Latest Economic and Market News

Natural resource development company Contango said ongoing discussions with a potential offtake partner for coking coal produced at its Lubu coking coal project in Zimbabwe continue to progress...

Cryptocurrency mining company Argo Blockchain said it had signed the Crypto Climate Accord in partnership with DMG Blockchain Solutions to promote the decarbonisation of the cryptocurrency...

AssetCo said it had reached an agreement to acquire Saracen Fund Managers for £2.75 million. Saracen is an independent, FCA regulated, fund management business based in Edinburgh that was...

UK gas company Iog said it had signed a collaboration agreement with GeoNetZero CDT, Heriot-Watt University's Centre for Doctoral Training. Under this agreement, IOG would support research into...

E-therapeutics said it had conditionally raised £22.5 million through the placing of shares at a price of 24 pence. That was below the prior day's (13 May) closing price of 33 pence. The proceeds...

Aircraft leasing company Avation said it has sold at current market rates an ATR 72-600 aircraft to an unnamed regional aircraft lessor. The aircraft is on lease to the South Asian airline...

Clinical stage biopharmaceutical company Faron Pharmaceuticals said it had signed a sub-license agreement for the rights to U.S. patent related to patent related to Traumakine. Traumakine is...

Mineral exploration company Kavango Resources said it had identified seven targets in its South Ghanzi copper exploration project in the Kalahari copper belt in Botswana. The seven targets were...

Home builder Crest Nicholson said it expected profit to receive a one-off boost after it agreed to sell its 50% stake in Longcross Studio, a film studio, to Longcross General Partner, an Aviva...

Real estate investment trust LXi REIT said it had acquired Cazoo click & collect facility in Doncaster and two additional drive-thru coffee units in Edinburgh and Dumbarton for a combined £6.1...

Real Estate company LondonMetric Property said it had acquired three logistics warehouses in Croydon, Dunstable and Warrington for a combined £18.7 million. The acquisitions reflected a blended...

Private equity fund Apax Global Alpha said Global-e, a provider of cross-border e-commerce solutions, had made its public market debut on the Nasdaq Global Select Market on 12 May 2021. The...

Infrastructure investor John Laing said it wrapped its investment in the Colombian road public private partnership project Pacifico 2 after receiving all necessary approvals. The company acquired...

Online competitions organiser Best of the Best confirmed that revenues and pre-tax profits for the year were expected to be in line with market expectations. 'The board looks forward to updating...

Total quality assurance provider Intertek said it had agreed to acquire SAI Global Assurance, a provider of assurance services, for A$855 million. 'With the acquisition of SAI Global Assurance,...

Insurance group Direct Line appointed chief strategy officer Neil Manser as chief financial officer after Tim Harris decided to retire as CFO. Manser had been acting CFO since January 2021, after...

Tin mining company AfriTin Mining said it had raised £13 million through a discounted equity placing. The company placed 216,666,667 shares at a price of 6 pence per share, a 12.5 discount to the...

Pub group Marston's said it had appointed Andrew Andrea as its chief executive officer. Andrew was currently the company's chief financial officer and would step into the new role on 3 October....

Nanomaterials manufacturer Nanoco said it was pleased with progress in its patent infringement litigation against Samsung. A US court had now issued a final report on a previous Markman hearing....

Precious and base metals exploration and development company Greatland Gold said it had commenced the underground decline access at Havieron Havieron gold-copper project. 'By providing access to...

UK gross domestic product fell by 1.5% in the first quarter, according to a 'preliminary' reading from the Office for National Statistics. The reading was slightly better than expectations of a...

Respiratory diseases focused Synairgen posted a deeper annual loss after it ramped up spending on research and development. Pre-tax losses for the year through December amounted to £17.7 million,...

Water-saving technology group Xeros Technology said Chinese license partner Jiangsu SeaLion Machiner had launched a brand comprising a range of commercial washing machines. The Hydrology machines...

Great Western Mining said its drilling campaign on the Trafalgar Hill prospect in Mineral County, Nevada, was ahead of schedule and had intercepted the main shallow target structure, providing a...

Cocktail bar company Nightcap said it had completed a planned £10 million equity raising to help fund the purchase of nine more bars. Shares in the company were offered at 23p each. Story...

Pharmaceutical company Diurnal said it had extended its exclusive licence agreement with the specialty pharmaceutical company, Citrine Medicine for rare disease drug Efmody for an up-front payment...

Real estate investment trust LXi REIT said it had exchanged contracts on the forward funding acquisition of a portfolio of nine Costa drive-thrus and an industrial asset for a total cost of £36...

Media platform Future said it had acquired Marie Claire US, a joint venture between Marie Claire Album S.A.S. and Hearst Magazines Media Inc. Future entered into a five year license agreement...

Real Estate company Great Portland Estates said it joint venture GHS had completed the office leasing of 18 Hanover Square in London on the first floor to an unnamed financial services company....

Defence contractor Ultra Electronics said it had recorded flat revenue growth so far in 2021 and continued to forecast 'another year of good progress'. Maritime revenue was marginally behind the...

Mining company Antofagasta said it had set two new greenhouse gas reduction targets as part of its climate change strategy. Under the new targets, the company aimed to cut its direct and indirect...

Industrial and engineering software company Aveva said it expected to complete the £2.6 million sale of its Acquis Software, Termis Software and Water Loss Management Software businesses to...

Home builder Redrow said it had appointed Richard Akers as its new chairman. He would replace John Tutte, who this year decided to retire having been in the position since April 2019 following the...

Conveyancing services group ULS Technology upgraded its guidance, forecasting a shallower-than-feared underlying loss thanks to a recovery in sales. Underlying pre-tax losses for the year through...

Liquid biopsy company, Angle said cancer research institute, Fondazione IRCCS Istituto Nazionale dei Tumori, in Italy, used the company's parsortix system to isolate circulating tumour cells in...

Energy company Advance Energy hailed progress on the planned drilling of the Buffalo-10 well expected to get underway in the fourth quarter of 2021. 'We are delighted to hear this progress from...

Uranium investor Yellow Cake said it had it purchased 343,053 pounds of uranium oxide in the market for $10 million. The uranium was acquired at a price of $29.15 per pound and delivery would be...

Infrastructure company InfraStrata said it had won a £1.6 million contract from a unnamed ferry company for the repairs of two of its ferries at Harland & Wolff (Belfast). Repair works on the...

Social media and marketing group Brave Bison said it had won a contract renewal from VOXI to serve as the latter's influencer marketing partner following a successful trial campaign at the end of...

Fishing equipment retailer Angling Direct swung to a profit as sharp rise in annual sales boosted revenue. Martyn Page, currently executive chairman, said he intended to seek re-appointment to...

Conygar Investment reported a fall in first-half net asset value but said it expected to see signs of a return to normalcy following the pandemic impact. Net asset value was £86.7 million at 31...

Payments company Bango said it had teamed up with NTT Data to expand its payment platform across Asia. 'Merchants integrated to Bango now have access to the most popular mobile wallets and...

Mining investor Metal Tiger welcomed news that drilling had commenced on the Kitlanya East project area in Botswana. The project was being developed by Kalahari Minerals, of which Metal Tiger...

Bus and train operator FirstGroup said it had reached an agreement with the Department for Transport on the termination fee payable for the TransPennine Express train operating company. The...

Brazil-focused miner Serabi Gold said it had moved to terminate the employment contracts of two senior managers after it identified cash withdrawals that lacked documentary support. Serabi...

Specialist engineer Pressure Technologies said it had appointed James Locking as chief financial officer. Locking had been serving as interim CFO since October, having joined the company in...

Telecommunications infrastructure company Helios Towers said had agreed to acquire a passive tower infrastructure portfolio from telecom company Omantel for $575 million. 'Through the transaction,...

Pharmaceutical consultancy Physiomics said it been awarded a first contract from new client Numab Therapeutics, a biopharmaceutical company based in Zurich. Numab was developing multi-specific...

Enterprise software group Oxford Metrics said motion measurement business Vicon had won a contract from game developer Sharkmob. Oxford Metrics said that Sharkmob would launch a performance...