Latest Economic and Market News

Podcast company Audioboom said it would provide an update on its formal sale process on or around 14 October. The company said it would also provide a trading update for the September quarter on...

Services and equipment rental group Northbridge Industrial Services swung to a first-half loss after its revenue slipped and it wrote down the value of a previous acquisition. Pre-tax losses for...

US gross domestic product tumbled 31.4% in the second quarter, according to a 'third' and final reading by the Bureau of Economic Analysis. The market had expected the reading to remain unchanged...

Diagnostics group Avacta that its assay to detect the SARS-CoV-2 virus had been launched as a research kit by partner Adeptrix. The assay also had been presented by mass spectrometer manufacturer...

Clinical AI technology group Sensyne Health said it would collaborate with the University of Oxford for which it would provide software for Covid-19 treatment trial. Sensyne Health said the...

Oil company PetroTal said oil production had restarted at the Bretana oil field in Peru. The recommencement followed agreements between indigenous communities in the northeastern region of Peru...

Gold miner SolGold said the completion of a pre-feasibility study for its Alpala project in northern Ecuador had been delayed due to the Covid-19 pandemic. The company had been planning to...

Diagnostics company Genedrive said its Covid-19 test kid had received approval from the South African Health Products Regulatory Authority. Under the approval, the kit could now be distributed...

Avingtrans, an energy, medical and industrial components supplier, reinstated guidance for 2021 and 2022 and said it expected to resume dividend payments next year. For the twelve months ended...

Spain and Portugal focused tungsten miner W Resources posted a first-half loss following delays ramping up production at its La Parrilla project in Spain. Pre-tax losses for the six months through...

Oil and gas company Bahamas Petroleum Company said it made progress toward drilling its new well off the coast of the Bahamas. Ahead of the spud of the perseverance well, expected prior to...

Pharmaceutical group Diurnal said it expected to launch its hydrocortisone oral granules in the US in the fourth quarter of this year after receiving US Food and Drug Administration approval....

Building materials business CRH said that Senan Murphy intended to retire from his position as finance director during the course of 2021. The company was initiating a process to identify a...

Property investment business CLS said it had completed a £154m loan with Aviva Investors. The loan was secured on a portfolio of 12 UK properties and replaced three existing loans of £67...

Defence company Chemring said its US-based subsidiary, Chemring Countermeasures USA, had won a five-year contract and three-year contract from the US Navy and Air Force, respectively. The company...

Recently listed online retailer The Hut Group said it had acquired US skincare brand Perricone MD for $60 million. The Hut Group, also known as THG, said Perricone MD was a 'science-led' topical...

Aerospace and defence company Babcock International said it had appointed David Mellors as chief financial officer to succeed Franco Martinelli, who announced his intention to retire in July....

Property developer and investor Land Securities said Martin Greenslade would step down as chief financial officer during 2021. Greenslade would continue as CFO and as an executive director on the...

Infrastructure investor 3i Infrastructure reported a fall in total income for the six months through September as the valuation of air-travel-related portfolio companies was impacted by the...

Video games developer Sumo said it had agreed to acquire US-based rival Pipeworks for up to $99.5m, including debt. Sumo also a reported a more than doubling of first-half profit as demand for...

Casino giant Caesars Entertainment has won the backing of gambling company William Hill's board for its £2.9 billion takeover bid for the British group, the companies said on Wednesday. William...

Medical technology group Smith & Nephew said it had agreed to acquire the extremity orthopaedics business of Integra LifeSciences for $240 million. Smith & Nephew said the deal supported...

Minerals explorer Alien Metals posted a first-half loss as it continued to develop prospects in Mexico and Australia. Pre-tax losses for the six months through June amounted to $0.42m, compared to...

Exploration company Kavango Resources said it had resumed field exploration work in the Kalahari copper belt in Botswana. Kavango's exploration manager has returned to Botswana having completed...

Avingtrans, an energy and medical sector equipment and aftermarket services provider, said its subsidiary, Booth Industries, had secured a multi-year contract worth £36 million to supply cross...

Energy company Ncondezi Energy posted a first-half loss it continued to develop its namesake coal-fired power project in Mozambique. Pre-tax losses for the six months through June amounted to...

Data analytics company Ixico said it had won a extension contract, worth about £2 million, to provide additional imaging services that would support a pivotal Huntington's disease study. The...

Paris-based diagnostics group Novacyt said it had launched an antibody test for SARS-CoV-2, the virus that causes Covid-19. The CE-Mark approved serology 96-well plate enzyme-linked immunosorbent...

Upstream energy company Echo Energy said it had discovered gas at its Monte Aymond well in Santa Cruz Sur, Argentina. The company well was tested and discovered gas and condensate at an initial...

Pharma group Clinigen and drug discovery and development company Synairgen signed an agreement to launch a managed access program for the latter's inhaled formulation medication to treat...

Respiratory drug focused Synairgen said it and pharmaceutical services company Clinigen had agreed to launch an access programme for a potential treatment for Covid-19. The managed access...

Data and analytics company Ascential appointed Paul Harrison as chief operating officer starting 11 January 2021. Harrison would take responsibility for the company's people strategies, mergers...

Security services group Westminster said it had won an up to £1.8m contract to replace and maintain the security screening equipment at the Palace of Westminster, informally known as the Houses of...

Wind farm investor Greencoat UK Wind said it had raised £400 million from an initial tranche of a planned share issue and would use the proceeds to reduce debt. Plans to raise capital at 131p per...

High-street bakery chain Greggs said activity had picked in September following a slower August. Like-for-like sales in company-managed shops have averaged 71.2% of the 2019 level in the 12 weeks...

Consumer goods group Unilever said completion it's plan to unify its headquarters in London would be slightly delayed due to disruptions caused by the pandemic. The cross-border merger between the...

Regeneration specialist St. Modwen Properties said it had appointed Sarwjit Sambhi as its new chief executive. Sambhi was most recently the head of power utility and British Gas owner Centrica's...

Ncondezi Energy confirmed that it had not received any notice of change to the joint development agreement for its namesake power project in Mozambique following talks with GE and China Machinery...

Fuel cell developer Proton Power Systems said it had received a further order from ship builder Fincantieri. The order was for a 144 kW fuel cell system to be installed into Fincantieri's first 25...

Veterinary pharmaceutical developer Animalcare said it had agreed to form a joint venture with Canada-based biotech company Kane Biotech for treating biofilm-related ailments in animals. Kane...

Mining investor Metal Tiger said it had agreed to acquire shares in a placing being conducted by Tanga Resources, giving it a 1.35% stake in the company. Metal Tiger said it had subscribed for 5...

Mining group Red Rock Resources said it had raised £1 million via a share placing to fund developments in Kenya, the Congo and Australia. New shares in the company were issued at 0.8p apiece, with...

Copper, gold and silver producer Anglo Asian Mining said it was closely monitoring the situation in Azerbaijan following reports of an escalation in tensions between the country and Armenia over...

Virgin Money UK said it had appointed Enda Johnson as its interim chief financial officer to replace Ian Smith. Smith had resigned in January and Johnson would step into the role on 15 October....

Exploration and mining company Cobra said drilling had commenced at its the Wudinna gold project located in Australia. The first hole would be drilled at Baggy Green, and this first programme...

Mosman Oil and Gas said sales from a new well at the Stanley project in Texas were expected to commence this week. The Stanley-4 well, of which Mosman had an interest of around 16.5%, was flowing...

Pharmaceutical company ValiRX said results from a clinical trial of a treatment for prostate cancer showed that it had a response rate of around 55%. The results were from a recently completed...

Fertilizer developer Salt Lake Potash posted a deeper annual loss as it neared completion of its flagship Mount Weld project in Western Australia. Pre-tax losses for the year through June amounted...

Molecular diagnostics group Yourgene Health said it had launched a genomic services offering. The company said the offering was an integration and expansion of its international service laboratory...