Latest Economic and Market News

Gold producer Caracal Gold said two drill rigs had arrived on-site ahead of commencement of the drilling at its Kilimapesa mine in Kenya. Drilling programmes at Kilimapesa would 'commence...

Energy group Parkmead reported wider losses owing to a £10.9 million writedown of assets related to the relinquishment of licences in the UK North Sea. For the year ended 30 June 2021, pre-tax...

Life sciences investment company NetScientific said it had invested further $1 million into its lifesciences' portfolio company, EpiBone. EpiBone is a regenerative medicine company focused on...

Sustainable building products company Alumasc said that Vijay Thakrar would take up the role of non-executive Chairman starting 1 January 2022. Thakar's appointment followed the retirement of...

Exchange services group Aquis Exchange said it had appointed Glenn Collinson as chair to succeed Niki Beattie. Collinson, who will take up the role on 1 January 2022, joined the company's board...

Gasification solutions company Eqtech said it had signed a collaboration agreement with consulting and engineering firm Wood to jointly target opportunities to develop waste-to-synthetic natural...

Synthomer said it had appointed Lily Liu as Chief Financial Officer Lily. Liu, who would start her new role no later than 1 July 2022, succeeded Steve Bennett who announced in August 2021 that he...

Mental health platform Kooth said it had appointed Dr. Tim Budden as Chief Technical Officer. In this role, Budden would be responsible for the further development, and innovation, of Kooth's...

Hochschild Mining said its mining operations in Peru would continue to operate under the current framework, after the government in Peru made a u-turn plans to rule out timeline extensions for...

Aviation logistics specialist John Menzies said it had secured an extension to its ground services partnership with easyJet at 21 airports across Europe. The contract renewals would 'see Menzies...

Pharmaceutical development company Nuformix reported positive data from a pre-clinical trial of its lead drug candidate to treat idiopathic pulmonary fibrosis. The in vitro studies demonstrated...

Transport technical services group Journeo said it had won a three-year contract worth £1.3 million for CCTV technology management from Arriva UK Bus. Under the agreement, the company would...

MyHealthChecked said it had launched two home testing services for travellers entering and departing the UK. On 24 November the company would begin selling a rapid antigen test and a verification...

Technology Minerals said its 49% owned subsidiary Recyclus had signed a partnership agreement with Slicker Recycling, a waste management company, to create a venture aimed at improving battery...

Heat management technology group Zenova said it had won a three-year contract from a Spanish company to supply its products in four European countries. The contract, which commences on 1 January...

Asiamet Resources said it had intersected strong gold and silver mineralisation at its BKZ deposit in Central Kalimantan, Indonesia following recent drilling. The intersections included 29 meters...

ContourGlobal said that it had completed the acquisition of Green Hunter, a portfolio of solar photovoltaic assets in Italy, for €45.6 million. The deal, which was conducted in partnership with...

IT infrastructure technology and services company Softcat reported year-on-year profit and revenue growth in the first quarter of the year as demand remained 'high.' For the first quarter ended...

Energy producer Kistos said it had spudded the Q11-B appraisal well in the Netherlands. As previously announced, the Q11-B appraisal well was anticipated to take a minimum of 6 weeks to drill and...

People-screening technology company Thruvision reported wider first-half losses as revenue more than halved after last year's large sale to US Customs and Border Protection in H1 wasn't repeated...

Customer engagement software company Pelatro said it had won a contract worth about $1 million from an unnamed African telco to provide its mViva campaign management solution. The contract, which...

SDCL Energy Efficiency Income Trust said it had invested invested approximately $21 million in an operational portfolio of LED lighting projects in the United States, together with a 50% stake in...

Mining giant BHP said it had agreed to merge its oil and gas portfolio with Woodside to create a global energy company that would be listed on the ASX. 'Merging our petroleum business with...

Drug Discovery company C4X Discovery pioneering said that Craig Fox would be stepping down from his role as chief scientific officer. A search for a new chief scientific officer had commenced....

Pioneer Media said it had raised about C$1.1 million in a private placement to raise funds for additional investments. The company sold 1,103,932 units at C$1.00 per unit. Each unit consisted...

Cell-based therapeutics maker ReNeuron said its stem cell platform new data showed commercial potential to develop therapeutics for peripheral nerve repair. The data showed that ReNeuron's...

Listed residential landlord Grainger said it had appointed Michelle Boothroyd as its chief people officer. Boothroyd was previously People Director at Nationwide, where she was responsible for...

Halma said it had acquired Infinite Leap for its medical sector business, CenTrak, which provides location services for healthcare facilities, for up to $47 million. Infinite Leap, a healthcare...

Home improvement retailer Kingfisher upgraded its outlook following a 'good' start to the fourth quarter after a third-quarter sales slipped amid 'tough' prior-year comparatives. Full year...

National Grid reported a surge in first-half profit, driven by a boost from the WPD acquisition and a first-time contribution of interconnector, IFA2, which linked France and Britain's power...

Distribution and services group Bunzl said it had recently acquired Workwear Express and Hydropac. Workwear Express, based in Durham, UK, was a personalised workwear and promotional clothing with...

Gambling company Flutter Entertainment said it had acquired Tombola, an online bingo operator, for an enterprise value of £402 million. The acquisition is expected to diversify Flutter's products,...

Gaming software provider Playtech confirmed media reports that it had received a preliminary approach from JKO Play relating to a possible rival offer for the company amid interest from Gopher and...

Merchant banking group Close Brothers said that Martin Andrew had decided to step down from his role as chief executive of Close Brothers Asset Management to pursue the next stage of his career....

Digital transformation services group Silverbullet Data said it had won its first significant '4D' agency contract with German media agency Pilot. Pilot was part of the Local Planet network with...

Resources group Strategic Minerals said it had identified further significant high-grade tin in four pit samples taken to the west of the main Redmoor deposit in Cornwall. The company said it had...

Touch sensor manufacturer Zytronic said chairman Tudor Davies would resign from the company's board in February. He would be succeeded by current non-executive director David Buffham. Story...

Mining company Pantheon Resources said it had entered into a short-term draw down facility of $1.5 million with an existing shareholder. The company noted that it must complete either a farmout or...

Transitional energy company Chariot said it had signed binding key terms of a long-term joint development partnership, with Total Eren, a France-based renewable energy power producer. The...

Resources company Rambler Metals and Mining said it continued to intersect high-grade copper at its Ming mine in Canada. Highlights included intersecting 9.45 metres at 3.54% copper. 'The...

Investment management group Kingswood said it had agreed to acquire assets of Smythe and Walter, an independent financial planning business, for up to £840,000. 'Smythe and Walter are a growing...

Gold producer Caracal Gold said its prospecting licence at the Kilimapesa gold mining and processing operations in Kenya, had been renewed for a further three years. The prospecting license...

Oil company Wildcat Petroleum said it had appointed Simco Petroleum as consultants. The company said it had commissioned Simco to produce a report on oil and gas licences it had previously...

Bioplastics and radio frequency technology business Biome Technologies warned on revenue after an expected acceleration of further offtake was delayed until next year as a customer 'manages...

Dietary supplements group OptiBiotix Health said it had formed an Indian subsidiary. OptiBiotix had in March announced the appointment of Dr Taru Jain to focus on business development and growing...

The UK consumer price index rose 4.2% in September, according to the Office for National Statistics. The market was expecting a more modest rise of 3.9%. Story provided by StockMarketWire.com

Cyber defense company Corero Network Security said it had recently secured a number of 'significant' customer orders totalling over $4 million since the half year. Revenues for these recent...

Residential landlord Grainger said it had acquired two sites for direct development build-to-rent opportunities. The sites totalled a potential of 480 new homes within Grainger's planning and...

Mining giant Glencore said it had entered into an agreement with Evolution to sell its stake in Ernest Henry Mining, the owner of the Ernest Henry Mining copper-gold mine in Queensland, Australia,...