Economic and Market News for 1 October 2020
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01 Oct
09:59Caledonia Mining lifts quarterly dividend amid 'increasing confidence' in outlookCaledonia Mining declared an increased quarterly dividend of 10 US cents, citing 'increasing confidence' in the outlook for its business amid strong production and higher gold prices. The...
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01 Oct
09:55Digitalbox acquires Tab Media for £750K, plans £1.2m subscription offering; chairman to step downDigital media business Digitalbox said it had acquired Tab Media for £750,000 in cash and said it would raise £1.2 million through an equity subscription offering to fund further acquisitions....
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01 Oct
09:49Bupa CFO to depart in March 2021Private healthcare provider Bupa said Joy Linton would depart as chief financial officer in March 2021 to take up 'major' new appointment in Australia. Martin Potkins, Bupa's corporate...
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01 Oct
09:46Drumz raises £500,000 through discounted equity placingDrumz said it had raised £500,000 before expenses through a discounted equity placing. The company issued 90,909,091 at an issue price of 0.55 pence each, representing a discount of 4% on the...
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01 Oct
09:24Corero Network Security hails record order intake over $6m in Q3Cybersecurity firm Corero Network Security announced record order intake in its third quarter for the three months ended 30 September 2020, with over $6 million booked during the quarter. The...
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01 Oct
09:10Bigblu Broadband completes sale of UK, European satellite broadband operations to EutelsatAlternative broadband services provider Bigblu Broadband said it had sold its UK and European satellite broadband operations to Eutelsat S.A. for £39.3 million. Additional consideration of up to...
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01 Oct
08:41Inland Homes sells two separate 'build to rent' funds in High Wycombe for £52.8mBrownfield developer and housebuilder Inland Homes said it had sold two two separate 'build to rent' funds within its house developments in High Wycombe for a combined £52.8 million. The group...
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01 Oct
08:33Attraqt plans to raise £4m equity placing at premium to fund Aleph Search acquisitionOnline experience group Attraqt said it had acquired Aleph Search, an artificial intelligence powered search technology, and announced a £4 million equity placing at a premium to fund deal and...
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01 Oct
08:00Clear Leisure shares temporarily suspended from trading amid delay in delivering final resultsInvestment company Clear Leisure said its shares would be temporarily suspended as it was unable to deliver its final results by 30 September 2020. 'Due to the delay in publishing of the...
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01 Oct
07:52Actual Experience receives initial order from OracleAnalytics-as-a-service company Actual Experience said it had received an initial order from Oracle for its new human experience management offering. The order would see the Actual Experience...
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01 Oct
07:49Etalon completes construction of Schastye na Sokole project in MoscowDevelopment and construction group Etalon said it had completed the Schastye na Sokole project, located in the northern administrative district of Moscow. The business class project Schastye na...
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01 Oct
07:36Burford Capital profit falls in H1 as pandemic dents incomeFinance and asset management law firm Burford Capital reported a fall in first-half profit as the impact of the pandemic dented new business wins. For the six-month period ended 30 June 2020,...
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01 Oct
07:35Pollen Street agrees manager change for PSC Credit HoldingsThe board of the Pollen Street Secured Lending investment trust has agreed to appoint a new alternative investment fund manager (AIFM) and a new delegated portfolio manager. Effective from 1...
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01 Oct
07:29De La Rue appoints Rob Harding as CFOBritish banknote manufacturer De La Rue said it had appointed Rob Harding as chief financial officer starting immediately. Harding joined De La Rue as interim CFO on 9 March 2020. Prior to...
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01 Oct
07:26Rolls-Royce plans £2bn rights issueRolls-Royce plans to raise approximately £2 billion through a fully underwritten 10 for 3 rights issue, it announced this morning. The rights issue should improve liquidity and reduce balance...
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01 Oct
07:25Britvic sells juice assets in France to RefrescoSoft drinks maker Britvic said it had completed the sale of its juice assets in France to Refresco. The sale included three juice manufacturing sites, related private label juice business and...
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01 Oct
07:13Kingfisher completes sale of Castorama Russia to Maxidom for £73mHome improvement retailer Kingfisher said it had completed the sale of Castorama Russia to Maxidom, a home improvement company in Russia, for a RUB 7.4 billion, or about £73 million. Under the...