Latest Economic and Market News

Energy-saving technology business Sabien Technology said it had initiated a review of its business a possible options for broadening its strategic focus. 'That review is ongoing and no formal...

Attractions group Live Company said it was still in advanced discussions regarding the settlement of a deferred payment to Bright Bricks via the issue of new shares. The payment of £0.83m was due...

Survey, inspection and monitoring company Remote Monitored Systems said it had completed a share placing to raise £0.25m. New shares in the company were issued at 0.4p each, representing a 27%...

Gore Street Energy Storage said its 9-megawatt project at London's Port of Tilbury was operational, almost doubling the size of the company's operational asset base to 19 megawatts. The...

SDCL Energy Efficiency Income Trust said it had raised £100m from a planned share placement. New shares in the company were issued at 103p each. At 10:07am: (LON:SEIT) share price was 0p at...

Galileo Resources said it planned to raise £0.5m by placing shares at discount to fund the development of its Star Zinc and Kashitu projects in Zambia. The company placed 125m shares at a placing...

Amphion Innovations said a loan facility had been settled after the lender sold the company's stake in Polarean, which was pledged as security against the facility. Net proceeds from the sale...

Gambling group Gan said Pennsylvania internet gaming win and sports wagering jumped in September compared with the previous month. Internet gaming win was $6m in September compared with $4m in the...

Evraz said it expected that earnings would suffer a hit of around $350m amid efforts to improve efficiency. The company expected that in 2019 the effect on Ebtida from efficiency improvement...

Waste management company Augean said it had acquired an option to purchase approximately 90 acres of land adjacent to its existing East Northants resource management facility landfill site near...

UK stocks opened modestly lower on Friday after China released disappointing economic growth figures and investors braced for a tight parliamentary vote on Saturday over Boris Johnson's Brexit deal...

Eddie Stobart confirmed that Logistics group Wincanton was weighing up a merger offer for the company. The company confirmed it had granted due diligence access to Wincanton to assess the...

Vaalco Energy said it had found oil following drilling at its Etame 9P appraisal well. The company encountered approximately 35 feet of Dentale oil sands with 27% porosity and 3,000 meter depth...

Elegant Hotels said it had received a takeover over from Marriott International in a deal worth about $130m Under the terms of the offer, each Elegant shareholder would be entitled to receive...

Logistics company Wincanton said it was undertaking a diligence exercise on Eddie Stobart to assess the potential merits of a takeover of its rival. 'No proposal has been made by Wincanton to...

Regional REIT said it had exchanged contracts to acquire a portfolio of four office assets for a combined £27.7m from a UK institutional vendor, with completion expected by the end of October. The...

Niger and Nigeria focused oil company Savannah Petroleum said it had entered into an unsecured loan facility with an initial tranche of $5m expected to be drawn immediately. The facility was being...

San Leon Energy said it had commenced a buy back of up to $2.0m, with immediate effect. Shares would be acquired at a maximum price of the greater of 105% of the average market price of its shares...

Berlin residential property specialist Phoenix Spree Deutschland said it would commence a buyback of its shares, having accelerated sales of condominiums. The company had announced in September...

Industrial property group Stenprop said it had acquired two industrial estates in Glasgow and Wolverhampton for a combined £7.1m. Western Campus at Strathclyde Business Park, Bellshill, Glasgow,...

Agronomics said it had completed a subscription of US$1.5m to invest in VitroLabs. VitroLabs, headquartered in San Jose, USA, was developing laboratory-produced, cruelty-free leather. The...

Horizonte Minerals said a pre-feasibility study had confirmed its Vermelho mine had the potential to be a significant low-cost supplier of nickel. Assuming a flat nickel price of US$16,400 per...

Specialist medical imaging technology company Feedback said it hoped to commence Bleepa pilot schemes in the near future, as pursued a number of commercial opportunities within and outside the...

Cairn said it would plug the Chimera well after drilling showed the well was dry. The well was drilled to a vertical depth of 1,830 metres below the sea surface and was terminated in the Lista...

Electronics supplier discoverIE said it had acquired Sens-Tech for up to £70m and also said it would raise funds through the placing of shares to pay down debt and bolster its balance sheet....

EVR Holdings said it had struck an agreement to be the exclusive music partner of O2's 5G UK launch. Under the agreement, O2 customers upgrading to an O2 5G plan, would receive a 12-month...

AstraZeneca said the US Food and Drug Administration had granted the priority review for its metastatic breast cancer drug. The review date for the drug was set for the cancer drug, was set for...

Exploration and development company Ariana Resources said recent drilling results from the Kiziltepe mine confirmed signs of gold and silver. Drilling had identified several mineralised...

Grafton said it expected full-year results to undershoot market expectations as the weaker backdrop seen in the third quarter continued into October. 'Against the backdrop of softer third...

Legal and professional services group Gateley said it had entered into a new five-year agreement with its partners that placed certain restrictions on the sale of shares in the company. The new...

Ariana Resources said it had agreed to acquire Kefi Minerals subsidiary Dogu Akdeniz Mineralleri for £90k. Dogu held a net smelter return on the Kizilcukur project and an Turkish exploration...

Caledonia Mining said it had installed 6 megawatts of extra backup diesel generator capacity at its Blanket gold mine in Zimbabwe to insulate it from electricity supply outages. The company said...

US retail sales fell 0.3% in September on-month to $525.6bn, according to the Census Bureau. The fall defied market expectations of a 0.3% rise. Story provided by StockMarketWire.com

Summit Therapeutics said chief executive Glyn Edwards would present at an industry conference in San Francisco. Edwards would present at the 2019 BIO Investor Forum on 22 October. At 1:11pm:...

Smart infrastructure solutions company Costain said its existing joint venture partner MWH Treatment, had been selected by Southern Water to extend the AMP6 contract as part of the water company's...

Getech said it had struck a licence agreement worth $1m in revenue to supply an integrated suite of geology, gravity and magnetic data and knowledge products. This agreement would generate revenue...

Clothing and food retailer Marks & Spencer confirmed that chief financial officer Humphrey Singer would stand down on 31 December. Singer's impending departure was first announced by the...

Biopesticide products maker Eden Research and natural said its commercial partner, Eastman Chemical had received full authorisation to sell the company’s nematicide formulation from the Belgian...

The UK consumer price index rate was 1.7% in September, unchanged from August, according to the Office for National Statistics. The market was expecting the rate to rise to 1.8%. Story provided...

Gaming Group Gan said New Jersey internet gaming win and sports wagering jumped in September compared with the previous month. Internet gaming win was $41.1m in September compared with $25.8m in...

Secured-lending focused SQN Secured Income Fund said it generated a net asset value total return in August of 0.27%. At 31 August, the fund's estimated NAV per share was 94.93p, down slightly from...

Diversified Gas & Oil said it had extended its asset retirement agreement with the Commonwealth of Kentucky by an additional five years, through the period ending 31 December 2028. Under the...

Good Energy launched One Point, a new electric vehicle charging offering for UK businesses alongside the first pilot of the scheme with Watergate Bay Hotel in Cornwall. The company recently...

Destiny Pharma hailed 'positive' results from an independent study showing that the company's drug to combat antimicrobial resistance had met its primary objective. In addition to the study...

Tri-Star Resources said the purity of antimony and gold being produced at a processing facility in Oman had risen to 99.54% and 5%, respectively. The project is owned by Strategic & Precious...

Saint-Gobain said it had completed the acquisition of the mortars division of the Celima in Peru. The mortars division acquired operated three plants in Lima, Arequipa and Trujillo. In 2018, it...

Loungers said sales increased by more than fifth as cafe, bar and restaurant operator increased the number of sites in the 24 weeks to 6 October. For the 24 weeks to 6 October, total revenue grew...

Tlou Energy said initial gas flows had been achieved at the Lesedi coal bed methane project in Botswana. The wells Lesedi 3 and 4 achieved initial sustained gas flows of about 20 thousand standard...

Intellectual property investment group Tekcapital said portfolio company Salarius had agreed to provide its alternative sale product to a diversified snack food manufacturer. 'The snack food...