Economic and Market News for 11 September 2019

Armadale Capital said assay results from a final drilling campaign at the Mahenge Liandu graphite project in Tanzania had confirmed high-grade near-surface mineralisation. Highlights included 5...

Eco Animal Health said it had entered into a second exclusive research partnership with the UK's Pirbright Institute, to develop another novel vaccine for use in chickens. Technologies developed...

Cora Gold said recent test results had demonstrated further high-grade gold mineralisation at its Sanankoro discovery in Mali. Highlights included 31 metres at 1.39 grams per tonne of gold,...

Independent Oil and Gas said an appraisal well had confirmed the presence of natural gas at its Harvey prospect in the North Sea. The Harvey appraisal well 48/24b-6 was drilled to a total depth of...

Oncology and rare disease focused Midatech Pharma said it had received funding of €6.6m from the Spanish government. The funding would support the company' manufacturing facility in Bilbao. It...

The US producer price index rose 0.1% in August, according to the Bureau of Labor Statistics. The market had been expecting a flat reading. Story provided by StockMarketWire.com

UK Oil & Gas confirmed that Surrey County Council had granted full planning consent for long-term oil production at the its flagship Horse Hill oil field near Gatwick Airport. The planning...

Hong Kong Exchanges and Clearing said it had made a £31.6bn takeover bid for London Stock Exchange, sending the British bourse operator's shares surging. Shareholders in the UK company would be...

Anglo African Oil & Gas said that well re-entry operations had now commenced at the Tilapia site in Pointe Noire in preparation for drilling the TLP-103C side track. Engineers on site had...

UK-focused REIT Capital & Regional swung to a loss in the first half of the year amid a fall in the value of its property portfolio as a growing number of retailers entered administration...

Animal genetics company Genus said a US court reached a decision on damages that flow from the ABS Global's infringement of two patents asserted by Inguran and Cytonome. The decision arrived a day...

Kibo Energy said Tanzanian subsidiary, Mbeya Power, was informed that its water rights, acquired during August last year, were successfully renewed ahead of schedule. This ensured the...

88 Energy said it proposed to raise up to A$10m through the placing of new shares at a discount. The placing price was equivalent to a discount of 20% to the volume weighted average price on...

ADM Energy said it had entered into agreements to raise £832,000 before expenses from Zark Capital and other investors. The company intended to raise £832,000 issuing 11,885,713 new ordinary...

UK defence group Chemring said its US-based subsidiary, Chemring Countermeasures USA, had won four contracts to supply countermeasures to support the US Navy and US Air Force. The first contract,...

Product and services group CPP said it had acquired the UK insurance broker, Business & Domestic Insurance Services as the company moved into the UK insurance broker market. B&D, one of...

Construction company investor SigmaRoc said it had agreed to acquire Belgian sea defence rock quarrying group Stone Holdings for up to €2.2m. The consideration would be paid through a combination...

Residential developer and urban regeneration group Sigma Capital said chief operating officer Graeme Hogg had stood down, with immediate effect. Hogg had been with the business for eight years....

Facilities management company Mitie said chief financial officer Paul Woolf was leaving to take up the same role at intellectual property management company CPA Global. Woolf, who joined the...

Wentworth Resources said it had achieved a formal signing of commercial operations date agreement, a key commercial milestone for the Mnazi Bay joint venture in Tanzania. The agreement was signed...

Yolo Leisure and Technology welcomed news that a company in which it is invested, Simplestream, had built a video platform and website for Channel 4. The site was built specifically for the...

Solo Oil said it had signed services agreements with Three60 Energy and NRG Well Management to provide it with operational capabilities. There was no cost to the company associated with either...

UK Oil & Gas said it had completed the acquisition of an additional stake in the Horse Hill oil field near Gatwick Airport south of London. The deal came via the purchase of Magellan Petroleum...

Performance nutrition company Science in Sport said it had appointed James Simpson as its new chief financial officer. Simpson would join on 26 September from online fashion retailer Asos, where...

Property portal OnTheMarket said it had signed a listing and additional advertising products agreement with housebuilder Barratt Developments. Barratt would list residential developments and...