Economic and Market News for 4 January 2019
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04 Jan
10:00DNO increases stake in Faroe Petroleum amid ongoing takeover bidNorwegian oil and gas operator DNO on Friday scooped up more shares in Faroe Petroleum amid an ongoing bid to acquire the company. On 3 January, DNO acquired a further 2,754,110 shares in Faroe...
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04 Jan
09:39Keywords Studios completes acquisition of Sunny Side UpKeywords Studios completed Friday the acquisition of Sunny Side Up from its founder, Thomas Giroux, after all of the conditions of the CAD5.9m deal were fulfilled. The deal announced in December...
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04 Jan
09:33Circassia says may need 'third-party funding' to meet payment on Tudorza; shares slumpPharmaceutical company Circassia warned Friday it may need 'third-party funding' or a loan facility via partner AstraZeneca to meet a deferred option payment relating to chronic obstructive...
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04 Jan
09:05Jadestone Energy says Montara asset closer to resuming productionJadestone Energy said Friday the Montara oil field was set to resume production following an extensive maintenance and inspection shutdown. The documentation required to satisfy safety...
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04 Jan
08:36HarbourVest secures new credit facility with improved termsHarbourVest Global Private Equity announced Friday a new $600m multi-currency credit facility with lenders Credit Suisse and Mitsubishi. The lenders would provide an equal commitment of $300m...
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04 Jan
08:20Reach says Simon Fuller will start chief financial officer role in MarchReach reported that Simon Fuller is expected to join the board of directors of the company as chief financial officer and company secretary on 1 March 2019. Vijay Vaghela will step down from the...
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04 Jan
07:45Cambria Automobiles hits speed bump as car sales declineAutomotive retailer Cambria Automobiles said Friday performance in the first three months of the current financial year to November had been in line with management expectations even as new car...
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04 Jan
07:37Tri-Star executive chairman Mark Wellesley-Wood to revert to non-executive chairman roleMinerals processing company Tri-Star announced that Mark Wellesley-Wood, who took on the executive chairman role in July 2017, will revert to the role of non-executive chairman with immediate...
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04 Jan
07:31Franchise Brands resumes share buyback programmeFranchise Brands said Friday it would purchase up to £200,000 of its shares as it resumed its share buyback programme from last year. This was a continuation of the programme that commenced in...
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04 Jan
07:25Remote Monitored Systems' subsidiary accepted into EU's KEEP+ programmeRemote Monitored Systems reported its wholly owned subsidiary, Geocurve, a specialist surveying and inspection business, has been successfully accepted into the EU's KEEP+ programme. In addition...
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04 Jan
07:14McColl's appoints Robbie Bell as chief financial officerConvenience retailer McColl's revealed following a rigorous search process, it has appointed Robbie Bell to the board as chief financial officer. Robbie, who is moving on from his current position...
