Economic and Market News for 8 December 2017

  • 08 Dec
    US markets primed to end the week on a positive note

    Wall Street started the last session of the week on the front foot as oil prices strengthened and with European markets reacting positively to the latest developments over Brexit negotiations. The...

  • 08 Dec
    US unemployment rate unchanged at 4.1%

    The unemployment rate in the US was unchanged at 4.1%, the Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and...

  • 08 Dec
    US average hourly earnings rise

    In November, average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $26.55, the Bureau of Labor Statistics reported today. Story provided by

  • 08 Dec
    Worldwide Healthcare Trust portfolio manager leaves

    Worldwide Healthcare Trust said that Samuel D. Isaly, a senior executive at its portfolio manager OrbiMed Capital, was standing down. Ongoing management responsibility for the company’s portfolio...

  • 08 Dec
    Thor Mining acquires Australian tenement option

    Thor Mining has entered into an option agreement to acquire a 75% in interest in a tenement situated in the Pilbara region of Western Australia. The 120 day option was secured for a fee of...

  • 08 Dec
    ICG-Longbow declares dividend

    ICG-Longbow Senior Secured UK Property Debt Investments has declared an interim dividend of 1.5p per share for the three months to the end of October. The dividend will be paid on 19 Jan to...

  • 08 Dec
    Foreign & Colonial IT declares dividend

    Foreign & Colonial Investment Trust's board have declared a third interim dividend of 2.70p per share for the year ending 31 Dec. This compares with a 2.45p per share third interim dividend...

  • 08 Dec
    UK consumer inflation expectation 2.9%

    UK consumers respondents gave a median answer of 2.9% when asked to give the current rate of inflation, compared to 2.8% in August, according to the Bank of England. Story provided by...

  • 08 Dec
    UK October construction output down 1.7%

    Construction output in the UK contracted month-on-month in October 2017, decreasing 1.7%, in part due to a 1.5% fall in all new work, according to the Office of National Statistics. Story...

  • 08 Dec
    UK producers index up 3.6% in October

    Total UK production output for October 2017 compared with October 2016 increased by 3.6%, according to the Office of National Statistics. Story provided by

  • 08 Dec
    Fura Gems to raise C$12.5m

    Fura Gems said it intended to complete a private placement offering of common shares at C$0.60 per share for gross proceeds of up to C$12.5m. Fura said that in connection with the offering it...

  • 08 Dec
    Triple Point acquires properties for £4.1m

    Triple Point Social Housing REIT has completed the acquisition of three supported housing properties, comprising 28 units, for £4.1m. The properties are located in Lancashire and Merseyside....

  • 08 Dec
    KMG EP tender offer for GDRs

    KMG EP has announced the launch of a conditional tender offer to repurchase all of its outstanding GDRs and plans to delist from the London Stock Exchange and Kazakhstan Stock Exchange. The...

  • 08 Dec
    Tri-Star confirms SPMG CEO appointment

    Tri-Star Resources confirmed that Strategic & Precious Metals Processing, of which it holds a 40% interest, has appointed Jason Peers as interim chief executive. Peters had previously worked...

  • 08 Dec
    Man Group buys back shares

    Man Group bought back 170,614 ordinary shares for cancellation yesterday at a weighted average price of 197.1275p apiece under its $100m share repurchase programme. At 9:02am: (LON:EMG) Man...

  • 08 Dec
    BP buys back shares

    BP bought back 2,000,000 ordinary shares yesterday at the volume weighted average price of 491.6491p apiece for cancellation. At 9:00am: (LON:BP.) BP PLC share price was -3.4p at 484.8p Story...

  • 08 Dec
    Elderstreet VCT name changed

    Elderstreet VCT has changed its name to Elderstreet Draper Esprit VCT At 8:38am: (LON:EDV) Elderstreet Vct Plc share price was 0p at 56p Story provided by

  • 08 Dec
    BioPharma Credit declares dividend

    BioPharma Credit has declared an interim dividend of $0.01 per ordinary share for the period to the end of September. The dividend will be paid on 31 Jan to shareholders on the register on 15...

  • 08 Dec
    Xafinity issues prospectus for £70m raising

    Xafinity said a prospectus has been approved for a £70m capital raising associated with its £153m acquisition of Punter Southall Group's consulting and pensions administration businesses. Copies...

  • 08 Dec
    Carnival buys back shares

    Carnival Corporation & plc bought back 50,000 shares yesterday at an average price of 4884.3365p apiece to be held in treasury. At 8:17am: (LON:CCL) Carnival PLC share price was -0.5p at...

  • 08 Dec
    Indivior to issue shares under LTIP

    Indivior has issued 5,000,000 ordinary shares to satisfy the vesting of share awards under its long-term incentive plan. At 8:13am: (LON:INDV) Indivior Plc share price was +0.1p at 365.5p...

  • 08 Dec
    Vela Technologies to invest in cryptocurrency platform

    Vela Technologies has agreed to invest £200,589 to acquire a minority stake in BlockchainK2, a cryptocurrency and blockchain platform. The proposed investment would be funded from Vela's existing...

  • 08 Dec
    OPG Power Ventures to issue scrip dividend shares

    OPG Power Ventures said it has received final elections from shareholders for a scrip dividend and would admit the new shares to the AIM on December 22. Valid elections were received for...

  • 08 Dec
    Touchstone Exploration launches £3.0m placement

    Canada-focused oil company Touchstone Exploration has launched a private placement to raise around £3.0m to finance an expansion of its 2018 drilling campaign to 10 wells from a previously-planned...

  • 08 Dec
    IP Group update on Mirriad IPO

    IP Group said portfolio company Mirriad Advertising had successfully priced its initial public offering and applied for admission to AIM. IP Group said Mirriad had announced the raising of £26.2m,...

  • 08 Dec
    ReNeuron Group opens Boston office

    ReNeuron Group has established an office in Boston that will initially house its US-based clinical, medical and scientific communications staff. During 2018, the company said it planned to conduct...

  • 08 Dec
    Murray Income Trust director resigns

    Murray Income Trust said Michael Balfour has resigned as a non-executive director following a merger with its fund manager. Balfour found himself on the board of two companies managed by the same...

  • 08 Dec
    Turkiye Garanti Bank readies bond issuance

    Turkiye Garanti Bank said it is preparing to issue bank bonds in December with a maturity of 85 days. The move comes after the company said it received approval to to issue various kinds of debt...

  • 08 Dec
    Steppe Cement says Asia fund has 5.13% stake

    Steppe Cement said Apollo Asia Fund has become a significant shareholder in the company. The group acquired 11,241,766 of its shares, representing 5.13% stake. Story provided by...

  • 08 Dec
    Tiziana Life Sciences says cancer drug well-tolerated

    Tiziana Life Sciences said an independent analysis has concluded that treatment with cancer drug Milciclib was safe and well-tolerated. A monitoring committee conducted interim analysis of the...

  • 08 Dec
    Globalworth placing raises €340m

    Globalworth Real Estate Investments has raised €340m, gross, following the successful completion of an oversubscribed non-pre-emptive placing of 38,857,143 new ordinary shares at €8.75 apiece. The...

  • 08 Dec
    RockRose Energy completes Idemitsu acquisition

    RockRose Energy said it has completed the purchase of Idemitsu Petroleum UK following approval from the Oil and Gas Authority. Story provided by

  • 08 Dec
    Vodafone Malta deal terminated

    Vodafone Group said a proposed merger agreement in Malta has been terminated after the deal failed to win the blessing of local competition authorities. The British telecom, Apax Partners...

  • 08 Dec
    TP ICAP appoints new director

    TP ICAP has appointed Michael C Heaney as an independent non-executive director, fulfilling its pledge to recruit a new board member from the Americas. Heany, based in New York, has extensive...

  • 08 Dec
    Unite Group agrees on £75m Oxford development

    Unite Group said its students unit has exchanged contracts on a site in Oxford that will cost around £75m to develop. The deal with Oxford Brookes University includes a 25-year nominations...

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