Economic and Market News for 8 February 2021
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08 Feb
14:47Arricano reports solid performance for 2020Arricano, 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....
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08 Feb
13:33Goldplat profits riseGold 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,...
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08 Feb
13:12Elixirr International expects to record revenue for 2020Management 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,...
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08 Feb
10:01Bahamas Petroleum to abandon, plug well in Bahamas amid lack of commercial viabilityOil 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...
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08 Feb
09:57Sunrise Resources says Clayton silver assay results delayedMining 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...
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08 Feb
09:50Avacta teamsp up with Mologic to market Covid-19 testsBiotherapeutics 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...
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08 Feb
09:47En+ reports fall in aluminium sales on broadly unchanged outputAluminium 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...
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08 Feb
09:34RBG appoints Barry Roche as head of law firm Rosenblatt.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...
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08 Feb
09:24Seeing Machines says software available in 2021 Cadillac EscaladeComputer 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...
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08 Feb
09:07Providence Resources denies media speculation of SpotOn mergerIrish 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...
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08 Feb
09:06AssetCo acquires further stake in River and Mercantile amid transition to asset, wealth management businessAssetCo 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...
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08 Feb
09:02Bigblu Broadband teamspup with Kacific amid New Zealand expansionBroadband 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...
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08 Feb
09:01Verici Dx appoints David Schultenover as quality, regulatory headOrgan 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....
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08 Feb
08:56Begbies Traynor acquires Hargreaves Newberry Gyngell for up for £1 millionCorporate restructuring company Begbies Traynor said it had acquired Hargreaves Newberry Gyngell for up for £1 million. Hargreaves Newberry Gyngell provided commercial property management,...
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08 Feb
08:561Spatial wins contract from Northern Gas NetworksLocation 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...
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08 Feb
08:52Greatland Gold's Shaun Day gets CEO role underwayPrecious 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,...
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08 Feb
08:50Block Energy brings two wells online at West Rustavi fieldDevelopment 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...
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08 Feb
08:364D pharma inks collaboration, supply agreement with Merck, Pfizer to assess urothelial cancer drugPharmaceutical 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...
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08 Feb
08:32Cake Box opens new store in RomfordFresh 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...
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08 Feb
07:57MelodyVR launches 5G partnership with SingTelVirtual 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,...
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08 Feb
07:51President Energy cuts reserves estimates, citing time limits on concessionsArgentina-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,...
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08 Feb
07:47Independent Oil and Gas appoints David Gibson as COOUK 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...
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08 Feb
07:45Boohoo acquires Dorothy Perkins, Wallis, Burton brands from Acardia for £25.2mOnline 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...
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08 Feb
07:40Velocys extends Japanese sustainable fuels collaboration with Toyo EngineeringAlternative 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...
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08 Feb
07:37Dekel Agri-Vision acquires further stake in cashew nut processing project in Ivory CoastAgriculture 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...
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08 Feb
07:34Learning Technologies acquires PDT Global for £13.2mDigital 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...
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08 Feb
07:32Omega Diagnostics upscaling production amid report of Covid contract winDisease 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...
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08 Feb
07:21Experian denies reports of data breach in BrazilCredit 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...
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08 Feb
07:14Dechra Pharmaceuticals secures rights to market Tri-Solfen; acquires further stake in Medical EthicsDechra 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...
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08 Feb
07:09Drax acquires Pinnacle Renewable Energy to boost biomass production capacityPower generation business Drax said it had signed an agreement to acquire Pinnacle Renewable Energy for C$11.30 per share, or £226 million. The acquisition 'advances Drax's biomass strategy by...