Economic and Market News for 7 January 2021

Oil and gas company Bahamas Petroleum Company said it was on track to begin drilling of the Saffron #2 well in Trinidad and Tobago, and Weg Naar Zee extended well test in Suriname. The company...

Security provider Synectics said it has successfully deployed the first phase of its pioneering operational management system for Deutsche Bahn's S-Bahn operation in Berlin. The project utilises...

TP ICAP said in a trading update it expects revenue for the full year 2020 to be 1% lower than the previous year as trading volumes continue to be subdued. The firm also announced a fully...

Toys, games, and giftware maker Character said contracts had been exchanged for the sale of its UK overspill warehousing facility at Vernon Works, Oldham in Lancashire for £3.5 million in cash...

Trainline has announced the launch of an offering of £150 million of senior unsecured convertible bonds due 2026. The company said the net proceeds of the issue of the bonds will provide...

Medical device company Creo Medical said it had received clearance from the US Food & Drug Administration for its tissue ablation device MicroBlate Flex. MicroBlate Flex was the fourth device...

Mining and energy company GCM Resources said it had entered into a relationship agreement with Polo Resources to maintain the company's independence and confirmed it had drawn another £250,000 from...

Mining royalty company Altus Strategies hailed 'encouraging' initial results from the ongoing drilling programme at its 100% owned Diba gold project located in western Mali following broad...

Livestock products maker Eco Animal Health said it had has received marketing authorisation from Brazil's Ministry of Agriculture, Livestock and Food Supply for its vaccine for swine. THe...

Ithaca Energy said it had appointed David Crawford as chief financial officer. Crawford would be taking over the role from his predecessor Graham Forbes who would be leaving Ithaca from 1 February...

Software company Marlowe has acquired wastewater treatment and compliance services provider WPL Limited for an enterprise value of £10 million. The total consideration of £10 million comprises a...

Specialist drug development company Sareum Holdings has been granted a US patent for its SDC-1802 TYK2/JAK1 kinase inhibitor programme. This programme is in preclinical development and targets...

Cancer therapies and diagnostics group Avacta said it had entered into a license agreement with Point Biopharma to provide the latter access to its technology for the development of...

Cairn Energy said its previously announced share consolidation plan would seek to reduce shares in a ratio of 11 new shares for every 13 existing shares. The aim of this consolidation is to keep...