Economic and Market News for 3 December 2018
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03 Dec
14:44Clear Leisure loses Italian court appeal over theme park landClear 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...
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03 Dec
14:02Ceres Power confirms Weichai mulling extra stake in companyCeres 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...
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03 Dec
13:58Bellzone Mining tries to sell asset after financing talks break downNickel 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...
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03 Dec
13:29Ted Baker launches external probe into 'forced hugging' claims involving CEOFashion 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...
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03 Dec
13:17GlaxoSmithKline acquires oncology specialist Tesaro for $5.1bnPharmaceutical 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...
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03 Dec
10:02Enquest acquires remaining stake in MagnusEnquest 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...
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03 Dec
09:56RhythmOne forms advertising services partnership with PlacedAdvertising 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...
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03 Dec
09:40HaloSource to seek alternative options to shore up balance sheetClean 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...
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03 Dec
09:37UK manufacturing PMI rises in November to 53.2The 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...
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03 Dec
09:32Creo Medical announces first use of Speedboat in mainland EuropeCreo 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,...
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03 Dec
09:23Metal Tiger buys small stake in Greatland GoldMetal 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...
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03 Dec
09:23Diversified Gas & Oil sees full-year performance topping expectationsDiversified 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...
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03 Dec
09:11Kibo Energy to consider SEPCO III's request for more timeKibo 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...
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03 Dec
09:00Crawshaw Group sells remaining stores for £1.4mListed 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...
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03 Dec
08:49Faron Pharmaceuticals' cancer treatment gets regulatory nod for clinical trailFaron 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...
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03 Dec
08:36ECO Animal Health enters licensing deal with Agrinnovation, Yissum Research companyECO 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...
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03 Dec
08:30Imaginatik wins contract with global chemical conglomerateImaginatik 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...
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03 Dec
08:28AFH acquires CTL Three Limited for up to £10mWealth 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...
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03 Dec
08:25Phoenix Global Mining says new drilling indicates extension of Idaho copper playPhoenix 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...
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03 Dec
08:21Tekcapital eyewear company Lucyd signs up US football star as branding headUK 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...
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03 Dec
08:17VPC Specialty Lending Investments gets new $75m loan facilityVPC 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...
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03 Dec
08:17Egdon Resources sees November gas sales above £0.235mEgdon 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...
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03 Dec
08:14Woodford Patient Capital participates in £35m Ultrahaptics financingWoodford 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...
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03 Dec
08:08Tiziana Life Sciences completes patient enrollment for cancer treatment trialTiziana 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...
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03 Dec
07:56Urban Exposure closes £110m of new loans in NovemberResidential 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...
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03 Dec
07:56IP Group's Ultrahaptics completes £35m funding roundIntellectual 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...
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03 Dec
07:53W Resources ships first tungsten concentrate from La Parrilla mine in SpainW 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...
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03 Dec
07:49Syncona portfolio company Autolus commences new clinical trialLife 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...
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03 Dec
07:49Drax revises terms with Iberdrola for UK power generation portfolioDrax 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...
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03 Dec
07:45Spirax-Sarco sells air humidification unit HygroMatik to Carel Industries for €59mSpirax-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...
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03 Dec
07:26Babcock joint venture wins new Australian Defence Force contractEngineering 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....
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03 Dec
07:22Pursuit of RPC becomes a one-horse race after Bain ends takeover discussionsPlastic 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...
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03 Dec
07:20AstraZeneca agrees to offload rights for two drugs to Grunenthal for $815mAstraZeneca 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...
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03 Dec
07:15Shield Therapeutics iron deficiency treatment accepted by FDA for reviewShield 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...
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03 Dec
07:11Seeing Machines appoints Luke Oxenham as CFOComputer vision technology company Seeing Machines said it had appointed Luke Oxenham as its new chief financial officer. He had previously held CFO roles at Australian companies Genworth Mortgage...