Economic and Market News for 6 January 2020

Great Western Mining touted ' highly encouraging' results from its recently completed soil sampling exercise over the mineral jackpot area in Mineral County, Nevada. Soil sampling had...

Genel Energy said testing of the TT-34 well at the Taq Taq field in Iraq was nearing completion. The well had produced from all zones tested, at a maximum combined flow rate of over 3,900 barrels...

Avation confirmed that it was preliminary talks with one interested party about a potential sale of the company amid efforts to maximise value for shareholders. The other options under...

Software and services company Gresham Technologies said it expected to report a 30% rise in annual revenue as its move to subscription licensing had progressed 'particularly well' during the year....

EVR Holdings said John Gore Bahamas had partially exercised its option to purchase more shares in the company, which valued it at approximately £220m. John Gore Bahamas (JGB) exercised its option...

Knights group said it had agreed to acquire ERT Law Limited, a commercial litigation law firm in Birmingham, UK, for £1.8m. The acquisition of ERT would build on the company's recently established...

CyanConnode said it had received an order from partner Genus Power Infrastructures to supply advanced metering infrastructure hardware, services, and software. The purchase order was worth £3.3m...

Altitude group said it had signed a strategic alliance with the Advertising Specialty Institute. Advertising Specialty Institute, founded in 1962, served a network of over 23,500 distributors,...

KEFI Minerals said ANS Mining had completed its equity subscription in the company's Tulu Kapi gold project. ANS Mining completed the subscription agreement into the project company, Tulu Kapi...

Cruise port operator Global Ports said Goulette Cruise, its joint venture with MSC Cruises, had completed the acquisition of Goulette Shipping Cruise, an operator of the cruise terminal in La...

African oil and gas warned it may run of money by February, though said it continued to make progress to secure financing as it awaited proceeds from the sale of a stake in its Congo subsidiary....

4D pharma said it was launching a clinical study to evaluate the safety and efficacy of its drug to treat pancreatic cancer. The study was being conducted at The University of Texas MD Anderson...

Dechra said it had agreed terms to acquire the global rights to the Osurnia product portfolio from Elanco Animal Health for $135m. The addition of Osurnia - a long acting treatment for otitis...

Compass group said that Paul Walsh would be stepping down as chairman to focus on his other business interests. Walsh would remain as chairman until his successor was appointed and so would not...

AstraZeneca said its drug to treat hyperkalaemia had been approved in China. The company's drug Lokelma - used to treat adult patients with elevated levels of potassium in the blood...