Economic and Market News for 5 January 2018

  • 05 Jan
    Wall Street opens higher despite disappointing jobs report

    US markets opened on the front foot after today's key jobs report showed that employment increased in December, but at a slower rate than many economists had predicted. The Bureau of Labor...

  • 05 Jan
    US employment up 148k in December

    Total non-farm payroll employment in the US increased by 148k in December, the Bureau of Labor Statistics reported today. The unemployment rate was unchanged at 4.1%, while average hourly earnings...

  • 05 Jan
    US trade gap grows to $50.5bn

    The US trade deficit rose to $50.5bn in November, up $1.6bn from $48.9bn in October, the US Census Bureau and the US Bureau of Economic Analysis said today. November exports were $200.2bn, $4.4bn...

  • 05 Jan
    Base Resources raises A$89.3m

    Base Resources has raised A$89.3m, gross, after completing the issue of shares under its institutional placement and entitlement offer announced on 19 Dec. It said it had issued 143,092,216 new...

  • 05 Jan
    Vanguard has 6.34% stake in Base Resources

    Vanguard Precious Metals and Mining Fund has a 6.34% stake in Base Resources following the share offer announced on 19 Dec. Base said it had been notified that the fund had a relevant interest...

  • 05 Jan
    Janus Henderson cuts Providence Resources stake

    Providence Resources said Janus Henderson Group had reduced its holding in the company to 3.98% of its shares. The investment manager now holds 23,775,000 ordinary Providence Resources shares of...

  • 05 Jan
    Greatland Gold options exercised

    Greatland Gold has issued 3,000,000 new ordinary shares following the exercise of options at 0.2p per share for a total amount of £6,000.00. At 9:42am: (LON:GGP) Greatland Gold PLC share price...

  • 05 Jan
    Third Point Offshore declares dividend

    Third Point Offshore Investors said it had approved a fifth annual dividend of around 4% of the net asset value of its shares. It declared a dividend in US dollar terms of 81 cents and in Sterling...

  • 05 Jan
    Carnival buys back shares

    Carnival Corporation & plc bought back 50,000 ordinary shares yesterday at an average price of 4878.8594p apiece to be held in treasury. At 9:26am: (LON:CCL) Carnival PLC share price was +23p...

  • 05 Jan
    European Assets Trust declares dividend

    European Assets Trust has declared total dividends of €0.88 per share for 2018 - an increase of 11.6%. The dividends will be paid in four equal instalments of €0.22 per share on 31 Jan, 30 Apr,...

  • 05 Jan
    RhythmOne progresses YuMe acquisition

    RhythmOne has commenced an exchange offer for shares in YuMe as part of its $185m acquisition of the digital video advertiser announced in September. YuMe stockholders would receive $1.70 in cash...

  • 05 Jan
    Motif Bio CEO to present at summit

    Motif Bio said chief executive Graham Lumsden would participate in a panel discussion today at the Cantor Antibiotics Summit in New York. The topic of discussion is "Catalysts to Look for in...

  • 05 Jan
    Man Group buys back shares

    Man Group bought back 239,117 ordinary shares for cancellation yesterday at a weighted average price of 210.1364p apiece under its US$100m repurchase programme At 9:02am: (LON:EMG) Man Group PLC...

  • 05 Jan
    Kingfisher buys back shares

    Kingfisher bought back 401,478 ordinary shares yesterday at an average price of 342.7088p apiece for cancellation. At 8:46am: (LON:KGF) Kingfisher PLC share price was 0p at 341.5p Story...

  • 05 Jan
    Character confirms voting rights

    Character Group has confirmed that it had 23,910,108 in issue at 4 Jan, which included 3,008,506 in treasury and that the total number of shares carrying voting rights was 20,901,602. At...

  • 05 Jan
    Upland Resources may terminate Wressle farm-in

    Upland Resources said it could terminate a previous agreement to invest in the UK's Wressle oil project, after authorities upheld a ruling that blocked the discovery's development. Upland had...

  • 05 Jan
    Petro Matad extends Mongolia contract

    Petro Matad said its Block XX production sharing contract in Mongolia has been extended by authorities for a further two years. "This is a very positive development and again indicates the support...

  • 05 Jan
    ReNeuron Group plans share reduction

    ReNeuron Group has launched a capital reorganisation what will reduce the number of shares in the company by a factor of 100, whilst increasing the trading price of each share. The company said...

  • 05 Jan
    Union Jack Oil says development refusal upheld

    Union Jack Oil said the UK's Planning Inspectorate has rejected an appeal against planning refusals for the Wressle oil discovery. North Lincolnshire Council had refused to allow the project's...

  • 05 Jan
    Premier suspends Zimbabwe project

    Premier African Minerals has suspended operations at its RHA tungsten operation in Zimbabwe after encountering poor ore grades. Whilst production exceeded targets, the ore produced was at grades...

  • 05 Jan
    San Leon Energy takeover talks terminated

    San Leon Energy said discussions with two potential takeover suitors have been terminated. China Great United Petroleum and Geron Energy Investment have both confirmed that they do not intend to...

  • 05 Jan
    RedT energy ceases compliance business

    RedT energy said it would cease operating its carbon trading compliance operation to concentrate on its core energy storage business. No new carbon contracts would be taken on by the compliance...

  • 05 Jan
    Mporium inks commercial agreement

    Mporium Group has signed a commercial agreement for its technology services with media investment management company GroupM UK. The agreement provides access to Mporium's Impact technology across...

  • 05 Jan
    Thalassa cash balance grows

    Thalassa Holdings said its net cash balance has grown to $20.3m following the sale of WGP Group assets. The amount is below a previously-estimated figure of $21.3m, though this was due to the...

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