Economic and Market News for 1 December 2017
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01 Dec
14:54Wall Street dips ahead of economic dataUS markets gave up some of their record breaking gains when trading got underway on Wall Street, with construction spending data due to be released later today and as the Senate prepares to vote on...
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01 Dec
14:49US manufacturing PMI falls to 53.9The Markit 'final' US Manufacturing Purchasing Managers' Index fell to 53.9 in November, down from 54.6 in October. The latest index reading signalled robust, albeit slower, overall growth in the...
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01 Dec
09:57Triple Point Social acquires properties for £10.4mTriple Point Social Housing has completed four acquisitions of supported housing properties, comprising 52 units, for an aggregate purchase price of around £10.4m. The four properties are located...
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01 Dec
09:48UK November manufacturing PMI 58.2; a four-year highThe UK manufacturing purchasing managers index stood at 58.2 in November, its highest level in four years, according to IHS Markit. "Manufacturing production expanded at the fastest pace since...
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01 Dec
09:46Galantas Gold closes private placingGalantas Gold Corporation - which has a 100% interest in Northern Ireland's Omagh gold mine -has closed the private placement for C$$ 1,165,857 in line with the terms and proposed placing price...
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01 Dec
09:35Pebble Beach Systems ends sale processPebble Beach Systems Group has terminated a sale process after several interested parties failed to make an offer considered adequate by the company. The broadcasting software provider said it...
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01 Dec
09:17PJSC NCSP proposes CEO replacementRussian port operator PJSC NCSP said it has approved the agenda of an extraordinary general meeting that will propose leadership changes. The early termination of powers of Sultan Batov as chief...
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01 Dec
09:10Third Point Offshore November return +0.1%Third Point Offshore said it achieved a return for the month of November of 0.1%. Year-to-date returns were 18.1%, the company said. At 9:10am: (LON:TPOG) Third Point Offshore Investors Ltd...
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01 Dec
08:56Beowulf shares fall on Kallak North decisionBeowulf Mining's shares tumbled after the county administrative board for the county of Norrbotten to the Swedish government decided not to recommend the award of an exploitation concession for...
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01 Dec
08:34Shire appoints new R&D headShire has appointed Andreas Busch as executive vice president, head of research and development and chief scientific officer. He will replace Howard Mayer, who will become Shire's chief medical...
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01 Dec
08:29Polo Resources company wins legal disputePolo Resources said investee company Celamin Holdings had received a favourable decision in an arbitration dispute. The dispute was with joint venture partner Tunisian Mining over the fraudulent...
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01 Dec
08:28Barclays reduces stake in BAGLBarclays said its shareholding in Barclays Africa Group Limited was set to fall to from 21.9% to 14.9%, in line with previously announced expectations. It said that settlement of the transfer...
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01 Dec
08:24SkinBioTherapeutics gets Australian patentSkinBioTherapeutics has been granted the first patent for its skin treatment technology in Australia. The patent covers the use of specific probiotic bacteria and lysates in the treatment of skin...
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01 Dec
08:20Petro Matad funding arrangement terminatedPetro Matad said a share purchase and convertible securities deed with Bergen Global Opportunity Fund had been terminated by the parties by mutual consent. As a result of the termination, no...
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01 Dec
08:14Randall & Quilter signs contract worth up to $10mRandall & Quilter said its Accredited Surety and Casualty unit had agreed to an insurance arrangement with The Hotaling Group that would generate up to $10m in gross written premium. ASC wouls...
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01 Dec
08:09Purplebricks partners with FeefoPurplebricks Group has partnered with customer review site Feefo, a move it said will provide customers with more opportunities to review its service. Purplebricks said it was currently working on...
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01 Dec
08:05Victoria Oil & Gas well start expected mid-DecemberVictoria Oil & Gas said it expected production to commence from a new well in Cameroon in December following a delay. After reaching its total depth, the rig drilling the La-108 well...
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01 Dec
08:00Tissue Regenix CFO resignsTissue Regenix Group said chief financial officer Paul Devlin has resigned. The company said it would commence a search for his successor. "Paul played a significant role throughout the fundraise...
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01 Dec
07:49Rose Petroleum competes Mexico mill saleRose Petroleum has completed the disposal of its mineral processing mill operation in San Dieguito de Arriba, Mexico to Magellan Gold for $1.5m Of the proceeds, $1.0m was payable in cash, with the...
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01 Dec
07:45R&Q completes asset sale for $22.6mR&Q has completed the sale of its Lloyd's managing agency to Coverys for $22.6m, having secured relevant approvals. After costs and related incentive and other payments, the sale will...
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01 Dec
07:40Midwich acquires Sound TechnologyMidwich has acquired Sound Technology, a UK-based distributor of audio and lighting solutions, from founder Robert Wilson for an undisclosed sum. The target generated revenue of around £21m in the...
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01 Dec
07:36RM2 International faces funding challengePallet provider RM2 International said it has not yet been able to secure sufficient funding to provide a production forecast for its Chinese manufacturing partner Zhenshi. The company had stated...
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01 Dec
07:337digital plans to raise £8.5m7digital Group plans to raise £8.5m through a placing, subscription and open offer. It said the net proceeds would be used to capitalise on the growth opportunities of the company's B2B streaming...
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01 Dec
07:26CMS invests £3m in Destiny PharmaCMS Medical Venture Investment has invested £3.0m in Destiny Pharma to accelerate the development of the company's pipeline of drug candidates. This follows finalisation of the development and...
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01 Dec
07:19TLA Worldwide appoints new CFOTLA Worldwide has appointed Richard Shamsi as its chief financial officer, effective from January 2. Shamsi was most recently CFO of AKQA, a wholly-owned operating company of WPP. Prior to that,...
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01 Dec
07:15Thalassa sells WGP Group for up to $30mThalassa Holdings has agreed to sell WGP Group to Fairfield Industries for a up to $30m. The company will receive an initial payment of $20m, with a further $10m contingent on certain customer...
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01 Dec
07:10Redefine International changes nameRedefine International has changed its name to RDI REIT, an acronym for Real Estate Diversified Income REIT. The company said the new brand is synonymous with its intention to become "the UK's...
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01 Dec
07:07RHI Magnesita completes asset salesRHI Magnesita said it had completed asset sales that were a condition of a merger with RHI's dolomite busienss, raising a total of €42.6m. RHI AG and Magnesita had agreed to sell plants to...