Economic and Market News for 8 January 2018

  • 08 Jan
    Wall Street falls back following bumper week of gains

    Traders witnessed a sudden change of direction on markets in the US following last week's string of consecutive daily gains, with investors considering whether valuations are now starting to look a...

  • 08 Jan
    RM Secured invests share issue proceeds

    RM Secured Direct Lending said it had either closed or entered into binding commitments for investments worth £22m for its £30m C-share portfolio. Of the £22m, £15m had been cash funded with the...

  • 08 Jan
    SysGroup appoints new director

    SysGroup has appointed Mike Fletcher as a non-executive director. Fletcher is currently chairman of AIM-listed Inspired Energy and is also the managing partner of Praetura Capital. At 10:01am:...

  • 08 Jan
    Randall & Quilter CFO resigns

    Randall & Quilter said chief financial officer Tom Booth has resigned to pursue alternative opportunities. Deputy chairman Alan Quilter has assumed the role of CFO, a position which he had...

  • 08 Jan
    UK December house prices -0.6%, says Halifax

    UK house prices fell 0.6% in the month of December compared to November, according to lender Halifax. Story provided by

  • 08 Jan
    Venture Life Group makes awards list

    Venture Life Group said it had been selected as one of 200 companies appearing on the "Ones to Watch List" at the European Business Awards. "The business is going well, and for the year to...

  • 08 Jan
    Maistro changes company name

    Maistro said it had changed its company name from Blur Group. Trading in the company's shares under the name Maistro commenced this morning in London. At 9:50am: (LON:MAIS) share price was...

  • 08 Jan
    Numis confirms CFO appointment

    Numis confirmed it had appointed Andrew Mark Holloway as its new chief executive officer following the resignation of Simon Denyer. The change was first announced in July. At 9:45am: (LON:NUM)...

  • 08 Jan
    Xeros Technology inks development pact

    Xeros Technology Group said it had signed a second Symphony project development agreement with another manufacturer of commercial washing machines. The partner, which Xeros didn't name, had a...

  • 08 Jan
    Nostra Terra loan approved

    Nostra Terra has received approval for a new $5m senior lending facility with Washington Federal Bank. A $1.2m portion of the facility would be immediately available for use on completion of legal...

  • 08 Jan
    Domino's Pizza buys back shares

    Domino's Pizza Group bought back 250,000 ordinary shares on Friday at an average price of 346.24p apiece for cancellation. At 8:39am: (LON:DOM) Dominos Pizza Group PLC share price was +2.75p at...

  • 08 Jan
    Man Group buys back shares

    Man Group bought back 111,616 ordinary shares on Friday for cancellation at a weighted average price of 211.4586p apiece under its US$100m repurchase programme. At 8:34am: (LON:EMG) Man Group PLC...

  • 08 Jan
    Kingfisher buys back shares

    Kingfisher bought back 666,965 ordinary shares on Friday at average price of 340.3635p apiece for cancellation. At 8:32am: (LON:KGF) Kingfisher PLC share price was -2.6p at 337p Story provided...

  • 08 Jan
    Versarien forms Asian partnership

    Versarien has signed agreement with a global textiles and apparel manufacturer to collaborate on the incorporation of graphene into fabrics and assess its suitability for inclusion in high...

  • 08 Jan
    Shanta Gold appoints permanent CFO

    Shanta Gold said it had appointed Luke Leslie as chief financial officer on a permanent basis. Leslie was appointed interim CFO in September. At 8:28am: (LON:SHG) Shanta Gold Ltd share price was...

  • 08 Jan
    Solo Oil expects second well at Tanzania project

    Solo Oil said plans have been put in place for a second appraisal well at the Ruvuma petroleum sharing contract in Tanzania, which is operated by Aminex. The Ntorya-3 well would be drilled on the...

  • 08 Jan
    Tungsten grows trade finance business

    Tungsten Corporation said outstanding invoices at its trade finance business had grown to record levels. The business, Tungsten Network Finance, had outstanding invoices worth £54.5m at December...

  • 08 Jan
    Verditek unit wins US work

    Verditek said subsidiary BBR Filtration has agreed to undertake a trial with a water authority in the northeast of the US. The trial, to commence in early spring 2018, would test BBR's odour...

  • 08 Jan
    GCP placing to raise £60m

    GCP Infrastructure Investments has announced a placing of new ordinary shares at 122.0p apiece to raise gross proceeds of around £60m. The price represents a discount of 5.0p to closing market...

  • 08 Jan
    Magnolia Petroleum participating in new Oklahoma wells

    Magnolia Petroleum said three additional wells would be drilled near the existing Gilchrist oil well in Oklahoma by project operator SandRidge Energy. The extra wells would be drilled on the same...

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