Latest Economic and Market News

Virtual tumor technology Physiomics said it had won further contracts from existing client Merck that it expects to be completed by the end of this calendar year. These projects involve...

Natural resource development company Contango said it expected to transition to production by the next quarter following better-than-expected results from a set of sample analyses conducted by...

Esports company Guild Esports said it had terminated the three-year sponsorship deal with a European fintech company, following delays in the sponsor's launch and the payment of sums due under the...

Supermarket giant J Sainsbury said it had received interest in a possible acquisition of Sainsbury's Bank, but added that talks had ended as the potential offers didn't offer value to...

Logistics real estate investment company Tritax EuroBox said it had agreed to acquire a €32 million asset in the Rhine-Ruhr region in Germany. Unit 1 was expected to be completed in December 2021...

Sportswear retailer JD Sports Fashion said it had acquired an 80% stake in Cosmos Sport. Prior to completion, Cosmos, founded in 1982 by Fragiskos Tsiknakis in Crete, Greece, was 70% owned by the...

Metallurgical coal miner Bens Creek said it had entered its first offtake agreement for its metallurgical coal with Integrity Coal Sales. Under the agreement, Bens Creek would supply...

Water Intelligence upgraded its full-year outlook on growth after reporting that year-to-date Q3 performance had topped full-year 2020 results. Profit for full year 2021 was now expected to be at...

Managed IT services provider CloudCoCo said it had appointed Mark Ward as a new strategic adviser to the company. Ward, who has taken a 15.6% in CloudCoco, founded UK-based technology services...

Life science group DeepVerge said its modern water division had won £2.2 million worth of new orders for newly enhanced monitoring equipment with upgraded software. The shipments included...

Support vessels provider Gulf Marine Services said it had won a new 12-month contract for an E Class vessel with an EPC Client in Middle East and North Africa, or MENA, region. The contract was to...

Wealth manager Rathbone Brothers said it had completed the acquisition of CastleCo, the holding company of the Saunderson House for at least £138.4 million, after receiving approval from the...

Veterinary pharmaceuticals company Dechra Pharmaceuticals reported that first quarter fiscal performance was 'strong,' driven by growth in the US. Performance also benefitted from from strong...

Defence company Babcock International said it had completed the sale of Frazer-Nash to KBR for £293 million in cash. This sale formed part of the company's portfolio realignment, which aimed to...

Transport company FirstGroup said it had sold Greyhound Lines to its subsidiary FlixMobility in a deal worth $172 million, completing its stated strategy to focus on its leading UK public transport...

Gold company Cora Gold said hailed 'extremely encouraging' results from the drill campaign at its Selin deposit in Southern Mali The results infill a 300 metre gap between the existing pit shells...

The UK consumer price index rose 3.1% in September, according to the Office for National Statistics. The market had been expecting a rise of 3.1%. Story provided by StockMarketWire.com

Mining group Phoenix Copper reported positive results from a ground magnetics survey at its Red Star project in Custer County, Idaho. Four high-amplitude areas of interest had been identified,...

Oil company Nostra Terra said a recently upgraded reserves in Texas estimate implied the assets could generate $68.5 million in future net income. The forecast assumed a $75 per barrel flat oil...

Mining giant BHP sweetened its offer for Canadian nickel developer Noront Resources, trumping a rival bid from Wyloo Metals. BHP was now offering C$0.75 per share, a 36% premium to its previous...

Mining royalty company Altus Strategies said it had received its first quarterly royalty payment of US$1.34 million gross from its effective stake in Caserones copper mine in Chile. This payment...

Special purpose acquisition company CYBA said it had received clearance from the Committee on Foreign Investment in the United States to acquire Narf Industries. All required US regulatory...

Self storage company Big Yellow said it had secured planning consent for an approximately a store at its site in on the Bath Road in Slough. Construction of the site would commence in summer 2022...

Fintech company GSTechnologies said it had appointed Tan Guan Han as chief operating officer. Tan Guan Han, also know as Shayne Tan, joined the GST board in January 2021, has management...

Cloud and IT managed services group IDE said it had confirmed the sale of IDE Connect and Nimoveri to CloudCoCo for a deferred consideration of £250,000. The sale comes after an announcement on 28...

Marketing company The Mission Group said it had acquired customer engagement agency Soul, for an undisclosed sum. London-based Soul worked with psychologists to help businesses better understand...

Infrastructure group Balfour Beatty said it had reached agreement to convert of its £375 million revolving credit facility to a sustainability-linked loan. The maturity of the loan was extended to...

Oil company Reabold Resources noted that Corallian Energy, of which it owned 49.99%, had put itself up for sale. Corallian had decided to conduct a formal review of is strategic options to...

Mining company Anglo American said the value of rough diamond sales at its De Beers unit had decreased during the eighth cycle of 2021 to $490 million from $522 million seen in the seventh cycle....

Mining giant Antofagasta trimmed its production guidance on adverse weather and lower grades at its Centinela concentrates operation in Chile. Production in 2022 was expected to be between 660,000...

Fertilizer group Salt Lake Potash, which is listed in Sydney and London, said it had gone into administration. The company had determined that it and its related companies were insolvent or likely...

Utility supplier to small businesses Yu said it had appointed Adam Young as its digital marketing and sales director. He was joining from Arco, where he spent 13 years working in leadership...

Luxury fashion brand Burberry said it had appointed Jonathan Akeroyd as chief executive officer, starting 1 April 2022. Akeroyd was currently CEO of Milan-based Gianni Versace, a position he has...

Respiratory diseases focused Synairgen said a safety oversight board had recommended a trial of a treatment for Covid-19 move into its third and final phase. Synairgen is developing SNG001, a...

Infrastructure investment company BBGI Global Infrastructure said it had agreed to acquire a 25% stake in Center Hospitalier de l'Universite de Montreal, in Montreal, Quebec, Canada, for CAD 88...

Shipping group Tufton Oceanic Assets said it had agreed to sell the handysize bulker Dragon for $16.2 million. The vessel was, taking its charter into account, being sold for 119% of its...

Recruitment company PageGroup said chairman David Lowden would retire before its 2022 annual general meeting. The company had initiated a process to find a successor. Lowden joined the PageGroup...

Safety products investor Marlowe launched a share issue to raise £50 million to acquire compliance software group Riskwize and its EssentialSkillz unit for £25 million. New shares in the company...

Immunotherapy developer Scancell said it had taken new new laboratory and office space in the Bellhouse Building at The Oxford Science Park in the UK. The new premises were complementary to...

Passenger aircraft leasing company Avation said it had now completed the sale of one Airbus A220-300 aircraft, currently on lease to Latvian carrier, airBaltic. 'This transaction demonstrates the...

Gold exploration and development company Lexington Gold said drilling operations had commenced at its Carolina Belle and Jones-Keystone-Loflin projects in the US. The exploration drilling campaign...

Mining development and exploration company Greatland Gold said the Juri joint venture with Newcrest Mining would advance to stage 2, potentially accelerating the Juri exploration programme in...

Mining company Rambler Metals and Mining said drilling at its the Ming copper and gold mine in Canada had improved its confidence in near-term production plans. Highlights included encountering...

Mining group SolGold said a maiden estimate of the 'indicated' mineral resource for the Tandayama-America deposit at its Cascabel project in northern Ecuador was 233 million tonnes. The 'inferred'...

Advertising group Tremor International said it had acquired CTV video ad server and media management platform Spearad for $14.7 million. The acquisition sum being covered with $11 million of...

Exploration group Alien Metals said a scoping study at the Hancock iron ore prospect in Australia demonstrated 'exceptionally strong' returns were possible from a potential development....

Harland & Wolff said its Arnish facility had won a contract for the fabrication of four suction piles for a sub-sea template of an energy project in the Black Sea. The contract would commence...

Mining company BHP reported a fall in iron ore, copper and coal production in the September-quarter as maintenance work at Olympic Dam held back volumes. Ire-ore production fell 4% to 63.3 Mt...

Oil company United Oil & Gas said a new well had been brought into production at the Abu Sennan licence, onshore Egypt. The ASX-1X exploration well had been brought straight onto production...