Economic and Market News for 6 January 2020
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06 Jan
10:03Great Western Mining touts 'highly encouraging' results from soil sampling in NevadaGreat 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...
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06 Jan
09:50Genel Energy says TT-34 well testing in Iraq nears completionGenel 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...
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06 Jan
09:43Avation in preliminary talks about potential saleAvation 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...
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06 Jan
09:35Gresham Technologies sees revenue up 30% amid move to subscription licensingSoftware 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....
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06 Jan
09:23John Gore Bahamas exercises option to buy more shares in EVREVR 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...
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06 Jan
09:15Knights to acquire ERT Law Limited for £1.8mKnights 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...
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06 Jan
09:10CyanConnode receives order from Genus for smart metering project in South IndiaCyanConnode 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...
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06 Jan
08:33Altitude group inks strategic alliance with Advertising Specialty InstituteAltitude 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,...
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06 Jan
08:28KEFI Minerals says ANS Mining completes equity subscirpiton into gold project in EthiopiaKEFI 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...
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06 Jan
08:13Global Ports joint venture completes acquisition of Goulette Shipping CruiseCruise 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...
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06 Jan
08:09African oil and gas warns it may run out of money amid ongoing efforts to secure financingAfrican 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....
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06 Jan
07:494D pharma launches new study to evaluate safety of pancreatic cancer drug4D 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...
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06 Jan
07:34Dechra acquires rights to dog inflammation product for $135mDechra 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...
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06 Jan
07:24Compass chairman Paul Welsh to step downCompass 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...
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06 Jan
07:21AstraZeneca hyperkalaemia drug approved in China; diabetes drug granted priority review in USAstraZeneca 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...
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06 Jan
07:08Boku completes acquisition of Danal for $25mCarrier commerce company Boku said it had completed the acquisition of Danal for $25m. The total paid by the company to acquire Danal included the issue of 26.7m shares, the issue of warrants over...