Economic and Market News for 1 December 2020
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01 Dec
15:03JTC announces CEO's appointment as non-executive director of Brooks Macdonald International FundsPrivate 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...
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01 Dec
14:47Thor Mining provides update on high-grade gold in stream sediments at Ragged Range ProjectThe 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...
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01 Dec
14:32Morrisons CEO and COO commit to reduction in pension levels following shareholder voting at its AGMSupermarket 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,...
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01 Dec
14:03Panthera Resources announces Moydow has commenced drilling in NigeriaGold 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...
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01 Dec
13:49Inspiration Healthcare wins AIM Transaction of the Year Award for S.L.E. acquisitionMedical 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...
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01 Dec
13:39Clarkson announces new company secretaryShipping 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....
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01 Dec
13:34Wishbone Gold applies for new exploration licence in AustraliaGold 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...
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01 Dec
10:05Genel Energy receives partnership payment for October oil exports from IraqOil 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...
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01 Dec
09:44Vulcan Industries delays results release due to Covid-19Wastewater 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...
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01 Dec
09:38Hostelworld's Caroline Sherry suceeds TJ Kelly as CFOHostel 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...
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01 Dec
09:35Eqtec appoints Jeffrey Vander as COOGasification 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...
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01 Dec
09:33Breedon wins regulatory backing to sell certain assets to Tillicoultry Quarries to address competition concernsConstruction 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...
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01 Dec
09:26Tern company FundamentalVR wins contract from medical device companyInternet 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...
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01 Dec
09:26Fulcrum completes transfer of second tranche of assets to E.S. PipelinesInfrastructure 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...
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01 Dec
09:06San Leon Energy welcomes investment in Barryroe oil playOil 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...
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01 Dec
09:01Scotgold Resources pours first gold at Cononish mine in ScotlandGold 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...
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01 Dec
08:59Oracle Power, partner to no longer pursue Guinea iron ore prospectPower 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...
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01 Dec
08:54Origin Enterprises incoming chief TJ Kelly to take reins in JanuaryAgricultural 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...
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01 Dec
08:27Brooks Macdonald completes acquisition of Lloyds Bank's offshore wealth management businessWealth 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...
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01 Dec
08:23Asimilar to make further investment in Dev CleverInvestment 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...
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01 Dec
07:52SolGold says completion of Alpala pre-feasibility study delayed until next yearMining 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...
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01 Dec
07:45Sportech to sell Global Tote business to Betmakers Technology for £30.9mGambling 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...
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01 Dec
07:41Synectics appoints Kerstin Wendt as German headSurveillance 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...
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01 Dec
07:28Grafton acquires staircase group AVC for £44mBuilding 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,...
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01 Dec
07:25AstraZeneca sells Crestor rights to Grunenthal in Europe for up to $350mPharmaceutical 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...
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01 Dec
07:18Weir wins £95m components, services contract for Australia magnetite projectMining 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...
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01 Dec
07:18Lloyds Banking CEO Antonio Horta-Osorio to become Credit Suisse chairmanHigh-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...
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01 Dec
07:15Polymetal International invests in Pekinskaya JV in RussiaPrecious 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...
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01 Dec
07:11Pets at Home sells specialist practices to Mars unit Linnaeus for up to £100mPet 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...
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01 Dec
07:05Tate & Lyle acquires low-calorie sweetener group Sweet Green FieldsFood and drink ingredients supplier Tate & Lyle said it had acquired stevia business Sweet Green Fields, for an undisclosed sum. Sweet Green Fields revenue for the year ending 31 December was...