Economic and Market News for 3 May 2019
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03 May
14:50Oxford BioDynamics joins US study to identify sclerosis biomarkersOxford 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...
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03 May
13:48Altus Strategies grants due diligence extension to Indiana Resources over Mali assetsAltus 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...
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03 May
13:33US unemployment falls unexpectedly to 3.6%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...
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03 May
13:24Redx Phrama extends funding capabilities to July, mulls long-term optionsRedx 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...
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03 May
13:17Share receives takeover approach from Interactive InvestorStock 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...
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03 May
13:10RBS prices $1.25bn bond issueRoyal 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...
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03 May
10:07Angus Energy to begin evaluating results from Brockham after recompleting wellAngus 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...
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03 May
09:55Falcon Oil & Gas says plan accepted for Kyalla shale and exploration wellFalcon 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...
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03 May
09:51Sure Ventures invests €4.5m in Suir Valley Ventures FundVenture 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...
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03 May
09:45UK services PMI improves to 50.4 in April as expectedThe 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...
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03 May
09:38Strategic Minerals makes first copper sale from Leigh Creek projectStrategic 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...
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03 May
09:35Drax prices debt offering of US dollar denominated bonds at about $200mDrax 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...
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03 May
09:22Itaconix receives first order from European customer for detergent polymerItaconix 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,...
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03 May
09:20Maintel executive director Angus McCaffery to stand downMaintel 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)...
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03 May
08:48ContourGlobal chooses GE to develop new plant in KosovoContourGlobal 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...
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03 May
08:38Oracle Power says pact with Chinese partners remains valid despite signing omissionsOracle 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....
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03 May
08:33Tekcapital welcomes new rules allowing self-driving cars in FloridaIntellectual 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...
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03 May
08:29Intu warns on profit as retailers look to wind down operations amid Brexit uncertaintyShopping 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...
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03 May
08:05AstraZeneca oral treatment for type-2 diabetes gets regulatory nod in USAstraZeneca 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...
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03 May
07:55Randall & Quilter completes acquisition of Global USRandall & 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...
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03 May
07:41Metals Exploration gets another month's breathing space from lendersMetals 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...
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03 May
07:29MySale sells British unit Cocosa to Brandalley UK for £1.5mAustralian 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...
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03 May
07:24Wood Group completes sale of Cementation Americas for $38mEnergy and infrastructure services company Wood Group today said it had completed the sale of conveyor systems business Terra Nova Technologies to Cementation Americas for $38m. The deal, first...