Economic and Market News for 3 December 2018

Clear Leisure said it had lost a court appeal in Italy against a decision that refused the assignment of land to the company for the planned Mediapolis theme park. Clear Liesure said it had 60...

Ceres Power confirmed it was continuing to hold discussions with Weichai Power amid media reports the latter would raise its interest in the company to 20% from the current 10%. Ceres noted the...

Nickel prospector Bellzone Mining said it was mulling an asset sale to stay afloat after talks with its major shareholder to raise equity fell through. Largest shareholder Hudson Global Group had...

Fashion retailer Ted Baker said it had launched an independent investigation in response to media reports about the company and its founder and chief executive Ray Kelvin. An independent committee...

Pharmaceutical giant GlaxoSmithKline said it had agreed to acquire US oncology-focused company Tesaro for around $5.1bn (£4.0bn). GSK said the deal would significantly strengthen its...

Enquest said Monday it had completed the acquisition of the remaining 75% stake in Magnus, an additional 9.0% stake in the Sullom Voe Oil terminal and supply facility and additional interests in...

Advertising technology company RhythmOne said it had formed a partnership with location-driven insights group Place. RhythmOne would offer Placed's clients with a new measurement solution that...

Clean water technology group HaloSource said Monday no additional funds had been raised to date and confirmed that it would seek alternative strategic options. The company said it was managing...

The UK manufacturing purchasing managers' index rose to 53.2 in November, up from October's 27-month low of 51.1, according to IHS Markit. The market was more expecting a more modest rise to...

Creo Medical Group announced Monday that the Hospital Universitario Virgin del Rocio de Sevilla had treated the first patient in mainland Europe using the company's Speedboat device. The patient,...

Metal Tiger said it had bought a small stake in gold producer Greatland Gold for around £253k. Metal Tiger paid 1.72p per share to take a 0.46% interest in the company. 'Metal Tiger is delighted...

Diversified Gas & Oil said Monday that based on its year-to-date performance results for the full year were expected to be 'materially ahead' of current market expectations. In the 10 months...

Kibo Energy said Monday China based SEPCO III had requested to extend the completion date concerning its planned investment in the company said. The request from SEPCO III comes two months after...

Listed Butcher Crawshaw Group said Monday the remaining 19 stores and the Hellaby production and distribution facility had been sold to Loughanure for about £1.4m, preserving the remaining 240...

Faron Pharmaceuticals said Monday its clinical trial application for its cancer immunotherapy drug had been approved by the Finnish Medicines Agency. Patient recruitment into the Phase I/II...

ECO Animal Health said Monday it had entered a development and licensing deal with Agrinnovation and Yissum Research Development Company of the Hebrew University of Jerusalem. The deal, based on a...

Imaginatik said Monday it had won a significant contract worth $0.142m a year, with a global chemical conglomerate. At 8:30am: (LON:IMTK) Imaginatik PLC share price was +0.38p at 2.13p Story...

Wealth manager AFH said Monday it had completed the acquisition of CTL Three Limited for up to £10m, expanding the company's presence in the North East. Under the terms of the acquisition, the...

Phoenix Global Mining said it had gathered encouraging assay results from the Redstar prospect at Empire copper project in Idaho. Three drill holes in October returned assays of 1,111 grams per...

UK intellectual property and technology group Tekcapital said wholly-owned portfolio company Lucyd has hired American football player Richard Sherman as its chief brand officer. Sherman was...

VPC Specialty Lending Investments said it had sourced a new $75m gearing facility from CapitalSource, a division of Pacific Western Bank. The company said it had the ability to upsize the facility...

Egdon Resources said Monday net gas production from the Ceres field during November was in-line with forecasts, averaging 1.16m cubic feet of gas per day following the successful installation of a...

Woodford Patient Capital Trust said portfolio company Ultrahaptics had completed a new £35m financing round. Ultrahaptics, a University of Bristol spin out, had developed a technology that uses...

Tiziana Life Sciences said it had completed patient enrollment for a clinical trial of a treatment for hepatocellular carcinoma. The Phase 2a repeated-dose, six-month duration study would evaluate...

Residential development finance provider Urban Exposure said it had successfully close new loans worth £110m during the month of November. The new loans had brought total lending commitments since...

Intellectual property-based group IP said Monday its portfolio company Ultrahaptics had completed a £35.0m fundraising. The new funds would enable Ultrahaptics to further develop and commercialise...

W Resources said it had shipped the first batch of tungsten concentrate from its La Parrilla Mine in Spain. The shipment followed the early start-up of production, as part of a planned staged...

Life sciences company investor Syncona said portfolio company Autolus Therapeutics had dosed the first patient in a trial of a new therapy for treating lymphoma. The Phase 1/2 LibrA T1 clinical...

Drax said Monday it had reached agreement with Iberdrola on revised terms for the acquisition of Scottish Power's portfolio of pumped storage, hydro and gas-fired generation at the previously...

Spirax-Sarco Engineering said it sold German industrial air humidification equipment supplier HygroMatik to Carel Industries for €59.0m. The sale price represented a trailing Ebitda multiple of...

Engineering services group Babcock said Monday that its joint venture with UGL had been awarded a new contract by the Australian Defence Force, worth around AU$1.5 billion for up to 15 years....

Plastic products manufacturer RPC Group said Bain Capital was no longer pursuing a takeover of the company, leaving Apollo Global Management is its remaining potential suitor. RPC had previously...

AstraZeneca said Monday it had completed an agreement to sell the prescription medicine rights to its acid reflux treatment in Europe, and the global rights to its arthritis treatment to Grunenthal...

Shield Therapeutics said the US Food and Drug Administration had accepted for review a new drug application for its lead iron deficiency product. The regulator would shortly confirm to Shield the...