Economic and Market News for 11 December 2017

  • 11 Dec
    US stocks start week in holding pattern

    Wall Street took a pause for breath following an explosion at the Port Authority bus terminal on 42nd St. and ahead of the eagerly awaited Federal Reserve interest rate decision, due later this...

  • 11 Dec
    Patagonia Gold progresses Calcatreu acquisition

    Patagonia Gold said it has formalised an intention to exercise an option to acquire the Calcatreu deposit in Argentina from Pan American Silver for $15m. Both parties are now in the process of...

  • 11 Dec
    Mereo BioPharma collects positive trial results

    Mereo BioPharma Group said it collected positive top-line data from a trail of a first-line therapy for acute exacerbations of chronic obstructive pulmonary disease. The phase two clinical trial...

  • 11 Dec
    Plus500 granted Singapore operating licence

    Plus500 said it has been granted an operating licence in Singapore for dealing in securities and leveraged foreign exchange trading. This licence adds to the company's existing jurisdictions in...

  • 11 Dec
    Spectra Systems postpones AGM

    Spectra Systems has delayed its annual general meeting due to a lack of votes. The company said it did not have enough shareholder votes "to achieve a quorum" at the meeting, which was slated for...

  • 11 Dec
    Tower Resources advances impact study

    Tower Resources has contracted CIME Services Sarl of Cameroon to support the preparation of an Environmental and Social Impact Assessment for the drilling of multiple wells at its Thali licence in...

  • 11 Dec
    Myanmar Strategic opens second language centre

    Myanmar Strategic Holdings has opened its second Wall Street English learning centre in Myanmar. The new centre, which spans 600 square metres, is located in the City Mall St. John in downtown...

  • 11 Dec
    Premaitha Health adds laboratories in Europe

    Premaitha Health said it has expanded its European customer base with the addition of four new laboratories. They would be fully installed by early 2018 and were expected to perform an aggregate...

  • 11 Dec
    Qatar Investment Fund EGM resolutions pass

    Qatar Investment Fund said all resolutions were passed at its extraordinary general meeting. An against vote of 15% was cast for resolutions one, two and four, while resolution three passed more...

  • 11 Dec
    Mercia invests £2.5m in Medherant

    Mercia Technologies said it invested £2.5m as part of a £3.8m funding round in Medherant, a University of Warwick spin-out company developing trans-dermal drug delivery patch technology. The...

  • 11 Dec
    Randall & Quilter inks Malta underwriting agreements

    Randall & Quilter Investment Holdings said its Malta unit has entered into delegated underwriting agreements with Xpekt and Blagrove Underwriting Agency. Xpekt is a UK motor MGA specialising...

  • 11 Dec
    Real Estate Investors sells property for £4m

    Real Estate Investors said it had sold a property in Birmingham for £4m, a premium to its book valuation that represented a 5.90% net initial yield. The investment property was acquired in...

  • 11 Dec
    Vela Technologies confirms AirPortr investment

    Vela Technologies confirmed that it holds a 3.7% stake in AirPortr, a start-up that has partnered with American Airlines. The company allows customers to check their luggage in while away from the...

  • 11 Dec
    Premier Oil sells pipeline stake for £23.6m

    Premier Oil has agreed to sell its 30% interest in the Esmond Transportation System pipeline to CATS Management for up to £23.6m. The consideration consists of an initial upfront payment of...

  • 11 Dec
    AIB HoldCo shares begin trading

    AIB HoldCo - the holding company of AIB Group - began today following the scheme of arrangement taking effect on Friday. At 8:55am: (LON:AIBG) share price was +5.4p at 5.4p Story provided...

  • 11 Dec
    Carnival buys back shares

    Carnival Corporation & plc bought back 50,000 shares on Friday at an average price of 4886.2155p apiece to be held in treasury. At 8:46am: (LON:CCL) Carnival PLC share price was +14.5p at...

  • 11 Dec
    Experian buys back shares

    Experian bought back 607,278 ordinary shares on Friday at a weighted average price of 1564.8300p apiece for cancellation. At 8:36am: (LON:EXPN) Experian PLC share price was +0.5p at 1573.5p...

  • 11 Dec
    Strategic Minerals intersects tin, tungsten

    Strategic Minerals said a second-phase drilling programme at its Redmoor tin-tungsten project in Cornwall intersected high-grade mineral zones. Grade intercepts were considerably higher than...

  • 11 Dec
    Sunrise Resources gets Nevada drilling approval

    Sunrise Resources has received approval from the US Bureau of Land Management to commence second-phase drilling at its CS project in Nevada. The second phase programme allowed for mine-plan...

  • 11 Dec
    Mkango gets nod for Talaxis deal

    Mkango Resources said the TSX Venture Exchange has conditionally accepted its transaction with Noble Group subsidiary Talaxis. The deal remained subject to shareholder approval, Mkango said. It...

  • 11 Dec
    ContourGlobal IPO over-allotment option exercised

    ContourGlobal has confirmed that stabilising manager Goldman Sachs exercised the over-allotment option of 13,292,037 ordinary shares in connection with the initial public offering. ContourGlobal...

  • 11 Dec
    SDX Energy Moroccan well finds gas

    SDX Energy said it has discovered natural gas at a well in Morocco. The KSR-16 well encountered 14.2 meters of net conventional natural gas pay in the Hoot formation, it said. It expected the...

  • 11 Dec
    Coal of Africa Ltd name changed to MC Mining

    Coal of Africa Limited changed its name to MC Mining Limited. Story provided by

  • 11 Dec
    Turkiye Garanti Bank ups governance rating

    Turkiye Garanti Bank said it had increased its corporate governance rating score to 9.51 from 9.27 out of 10. The increase came after the bank signed an agreement with JCR Eurasia Rating, an...

  • 11 Dec
    Time Out to open Chicago food market

    Time Out Group has signed a conditional lease agreement for a new food market in Chicago. The market, located in the Fulton market district, is expected to open in 2019. "Today, this is one of...

  • 11 Dec
    Magnolia Petroleum commences Oklahoma investment

    Magnolia Petroleum has paid a first $500,000 tranche to Western Energy Development as part of a $18.5m capital management agreement with the company. Magnolia agreed to invest the funds into oil...

  • 11 Dec
    Tetragon completes tender offer

    Tetragon said subsidiary Tetragon Financial Group Master Fund has purchased shares in the group via a tender offer for $65m. The fund has accepted for purchase 4,779,411 Tetragon non-voting shares...

  • 11 Dec
    Morgan Advanced Materials pays $36m to pension scheme

    Morgan Advanced Materials said it has tipped an extra $36m cash into its US defined benefits pension scheme. The scheme had a deficit at June 30 of around $46m but the funding position improved...

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