Economic and Market News for 8 January 2021

Irish homebuilding company Cairn Homes said its request to change the currency of its shares trading on the London Stock Exchange to sterling from euro was expected to become effective at 8.00 am...

Oil and gas exploration company Baron Oil reported a significant upgrade in estimated resources from the Chuditch PSC after SundaGas, which owns 75% of the PSC, mapped a new lead, Chuditch North...

Alba Mineral Resources said it had resumed surfaced drilling at Clogau-St David's gold mine and validated its process flow-sheet as well as confirmed the production of gold concentrate of a sample...

Reach, the owner of the Daily Mirror and Daily Express newspapers, said it expects profits to beat market expectation after a surge in online revenue. The company said it expects underlying...

Multi-media content and digital solutions company Immedia detailed plans to raise £3 million through an equity placing and subscription offering. The company planned to place 10,400,000 shares at...

88 Energy said it had acquired the tract 29 coastal plain lease in Alaska after tendering the highest bid. 'Tract 29 is considered highly prospective as there is evidence of existing discoveries...

Mining services company Capital said it would finalise payments for all major equipment purchases to support the waste mining and extended drilling services contracts at the Sukari gold mine in...

Clean fuel company ITM Power said a consortium, which includes the company, had received a €5m award to study the production of green hydrogen offshore. The consortium - consisting of ITM Power,...

Oil and gas exploration and development company Canadian Overseas Petroleum said it had raised an additional £3 million via placing to fund its purchases to fund the acquisition of Atomic Oil &...

Signature Aviation confirmed that it has received an approach from Carlyle Investment Management regarding a possible offer for the company, although no proposal has been received. It said a...

Real estate group Harworth said it had sold its Bilsthorpe business park in Nottinghamshire for £4.6 million in two separate transactions. The first sale comprised the sale of a 10 acre site,...

Pets at Home Group has raised its profit expectations following a strong third quarter. It said it expects full-year underlying pre-tax profit, including the previously announced repayment of...

Energy company Echo Energy signed it had signed a cooperation agreement with GTL International, a subsidiary of the Bolivian company UruboCorp, to originate and execute transactions across the...

Gasification technology company Eqtec said it had together with its German EPC partner ewerGy signed a memorandum of understanding with Greece-based Nobilis Pro Energy, to develop the latter's...

Oil & gas services provider Ades said Khaled Hassan had resigned as chief financial officer to pursue a greater role outside of the company. To ensure an orderly transition, Hassan would...

Electronic goods maker LG Electronics said operating income surged in the fourth quarter of the year thanks to a rise in sales. For the fourth quarter of 2020, operating income rose 535.6% to KRW...

Rentokil Initial said it has acquired Tampa-based pest control company Environmental Pest Service. The company said that for the full year ending 31 December 2020, it had acquired 23 new...