper project in Mongolia after waiving a loan to the government...

Energy and multi-utility services provider Fulcrum said that Terry Dugdale had stepped down from his role as chief executive officer in order to resume the role of chief operating officer within...

Power developer Oracle Power said it had signed a non-binding agreement with Sui Southern Gas related to the development of a synthetic natural gas project in Pakistan. The memorandum of...

Medical device company Creo Medical said it had entered into non-binding heads of terms with a number of parties which relate to the company's SpydrBlade, Cool Plasma and MicroBlate technologies....

UK stocks were treading water in early dealings on Monday as investors continued to mull the potential for interest rate rises and war in Ukraine. At 0817, the benchmark FTSE 100 index had edged...

Energy company Advance Energy said the Buffalo-10 well, located offshore Timor-Leste would be plugged and abandoned following 'disappointing' drilling results. The operator, Carnarvon Petroleum...

Superyacht maintenance company GYG said it had resumed refit works in Nobiskrug shipyard after reaching an agreement on new contracts. 'New contracts have been agreed and GYG has received a...

Oil company Pantheon Resources said it had started drilling a new oil well on the on the Alaska North Slope. The Theta West number 1 well was targeting two primary targets; the Upper Basin Floor...

Mining group Panther Metals said the first batch of assay results from the Dotted Lake property in Ontario, Canada, shows widely dispersed gold mineralisation. Highlights included intersecting 0.9...

HgCapital Trust said it would invest approximately £31.8 million in Waystone, an institutional governance, risk, and compliance services business in the asset management industry. 'Hg will join...

Skipton Building Society said chief executive David Cutter would stand down at its annual general meeting in April. Cutter had served as CEO for 13 years as part of his almost 30 years at the...

Antenna group MTI Wireless Edge said it had formed strategic partnership with Viridix, a company which specializes in actionable data analytics for irrigation,. The pact would will bring together...

Oil development group TomCo Energy launched a £1.25 million share placing to fund the development of its Tar Sands site. New shares in the company were being offered at 0.5p per share. TomCo said...

Bathroom and kitchen products supplier Norcros said it had appointed Chris Mulligan as director of corporate development and strategy. The appointment filled a vacancy created by James Eyre's...

Oil company SDX Energy said drilling had commenced on an infill development well at the Meseda field in Egypt. The MSD-25 well was the second in a fully-funded 12-well development campaign on the...

Cross-border e-commerce services group Samarkand said it had formed an alliance partnership with FedEx. The partnership would see FedEx utilize the company's technology platform to power...

Banknote authentication group Spectra Systems said it had won three new contracts. The work included an additional order for covert materials from its largest central bank customer, increasing...

Precious metals miner Polymetal International announced an initial mineral resource estimate for the Novopet project in Bashkortostan, Russia. The estimate amounted to 2.4 million ounces of gold...

Russia-focused gold miner Petropavlovsk said it had appointed Stanislav Ploshchenko as its chief financial officer, to replace Danila Kotlyarov. Ploshchenko had since 2016 held senior executive...

Student accommodation developer Unite said it had acquired a consented 270-bed development site in Nottingham's city centre. Total development costs for the scheme, which would open for the...

Thermal energy and niche pumping specialist Spirax-Sarco Engineering said it had agreed to acquire Cotopaxi from Business Intelligence of Oriental Nations Corporation for £13.3 million. Cotopaxi...

Environmental consultancy services PHSC said it would begin a further share buyback programme to optimise its capital structure as its shares were trading at a 'significant' discount to its...

Security company Westminster said it would begin work on the $1.7 million airport security contract won in December after the company received formal notice of its contract award. Work on the...

Close Brothers reported 'good' loan book growth at strong margins in banking and continued growth momentum in its asset management business easing the impact of moderating income at its winterflood...

Printing and laundry-equipment company Photo-Me International said its chief executive Serge Crasnianski had tabled a mandatory £283.5 million takeover for the company after increasing his stake in...

HgCapital Trust said it had made an additional investment in Lyniate, a healthcare data interoperability company. The terms of the transaction weren't not disclosed. The transaction would...

Bluefield Solar said it had acquired a 47.5 megawatt peak operational solar and wind portfolio from Good Energy for up to £24.5 million. Following the acquisition, the company's total outstanding...

Mining group Red Rock Resources said it had won a small damages claim in the Democratic Republic of the Congo regarding a joint venture there. The Commercial Court of Lubumbashi issued an...

Mobile payment and identity company Boku said it expected annual revenue to grow by more than a fifth on increased volumes. The company also announced the sale of its identity division to Twilio...

Mining company Tertiary Minerals said it was raising up to £0.6 million from a share issue as it advances projects in Nevada and Zambia. New shares in the company were offered at 0.17p each via a...