Economic and Market News for 1 September 2020
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01 Sep
14:37Jangada Mines welcomes positive drill assay results from ValOre in BrazilJangada Mines welcomed the release of positive assay results from drilling conducted by 17.7%-owned ValOre Metals at its Pedra Branca platinum group elements project in northeastern Brazil....
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01 Sep
14:03Alien Metals appoints Bill Brodie Good as CEOMining group Alien Metals said it had appointed technical director Bill Brodie Good as its chief executive. Good had been a director of the company since July 2019 and heavily involved in its...
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01 Sep
14:00Metal Tiger appoints Adrian Bock as CFOMining investment group Metal Tiger said it had appointed Adrian Bock as its new chief financial officer. Bock was recently CFO of D.light Design, which provided solar power solutions to...
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01 Sep
13:57Agronomics invests €3m in alternative protein producer Solar FoodsClean meat sector investor Agronomics said it had tipped €3m into a €15m financing round launched by Finish alternative protein producer Solar Foods. The investment gave Agronomics a 5.35% equity...
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01 Sep
13:29Karelian Diamond Resources commences exploration work in FinlandKarelian Diamond Resources said it had commenced a fieldwork exploration programme on its Lahtojoki South exploration permit, adjacent to its Lahtojoki diamond deposit in the Kaavi region of...
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01 Sep
13:15SSE sells stake in Walney offshore wind farm to Greencoat UK wind for £350mPower utility SSE said it had agreed to sell its 25.1% stake in the 367 megawatt Walney offshore wind farm to Greencoat UK Wind for £350m. SSE said the sale marked the first stage of a plan stated...
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01 Sep
10:00Cambridge Cognition wins £2m contract for three late phase schizophrenia trialsCognitive assessment software provider Cambridge Cognition said it had won a £2m contract as the cognitive assessment partner for three late phase clinical trials for a pharmaceutical company's...
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01 Sep
09:59San Leon Energy invests $7.5m for development of Oza field in NigeriaOil company San Leon Energy said it had agreed to invest $7.5m by way of a loan to Decklar Petroleum, the Nigerian subsidiary of Toronto-listed Asian Mineral Resources. Decklar was the holder of a...
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01 Sep
09:55Urban Logistics REIT mulls equity raising to fund £389m acquisition pipelineProperty investor Urban Logistics REIT said it could potentially raise equity to help fund an acquisitions pipeline estimated to be worth around £389m. The pipeline comprised 33 assets with a...
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01 Sep
09:54CIP Merchant Capital makes £1.1m profit on sale of stake in CircassiaInvestment management company CIP Merchant Capital said it sold its stake in Circassia, a biopharmaceutical company, for about £3.9m. The sale price resulted in a net profit of £1.1m for the...
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01 Sep
09:50Chesnara receives regulatory nod to buy term life, savings policies portfolio in NetherlandsLife and pensions Chesnara confirmed that it had received regulatory approval to complete its acquisition of the Dutch insurance portfolio of Belgian-owned Argenta Bank-en Verzekeringsgroep. All...
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01 Sep
09:46AFC Energy receives contract to sell fuel system to JulichHydrogen power generation technologies provider AFC Energy said it had received a contract to sell a 100kW H-PowerTM alkaline fuel cell system to Forschungszentrum Julich. Jülich would use the...
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01 Sep
09:39Panthera Resources seals sale of Labola gold project in MaliMining group Panthera Resources said it had completed a planned sale of its interest in the Labola gold project in Burkina Faso to Moydow. However, a sale of the Kalaka gold project in Mali to...
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01 Sep
09:35UK manufacturing PMI 'final' reading nudged down to 55.2The UK manufacturing purchasing managers' index was nudged down to 55.2, according to a 'final' reading from IHS Markit. The figure was slightly below the 55.3 preliminary 'flash' reading for...
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01 Sep
09:19Gresham House Energy Storage Fund reports flat net asset value total returns in H1Battery storage fund Gresham House Energy Storage Fund reported flat net asset value total return in the first half of the year, but said it remained on track to double its capacity by the end of...
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01 Sep
09:10Image Scan sees profit ahead of market expectations on better-than-expected marginsImage Scan, a provider fo X-ray imaging for the security and industrial markets, said profits would be ahead of current market expectations amid better-than-expected margins. While the year-end...
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01 Sep
09:02Savannah Resources sells Oman copper projects to Force CommoditiesMining group Savannah Resources said it had agreed to sell its copper projects in Oman to Sydney-listed Force Commodities. Savannah said it would received 50m Force shares at 1c each, plus...
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01 Sep
08:55Vodafone agrees to complete Indian tower deal with Bharti AirtelTelecom group Vodafone said it had agreed to complete a merger with Bharti Airtel of their telecom tower assets in India. Vodafone said it would end up with 28.2% of the combined company, in...
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01 Sep
08:53Carnival's Seabourn cancels additional voyages for three cruise shipsCruise operator Carnival said its Seabourn fleet cancelled additional voyages for three cruise ships as a part of its pause in global ship operations. Seabourn Ovation, Seabourn Encore, and...
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01 Sep
08:48Kodal Minerals signs MoU with Sinohydro to develop Bougouni lithium project in MaliMineral exploration and development company Kodal Minerals said it had signed a memorandum of understanding with Sinohydro, to develop its Bougouni lithium project in southern Mali. Chinese...
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01 Sep
08:10Saga to raise £150m; including investment from former CEO Roger De HaanOver-50s insurance and travel services provider Saga said it was planning to raise £150m from an equity raising, a large portion of which would include a strategic investment by former chief...
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01 Sep
08:05Hummingbird Resources completes acquisition of Kouroussa gold project in GuineaGold producer Hummingbird Resources said it had completed the acquisition of the Kouroussa gold project, located in Guinea. The company said it was awaiting to be awarded the mining licence for...
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01 Sep
07:58Verditek appoints Tim Bowen as CFOClean technology company Verditek said it had appointed Tim Bowen as its new chief financial office, effective immediately. Bowen was previously CFO of Indian renewable energy group Greenko. He...
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01 Sep
07:53N4 Pharma appoints Ardena as drug delivery device development partnerDrug delivery system developer N4 Pharma said it had appointed a unit of Dutch group Ardena as a contract development and manufacturing organisation partner for its Nuvec device. The contract,...
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01 Sep
07:48TT Electronics to help produce Covid-19 screening deviceElectronics components manufacturer TT Electronics confirmed its involvement in the trial of a non-clinical Covid-19 screening device at Heathrow airport in London. TT Electronics said it had been...
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01 Sep
07:42Tower Resources raises capital as it progresses Thali prospectAfrica-focused oil company Tower Resources sad it had agreed a six-month loan facility of $0.5m with Shard Merchant Capital and would also raise $0.2m from a share issue. In addition, Tower...
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01 Sep
07:36SigmaRoc acquires remaining 60% of GDH for £7.5mConstruction materials group SigmaRoc said it had agreed to acquire the remaining 60% of Welsh quarrying company GDH that it didn't already own for £7.5m. The acquisition agreement followed the...
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01 Sep
07:31Focusrite appoints Sally McKone as CFOMusic and audio products group Focusrite said it had appointed Sally McKone as its new chief financial officer. McKone was most recently finance and IT director for Precision Engineering, a...
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01 Sep
07:29Gem Diamonds recovers 233 carat diamond from the Letseng mine in LesothoDiamond producer Gem Diamonds said it had recovered a 233 carat type II white diamond from the Letseng mine in Lesotho. 'This follows the recent recovery of a high quality 442 carat Type II...
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01 Sep
07:27OnTheMarket appoints Jason Tebb as CEOReal estate portal OnTheMarket said it had appointed Jason Tebb as its new chief executive, effective from 14 December. Tebb was previously chief operating officer of property group Ulitmate...
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01 Sep
07:26Dunelm sales jump amid pent up demandHomewares retailer Dunelm reported a rise in sales in July and August, owing to pent up demand following pandemic-led store closures. Sales had been strong in the last two months, with total year...
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01 Sep
07:23M&G adds £15.5bn of assets under management after completing Ascentric dealWealth manger M&G , which was recently spun out of insurer Prudential, said it had completed its planned acquisition of Ascentric's UK wealth management platform from Royal London. The deal,...
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01 Sep
07:21AstraZeneca reports positive kidney disease trial results; lung cancer drug approvedPharmaceutical company AstraZeneca reported positive clinical results for its drug to treat patients with chronic kidney disease with and without type-2 diabetes. Results from the phase III...
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01 Sep
07:20Hipgnosis Songs acquires music catalogue of Motley Crue frontman Nikki SixxMusic rights investor Hipgnosis Songs Fund said it had acquired the music catalogue of musician, songwriter and producer Nikki Sixx, best known as the founding member of Motley Crue, for an...
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01 Sep
07:15Oxford Biomedica, AstraZeneca ink Covid-19 vaccine supply dealGene and cell therapy group Oxford Biomedica said it had signed an 18-month supply agreement with AstraZeneca for commercial manufacture of a Covid-19 vaccine candidate. The deal was part of a...
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01 Sep
07:08Rio Tinto still targeting first Oyu Tolgoi production as early as October 2022Mining company Rio Tinto said it was still targeting first production from Oyu Tolgoi copper project in Mongolia between October 2022 and June 2023. The company reiterated the guidance after...
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01 Sep
07:04Morgan Advanced Materials sells facility in PennsylvaniaSpecialist product manufacturer Morgan Advanced Materials said it sold a facility in Allentown, Pennsylvania to Best Engineered Surface Technologies, for an undisclosed sum. The facility was part...