Economic and Market News for 5 April 2019
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05 Apr
13:45Indivior presents opioid addiction treatment study findings at Florida gatheringIndivior 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...
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05 Apr
13:33US unemployment rate steady at 3.8% in MarchThe 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...
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05 Apr
13:19Bushveld Minerals appoints Bertina Symonds to head Vametco divisionBushveld 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...
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05 Apr
13:18QinetiQ wins £1.3bn contract from UK defence ministryQinetiQ 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...
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05 Apr
12:55Starcom receives initial orders for upgraded padlock productRemote 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...
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05 Apr
12:52Cambria Africa says head of subsiduary Payserv Zimbabwe to leaveCambria 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...
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05 Apr
12:46IAG passenger volumes up 5.7% in March; load factor improvesInternational 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...
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05 Apr
10:05IG Design Group's Impact Innovations wins Supplier of the Year 2019 award for Seasonal and Celebration ProductsIG 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,...
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05 Apr
10:02BATM Advanced Communications completes initial investment of $14.5m in Ador DiagnosticsBATM 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...
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05 Apr
09:43Prairie Mining requests Australia trading suspension pending Poland mine updateDual-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...
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05 Apr
09:16Polo Resources welcomes positive court ruling for portfolio company CelaminPolo 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...
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05 Apr
09:12Merlin Entertainments completes sale of Australian ski assets to Vail ResortsMerlin 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)...
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05 Apr
09:10Starvest posts gain on Kuwait Energy investment following its acquisitionStarvest 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...
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05 Apr
08:56Ferrexpo pellet output falls in Q1Iron 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...
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05 Apr
08:49Begbies Traynor Group acquires Barker Storey Matthews for up to £3mBegbies 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...
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05 Apr
08:19Magnit yet to confirm interest following Severgroup's takeover bid, Lenta saysLenta 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...
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05 Apr
08:18Scientific Digital Imaging acquires MPB Industries for £1.6mScientific 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...
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05 Apr
08:15Sirius Petroleum seeks Nigeria licence extension as it awaits arrival of drilling rigSirius 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...
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05 Apr
08:09Ncondezi Energy agrees to form solar JV with GridX Africa; raises £1.9mNcondezi 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...
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05 Apr
08:05Triple Point Social Housing welcomes release of UK regulator reportTriple 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...
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05 Apr
07:59ReNeuron CEO to present at London industry gatheringCell-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...
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05 Apr
07:57Funding Circle to launch two new investor products to widen offering on platformFunding 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...
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05 Apr
07:56Seeing Machines forms partnership with National Transport InsuranceComputer 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...
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05 Apr
07:40RedT Energy completes sale of legacy Camco businessEnergy 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...
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05 Apr
07:31Urban Logistics REIT sells UK property for £8.1m; buys another for £3.4mUrban 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...
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05 Apr
07:24Murgitroyd appoints Willie MacDiarmid as deputy chairmanPatent 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....
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05 Apr
07:21Aveva agrees to acquire software assets of MaxGripEngineering 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...
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05 Apr
07:20Matomy Media receives $36m bid for Team Internet stakeMarketing 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...
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05 Apr
07:14GVC 'confident' of meeting full-year expectations as net gaming revenue rises 8% in Q1Gambling 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...
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05 Apr
07:13Oncimmune inks distribution agreement in Portugal and Spain with SabartechCancer diagnostics group Oncimmune Holdings said it had signed an exclusive agreement for the distribution of its lung cancer test kit in Portugal with Sabartech, its existing distributor in...