Economic and Market News for 8 February 2021

Arricano, a developer and operator of shopping malls in Ukraine, said despite Covid-19 restrictions its shopping malls continued to perform well during 2020, largely retaining their tenant base....

Gold producer Goldplat said recovery operations achieved a combined operating profit of £3 million for the six months ended 31 December 2020, up from £2.8 million the previous year. Within this,...

Management consultancy Elixirr International said it expects to record revenue of approximately £30 million for the year ended 31 December 2020. Adjusted earnings before interest, taxes,...

Oil and gas company Bahamas Petroleum Company said it had ceased drilling activity and would abandon operations at its Perseverance-1 well in the Bahamas as volumes of oil encountered were not...

Mining group Sunrise Resources said it had not yet received assay results for its Clayton silver project in Nevada due to delays pinned on the pandemic. Sunrise Resources said the laboratory...

Biotherapeutics company Avacta said it had entered into a commercial partnership with Mologic to market the company's SARS-CoV-2 lateral flow rapid antigen test. Avacta would also support...

Aluminium and power producer En+ reported that aluminium sales decreased, as output was broadly unchanged year-on-year, while power production increased. Aluminium sales decreased 6% year-on-year...

Professional services group RBG said it had appointed Barry Roche as managing director of its law firm Rosenblatt. Roche had joined Rosenblatt in February 2020 as interim chief operating officer...

Computer vision group Seeing Machines said its driver monitoring system software, an enabler to the General Motors Super Cruise driver assistance feature, was now available in the 2021 Cadillac...

Irish oil company Providence Resources denied media speculation that it was currently in merger discussions. Ireland's Business Post had reported that Providence had been approached about a...

AssetCo said it had acquired an additional 2.5 million of shares in River and Mercantile, an asset management business, for £5.7 million. AssetCo now held about 5.85% of the issued share capital...

Broadband services provider Bigblu Broadband said it had signed an exclusive partner agreement with Asia Pacific broadband satellite operator Kacific Broadband to provide a broadband internet...

Organ transplant diagnostics group Verici Dx said it had appointed David Schultenover as vice president of quality and regulatory amid plans to accelerate its laboratory opening strategy....

Corporate restructuring company Begbies Traynor said it had acquired Hargreaves Newberry Gyngell for up for £1 million. Hargreaves Newberry Gyngell provided commercial property management,...

Location data group 1Spatial said it had signed a multi-year contract with Northern Gas Networks to deliver the UK's first enterprise migration to Esri's new ArcGIS Utility Network model. The...

Precious and base metals exploration and development company Greatland Gold said its new chief executive officer Shaun Day had commenced his role at the company. As announced on 15 December 2020,...

Development and production company Block Energy said production from the WR-38Z and WR-16aZ at its West Rustavi field had recommenced. The expected revenue from both its oil and gas production...

Pharmaceutical company 4D pharma said it had signed a clinical trial collaboration and supply agreement with Merck in Germany and Pfizer for an immunotherapy approved as a first-line maintenance...

Fresh cream cakes retailer Cake Box said it had opened its 150th store, located in Romford. Following investment to support the group's continued expansion, operations at Cake Box's new bakery...

Virtual reality music group MelodyVR said it had launched a planned 5G music partnership in Singapore with telecom company Singtel. Under the exclusive partnership, first announced in December,...

Argentina-focused oil company President Energy downgraded its estimated reserves, citing production rates and diminishing time remaining on concessions that it hopes to extend. Proven, or 1P,...

UK gas company Independent Oil and Gas said it had appointed David Gibson as its new chief operating officer. Most recently, Gibson was with Ithaca Energy, where he led the integration of the...

Online fashion retailer Boohoo said it had agreed to acquire online assets including customer data of the Burton, Dorothy Perkins and Wallis brands from Acardia for £25.2 million. This...

Alternative fuels developer Velocys said it had signed a collaboration agreement with Toyo Engineering for the production of sustainable aviation fuel and other renewable fuels in Japan. The...

Agriculture company Dekel Agri-Vision said it had entered into an agreement to acquire an additional 16.7% stake in the large scale raw cashew nut processing project at Tiebissou, Ivory Coast, for...

Digital learning company Learning Technologies said it had acquired UK-based PDT Global, a provider of online diversity and inclusion training solutions, for at least £13.2 million. The...

Disease test kit supplier Omega Diagnostics confirmed it was upscaling its manufacturing capabilities, while acknowledging a media report stating that it had been selected by the UK government to...

Credit reporting company Experian said it there was no evidence that its technology systems had been compromised following reports media reports concerning data illegally offered for sale on the...

Dechra Pharmaceuticals said it had secured the rights to market Tri-Solfen in Australia and New Zealand and had acquired a further 1.5% stake in Medical Ethics for AUD$ 32.5 million, or £18.1...