Economic and Market News for 7 April 2021

Aberdeen 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...

Cloud 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...

Base 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...

Brazilian-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'...

Radio 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...

Event 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...

Home 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...

Chemical 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...

Mining 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...

Cruise 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...

Logistics 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...

Food 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...

Travel 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...

Power 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...

Clean 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....

Security 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,...

Construction 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...

Oil 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...