Economic and Market News for 3 May 2019

Oxford BioDynamics confirmed that it had joined a study designed to identify and measure specific biomarkers in people with amyotrophic lateral sclerosis. The study was being sponsored by...

Altus Strategies said it had extended an exclusive due diligence period for Indiana Resources on its Lakanfla and Tabakorole gold projects in Mail. Indiana has requested the extension, which has...

The US non-farm unemployment rate fell unexpectedly in April to 3.6% amid the addition of 263k positions, according to the Bureau of Labor Statistics. The market had expected the jobless rate to...

Redx Phrama said it had extended its funding capabilities until July but was still in talks with investors regarding its longer-term funding options. The company, which had been trying to extend...

Stock broker Share said it had received a takeover approach from Interactive Investor Services. Share did not give any details of the offer and confirmed the approach after noting a recent rise in...

Royal Bank of Scotland said it had priced $1.25bn of senior notes to fund its general banking business. The 4.445% fixed rate to floating rate notes were due 2030. The offering was scheduled to...

Angus Energy said it would begin evaluating results from the Brockham well after running a new completion at the site early next week. The update comes as the company 'successfully' re-perforated...

Falcon Oil & Gas said joint venture partner Origin Energy had its environmental managemnet plan accepted for a planned shale and exploration well in the Northern Terriroty. The plan provided...

Venture capital group Sure Ventures said it had made a €4.5m commitment to Suir Valley Ventures Fund. The investment represented an interest in Suir Valley of around 22% and was made at a price of...

The UK services purchasing managers' index rose to 50.4 in April, up from March's 32-month low of 48.9, according to IHS Markit. The rise was in line with market expectations. 'UK service...

Strategic Minerals said the Leigh Creek copper mine operation in Australia had made its first sale of copper cement produced at the Mountain of Light processing facility. Sales commenced with an...

Drax Group priced its debt offering of U.S. dollar denominated bonds at about $200m. The U.S. dollar denomited 6 5/8% senior secured notes, maturing in 2025 would yield 6.625% a year and issued at...

Itaconix received its first order from a European customer for its latest bio-based detergent polymer. The customer, a major producer of non-phosphate automatic dishwashing detergent products,...

Maintel Holdings said Angus McCaffery had decided to stand down as executive director to focus on other interests. He would become a non-executive director of the company. At 9:20am: (LON:MAI)...

ContourGlobal said a consortium of General Electric companies had won a contract to construct and maintain its Kosova e Re Power Plant Project. Four pre-qualified companies were invited to submit...

Oracle Power said said some sections had been remove from a non-binding agreement with Chinese partners about a coal mine and power development in Pakistan following a signing ceremony last week....

Intellectual property investment group Tekcapital welcomed a move by the state of Florida to legalize the use of self-driving cars. The company said the move would benefit its portfolio company...

Shopping centre operator Intu Properties warned on profits blaming a higher-than-expected level of insolvencies and a slowdown in new lettings amid Brexit uncertainty. 'The change from the...

AstraZeneca said its oral treatment to aid type-2 diabetic patients to manage blood glucose levels had received regulatory approval from the US Food and Drug Administration. The US Food and Drug...

Randall & Quilter Investment Holdings said it had completed its acquisition of Global US Holdings from an investment vehicle managed by AXA Liabilities Managers. The deal was first announced...

Metals Exploration said lenders HSBC and BNP Paribas and major shareholders MTL Luxembourg and Runruno Holdings had renewed a standstill agreement over its mezzanine debt for another month until...

Australian online retailer MySale Group said it had agreed to sell its trade and assets of the website cocosa.co.uk to Brandalley UK for £1.5m. The business was the group's main trading website in...