Economic and Market News for 1 February 2021
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01 Feb
14:24Power Metal Resources provides update on Botswana joint venturePower Metal Resources said it is going ahead with exploration on the South Ghanzi project in the Kalahari Copper Belt, Botswana. A combined airborne electromagnetic (AEM) and magnetic geophysics...
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01 Feb
14:02Sportech agrees to sell Bump Worldwide to Canadian Bank NoteBetting technology business Sportech said it has entered into a conditional agreement to sell its Bump Worldwide business to Canadian Bank Note (CBN) for £5.7 million. CBN operates across four key...
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01 Feb
13:39Trident Royalties receives $291,832 in revenues during Q4Trident Royalties said it received $291,832 from royalty payments during the fourth quarter. The royalty payments were from the iron ore royalty at Koolyanobbing and copper ore at Mimbula....
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01 Feb
13:12AstraZeneca set to receive up to $780 million for Horizon’s takeover of VielaAstraZeneca has agreed to sell its 26.7% stake in Viela Bio as part of the proposed acquisition of Viela by Dublin-based Horizon Therapeutics. AstraZeneca is expecting to receive cash proceeds and...
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01 Feb
10:13Remoted Monitored Systems mask production delayed by Covid-19 infectionsRemoted Monitored Systems said production of anti-viral masks had been delayed after two engineers contracted COVID-19. The engineers were from Lemu, the manufacturers of a mask making machine....
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01 Feb
09:56Castillo Copper appoints two services providers to accelerate copper discovery at Big One depositBase metal explorer Castillo Copper focused said it had appointed two key service providers to accelerate the next phase of development at the new copper discovery at Big One deposit, within the...
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01 Feb
09:49Learning Technologies completes acquisition of ReflektiveDigital learning and talent management services provider Learning Technologies confirmed it had completed the acquisition of Reflektive after meeting all required conditions. At 9:49am:...
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01 Feb
09:47Parity wins $5m broadband contract from Scottish governmentProfessional services group Parity said it had won an up to $5 million contract from the Scottish government for broadband infrastructure work. The company said it had been selected as the...
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01 Feb
09:33Avacta's JV AffyXell receives $7.3 million in series A financingBiotherapeutics and reagents company Avacta said AffyXell Therapeutics, its joint venture with Daewoong Pharmaceutical, had closed a series A venture capital investment of $7.3 million to further...
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01 Feb
09:31Iconic Labs says Greencastle Capital terminates management service agreementsMedia and technology business Iconic Labs said Greencastle Capital had issues notices of terminations of the management service agreements with the company following the resignation of key senior...
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01 Feb
09:26Gresham House Energy Storage Fund acquires 35MW Port of Tyne and 10MW Nevendon projectsBattery storage fund Gresham House Energy Storage Fund said it had completed the acquisitions of a 35 megawatt battery project located in North Shields, Tyne and Wear and a 10MW battery project...
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01 Feb
09:21Coca-Cola European Partners receives regulatory approval to acquire Coca-Cola AmatilConsumer goods company Coca-Cola European Partners confirmed that it had received regulatory approval from the Australian Foreign Investment Review Board to acquire Coca-Cola Amatil. The approval...
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01 Feb
09:17Union Jack Oil says well at Wressle flowing continuouslyOil company Union Jack Oil said work on the Wressle oilfield development in North Lincolnshire had been completed, with a key well placed on continuous test production. The development was located...
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01 Feb
09:13San Leon Energy says funding, preparation progressing for Oza field in NigeriaOil company San Leon Energy said definitive loan documents for the development of the Oza field in Nigeria were being finalized. Well site and drilling location preparation for the Oza-1 well...
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01 Feb
09:02Quadrise Fuels hails positive test results for bioMSAR productAlternative fuel developer Quadrise Fuels International said initial testing of its bioMSAR product confirmed it was viable as a diesel engine fuel. The testing, at Aquafuel Research Ltd's UK test...
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01 Feb
08:59Europa Oil & Gas announces oil flow at Wressle fieldOil and gas company Europa Oil & Gas said oil had started to flow at the Wressle oil field in North Lincolnshire. This followed the safe completion of operations to recomplete the...
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01 Feb
08:57Frenkel Topping acquires A & M Bacon, Partners in Costs for £9mIndependent financial advisor Frenkel Topping said it had acquired specialist cost law firms A & M Bacon and Partners in Costs for a total of up to £9 million. The acquisitions were firmly...
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01 Feb
08:56Phoenix Global Resources bridging facility upped to $20mOil company Phoenix Global Resources said a bridging facility provided by Mercuria had been upped to $20 million while the companies continued debt restructuring talks. 'The board continues to...
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01 Feb
08:37Panthera Resources completes sale of Kalaka project in MaliGold miner Panthera Resources said the planned sale of its Kalaka project in Mali to Moydow had been completed. Panthera had announced a divestment its interests in the Labola gold project in...
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01 Feb
08:32Asos acquires Topshop, Topman, Miss Selfridge, HIIT brands for £265mOnline fashion retailer Asos said it had acquired Topshop, Topman, Miss Selfridge and HIIT brands for £265 million. The acquisition of these iconic British brands would help 'accelerate our...
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01 Feb
07:53IDE eyes further cost cuts, maintains outlook as earnings declineCloud and IT services provider IDE touted further cost cuts and maintained its outlook on annual performance as second-half revenue and earnings declined compared with the first half of the year,...
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01 Feb
07:53Sigma Capital JV appoints property manager Kinleigh Folkard & HaywardRental property and urban regeneration developer Sigma Capital said its joint venture with EQT Real Estate had appointed Kinleigh Folkard & Hayward. The property services group would assist...
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01 Feb
07:45SkinBioTherapeutics ups size of consumer food supplement studySkin health focused SkinBioTherapeutics said it had increased the size of a food supplement consumer study to 250 participants, up from 200, following a high level of demand. The company and...
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01 Feb
07:43Drax completes sale of gas assets to VPI GenerationPower generation group Drax said it had completed the sale of Drax Generation Enterprise, which held four combined cycle gas turbine power stations, to VPI Generation. Following the sale Drax no...
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01 Feb
07:41Zytronic launches £10m share buybackTouch screen manufacturer Zytronic said it planned return up to around £10 million to shareholders via a share buyback. Zytronic shares were being acquired in a tender offer for 145p each....
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01 Feb
07:41JD Sports Fashion to acquire DTLR Villa for $495 millionSportswear retailer JD Sports Fashion said it had entered into a conditional agreement to acquire DTLR Villa for $495 million. Based in Baltimore, Maryland, and currently majority owned by BRS...
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01 Feb
07:37SDI acquires metal enclosures group Uniform EngineeringDigital imaging technology group SDI said subsidiary Monmouth Scientific had acquired Uniform Engineering for £0.35 million. Uniform was a manufacturer of bespoke metal enclosures and housings...
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01 Feb
07:26Open Orphan renews contract with Carna BiosciencesPharmaceutical services group Open Orphan said it had secured a contract renewal with Carna Biosciences. Carna Biosciences was a clinical-stage biopharmaceutical company focused on development of...
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01 Feb
07:23Totally wins contract extensions worth £16.8mOut-of-hospital care group Totally said its Vocare unit had won two 12-month contract extensions worth about £16.8 million combined. Totally said that Vocare would continue to provide integrated...
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01 Feb
07:14Sumo acquires Polish video game developer PixelAnt GamesVideo game developer Sumo said it had acquired Poland's PixelAnt Games for an initial £0.25 million, plus potential performance payments. A further amount may be payable, in Sumo shares, depending...
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01 Feb
07:11Ferguson completes sale of Wolsely UK to Clayton, Dubilier and RicePlumbing company Ferguson said it had completed the sale of Wolseley UK, its plumbing and heating distribution business, to Clayton, Dubilier and Rice. 'The company previously announced its...
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01 Feb
07:10Euromoney Institutional Investor acquires The Jacobsen for $12.3mB2B information services provider Euromoney Institutional Investor said it had acquired The Jacobsen, a price reporting agency, for $12.3 million. The Jacobsen is provided price assessments and...
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01 Feb
07:09S4Capital acquires Datalicious, upping Asia Pacific exposureAdvertising firm S4Capital said its MightyHive business had acquired the assets of Asia Pacific-focused Google marketing platform Datalicious, for an undisclosed sum. The purchase from Equifax...
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01 Feb
07:07AstraZeneca's Covid-19 vaccine wins EU approvalPharmaceutical giant AstraZeneca said its Covid-19 vaccine, developed in partnership with the University of Oxford, had been granted a conditional marketing authorisation in the European Union....
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01 Feb
07:04Virgin Money UK incoming CFO Clifford Abrahams to arrive in MarchBanking group Virgin Money UK said incoming chief financial officer Clifford Abrahams would assume the role from 8 March. The company first announced Abrahams's appointment in November. Story...