Economic and Market News for 5 April 2019

Indivior said it had presented data from two studies evaluating efficacy and long-term safety of a once-monthly injection of a treatment of moderate-to-severe opioid use disorder. The so-called...

The US unemployment rate stayed steady in March at 3.8% amid the addition of 196k positions, according to the Bureau of Labor Statistics. The market was expecting an unchanged jobless rate, though...

Bushveld Minerals said it had appointed Bertina Symonds as general manager of its Vametco. Symonds' appointment combined the roles of chief executive and chief operating officer into general...

QinetiQ said it had signed an agreement with the UK Ministry of Defence to modernise 16 of the country's critical defence facilities. The contract would generate £1.3bn of revenue until 31 March...

Remote tracking group Starcom said it had launched a new reporting padlock that was expected to provide a 'meaningful' contribution to revenue in 2019. Orders for the product, an upgrade of an...

Cambria Africa said Sibert Dube had resigned as the head of its largest subsidiary, Payserv Zimbabwe. Dube would be replaced on 7 June by Christian Herbert Beddies, who had been appointed as...

International Consolidated Airlines Group, which owns British Airways and Iberia, said it carried 5.7% more passengers during the month of March. Passenger volumes rose to 9.2m, while its load...

IG Design Group's recently acquired Impact Innovations was awarded Supplier of the Year 2019 for Seasonal and Celebration Products by Walmart. 'We are delighted to have received this award,...

BATM Advanced Communications completed its initial investment of $14.5m to fund Ador Diagnostics to fund its commercialisation of molecular biology-based solutions. This transaction initial...

Dual-listed Prairie Mining said it had requested a suspension of trading of its shares on the Australian Securities Exchange pending a significant announcement. The announcement regarded ongoing...

Polo Resources welcomed news that investee company Celamin Holdings had won a court ruling ordering the return of its interest in the Chaketma phosphate prospect in Tunisia. The Court of Appeal in...

Merlin Entertainments said it had completed the sale of its Australian ski resorts, Hotham and Falls Creek, to Vail Resorts. The deal was first announced in February. At 9:12am: (LON:MERL)...

Starvest noted that investee company Kuwait Energy had been acquired by Hong Kong-listed United Energy Group for $477m. Starvest received around £123,800 as a result of the transaction. The...

Iron ore group Ferrexpo said total iron-ore pellet production fell sharply in the first quarter of the year. First-quarter pellet production fell 1.8% to 2.54m tonnes from 2.59m tonnes in the...

Begbies Traynor Group acquired BSMH, which traded as Barker Storey Matthews for a total up to £3m in a cash and shares deal. BSM, one of the largest independent firms of chartered surveyors in...

Lenta confirmed that it had yet to receive confirmation over whether Russian retailer Magnit wished to pursue its bid for the company after Severgroup scooped up 41.9% stake and tabled a competing...

Scientific Digital Imaging said it had acquired flowmeter and process control instrumentation manufacturer MPB Industries for £1.6m. MPB's products had applications in water treatment, oil and gas...

Sirius Petroleum said it had requested a licence extension in Nigeria while it waits for a drilling rig to arrive at its Ororo prospect in the African nation. Shelf Drilling's Adriatic-1 rig had...

Ncondezi Energy said it had agreed to form a joint venture with African power developer GridX Africa Development focused on building and operating captive solar and battery storage solutions. The...

Triple Point Social Housing noted that the UK's social housing regulator had published a new report about the strategic and financial risks facing the sector. The report was an addendum to the...

Cell-based therapeutics developer ReNeuron Group said chief executive Olav Hellebo would present at a conference in London. Hellebo was presenting at the H.C. Wainwright Global Life Sciences...

Funding Circle said two new investor products would soon be launched on its platform that would widen the universe of investors that can access the platform and diversity the company's sources of...

Computer vision technology company Seeing Machines said it had formed a partnership with Australian insurer National Transport Insurance. The two companies would establish programs to promote the...

Energy storage group RedT Energy said it had completed a sale of its legacy Camco business to an entity controlled by its manager, Jim Wiest. Cash receipts from the sale consisted of a...

Urban Logistics REIT said it had sold a site located in Nuneaton for £8.1m and also acquired a logistics property in Thatcham for £3.4m. The 130,508 square foot building in Nuneaton had been...

Patent law specialist Murgitroyd Group said it had appointed Willie MacDiarmid as its deputy chairman. He would replace Edward Murgitroyd, who became chief executive of the company in February....

Engineering and industrial software group Aveva agreed to acquire the software assets of MaxGrip. MaxGrip, an Aveva partner since 2017, optimised asset performance with reliability centred...

Marketing company Matomy Media Group said it had received an offer of $36m to sell its 90% stake in Team Internet. The stake would be sold to an entity formed by Team Internet's 10% shareholder...

Gambling group GVC reported an 8% increase in first-quarter net gaming revenue as soft gross win margins in Italy and the UK were offset by improved margins in other territories. Total online...