Economic and Market News for 7 April 2021
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07 Apr
09:49Aberdeen Standard European Logistics Income to acquire warehouse in PolandAberdeen Standard European Logistics Income said it signed a purchase agreement to acquire a modern logistics and distribution property in Lodz, Poland, for €28.0 million. The previously...
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07 Apr
09:39Iomart reports results at lower end of expectations as H2 recovery hurt by UK lockdownCloud computing group Iomart said the third UK lockdown hindered the growth that was expected in the second half of the year, causing results to be at the lower end of expectations. For the year...
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07 Apr
09:13Castillo eyes restart of exploration work in Australia as weather improvesBase metal explorer Castillo said further forensic work has uncovered 11 new targets at its Mt oxide project in the Mt Isa copper-belt district of Queensland, Australia, with exploratory work set...
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07 Apr
08:49Serabi Gold reports 'highly encouraging' drilling results in BrazilBrazilian-focused miner Serabi Gold reported 'highly encouraging' exploration drilling results from the Toucano trend at its Sao Domingos project. The company also reported 'very encouraging'...
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07 Apr
08:43CyanConnode sees revenue topping market expectations as cash collection improvesRadio Frequency networks supplier CyanConnode said it expects annual revenue to top market expectations following an increase cash collection from customers. For the financial year ended 31...
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07 Apr
08:20Arena Events wins tender to acquire Aztec Shaffer for $25.6mEvent solutions provider Arena Events said it had won a tender for the operating business and assets of Aztec Shaffer for $25.6 million. The bid was submitted on 2 April 2021 in accordance with...
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07 Apr
08:05FireAngel inks agreement to develop new generation smoke alarmHome safety products supplier FireAngel said it had signed a partnership agreement with a German energy and efficiency real estate service provider to provide a research and development programme...
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07 Apr
07:53Croda acquires France-based Parfex for €45 millionChemical company Croda said its fragrances and flavours subsidiary, Iberchem, had agreed to acquire Parfex, a fine fragrance business based in Grasse, France, for €45 million. Parfex, established...
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07 Apr
07:50Anglo American's De Beers reports in-line diamond salesMining company Anglo American reported that the value of rough diamond sales at its De Beers unit during the third cycle of 2021 was in line with expectations following a 'good holiday season' that...
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07 Apr
07:45Carnival Cruise cancels further US sailings, extends suspension through JuneCruise operator Carnival Cruise Line cancelled additional cruises and extended its current suspensions of all operations from U.S. ports through June amid the ongoing pandemic. The company said...
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07 Apr
07:43Urban Logistics REIT acquires assets in Warrington, Edinburgh for £21.7mLogistics property investor Urban Logistics REIT said it had acquired two assets, in Warrington and Edinburgh, for a combined £21.7 million. The acquisition price represented a net initial yield...
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07 Apr
07:42Hilton Food annual profit jumps 25% on strong Australia performance; hikes dividendFood packing business Hilton Food hiked its dividend after reporting annual profit that grew by a quarter as strong volume growth in Australia boosted performance. For the 53 weeks ended 3...
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07 Apr
07:39Time Out opens market in DubaiTravel media and food court group Time Out said its market in Dubai had opened to the public on Wednesday. Time Out Market Dubai was opening in partnership with Emaar and was set to be 'the...
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07 Apr
07:34Drax acquisition of Pinnacle Renewable Energy gets final regulatory nod in CanadaPower generation company Drax said the Canadian government had given the company the green light to acquire Pinnacle Renewable Energy, with completion expected to occur on 13 April 2021. On 6...
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07 Apr
07:29Impax Environmental Markets' annual return tops global benchmarkClean energy and sustainability fund Impax Environmental Markets reported annual net asset value total return that topped its benchmark following a strong second-half recovery in equity markets....
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07 Apr
07:27Synectics wins surveillance contract for Secure City programme in LondonSecurity systems group Synectics said it had won a 'multi-million-pound' project from City of London Corporation and City of London Police as part of their Secure City programme. The project,...
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07 Apr
07:24SigmaRoc acquires B-Mix Beton, Casters Beton for €13mConstruction materials group SigmaRoc said it had acquired B-Mix Beton and Casters Beton for from Groep Janssens for a combined €13 million. B-Mix, located in Tessenderloo, and Casters, located in...
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07 Apr
07:16Shell expects $200m earnings hit from Texas winter stormOil company Royal Dutch Shell said it expected a winter storm in Texas to wipe up to $200 million from its adjusted first-quarter earnings. Upstream production was expected to be between 2.40...
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07 Apr
07:08Quilter completes £175m of $375m buybackWealth manager Quilter said it had purchased £175 million worth of its shares as part of a £375 million buyback announced in January. Of that sum, £90 million was bought on on the London Stock...