Economic and Market News for 1 December 2020

Private client services provider JTC has announced that chief executive Nigel Le Quesne will be appointed as a non-executive director of Brooks Macdonald International Investment Funds, formerly...

The directors of Thor Mining have advised of high grade gold in stream sediment samples, from the third phase of gold geochemical sampling, carried out in October, at the 100% owned Pilbara...

Supermarket group Morrisons has published an update on actions taken by the board of directors and remuneration committee in respect of two of the resolutions put to shareholders at the 2020 AGM,...

Gold exploration and development company Panthera Resources has announced that its associated company Moydow has commenced drilling at its Paimasa Project in Nigeria through Moydow's joint venture...

Medical technology company Inspiration Healthcare said it has won the AIM Transaction of the Year Award for its acquisition of S.L.E this year. Inspiration Healthcare announced the acquisition of...

Shipping and offshore markets services provider Clarkson has announced the appointment of Deborah Abrehart as company secretary with immediate effect, following the resignation of Rachel Spencer....

Gold miner Wishbone Gold has applied for a new exploration licence to the South and West of its Wishbone licences in northern Queensland, Australia, which will increase the land tenure in the...

Oil company Genel Energy said it had been received payment from the Kurdistan Regional Government for oil sales made in October. Genel had received a payment of $2.2 million and $8.1 million in...

Wastewater screening group Vulcan Industries said there would be a further delay in the publication of its financial results for the year through March, citing ongoing Covid-19 restrictions. The...

Hostel operator Hostelworld said TJ Kelly had resigned as chief financial officer on 1 December. Kelly was succeeded by Caroline Sherry, financial controller. Kelly would remain with the company...

Gasification technology solutions company Eqtec said Jeffrey Vander Linden had been appointed as chief operating officer. Jeffery would also be appointed to the board as Strategy & Operations...

Construction materials group Breedon said its plan to sell 14 sites to Tillicoultry Quarries to address concerns raised by the competition and markets authority relating to its takeover of certain...

Internet of things investor Tern said portfolio company FundamentalVR had secured a three-year contract worth a minimum of £0.9 million from a global medical device company. The contract was for...

Infrastructure and services provider Fulcrum said it had completed the transfer of the second tranche of its domestic customer gas connection assets and associated meters to E.S. Pipelines for £4.8...

Oil company San Leon Energy welcomed news that Providence Resources had confirmed an investment from Norway's SpotOn Energy in the Barryroe oil and gas field offshore Ireland. San Leon said it...

Gold producer Scotgold Resources said the first gold had been poured at its Cononish gold and silver mine in the Scottish Grampian Mountains area. The company said it looked forward to ramping...

Power project developer Oracle Power said it and Sheikh Ahmed Dalmook Al Maktoum would no longer pursue a potential iron ore development in Guinea. The potential investment had been flagged by the...

Agricultural services group Origin Enterprises confirmed that incoming chief executive TJ Kelly would take up the position on 18 January. The company had announced his appointment on 23...

Wealth management company Brooks Macdonald said it had completed the acquisition of Lloyds Bank International's Channel Islands wealth management and funds business after it received all necessary...

Investment company Asimilar said it conditionally subscribed for 20 million new shares in Dev Clever at a price of 10 pence a share. Asimilar currently had a 4.2% stake in Dev Clever, which on...

Mining company SolGold said completion of a pre-feasibility study for its Alpala project on the Cascabel concession in northern Ecuador had been delayed until next year. SolGold had originally...

Gambling technology group Sportech said it had agreed to sell its Global Tote business to Betmakers Technology for £30.9 million. The Global Tote business provided technology solutions and...

Surveillance systems supplier Synectics said it had appointed Kerstin Wendt to lead its German business with public transport operators. Wendt would be based in Synectics' new Berlin office as the...

Building materials company Grafton said it had acquired AVC, a UK manufacturer and distributor of bespoke wooden staircases trading as 'StairBox', for £44 million. Under the terms of the deal,...

Pharmaceutical giant AstraZeneca agreed to sell the rights to Crestor and associated medicines in over 30 countries in Europe, except the UK and Spain, to Grunenthal for up to $350 million. The...

Mining engineering group Weir said it had won a £95 million order to provide aftermarket components and service to the Iron Bridge magnetite project in Western Australia. Weir said the followed it...

High-street lender Lloyds Banking said outgoing chief executive Antonio Horta-Osorio had agreed to become chairman of Credit Suisse from May next year. Horta-Osorio would step down as CEO of...

Precious metals miner Polymetal International said it had acquired an initial 35% stake in a Russian joint venture for $0.5 million. The venture was with a junior miner and involved an exploration...

Pet product retailer and veterinary group Pets at Home said it had sold five specialist referral practices to rival Linnaeus for up to £100 million. The sum included £80 million in cash and a...