Economic and Market News for 12 January 2021

Global internet platform CentralNic has acquired online brand protection software and corporate internet services provider SafeBrands in a deal for EUR3.6 million. CentralNic said EUR3 million...

Alpha FX Group said it expected revenue for the full year to 31 December to be approximately £46 million, up from £35 million the previous year. It said it expects underlying operating profit s to...

Legal and professional services group Gately reported a profit of £6.1 million, up 9.8% from £5.5 million the previous year, in its results for the six months ended 31 October 2020. This was...

Fragrant Prosperity Holdings reported a net loss of £180,598 for the six months to 30 September 2020, up from £37,982 the previous year. This loss included administrative expenses of £130,598, up...

Clinical-stage biotherapeutics company PureTech Health said that its founded entity Vedanta Biosciences has received a $25 million investment from Pfizer as part of the Pfizer Breakthrough Growth...

Networking and medical laboratory systems tech provider BATM said it had entered an option agreement to sell its legacy software services subsidiary NG Soft for about $33 million to Aztek...

Mining group Savannah Resource said it had agreed to sell a 10% stake in the lithium field around its Mina do Barroso project in Portugal to potential customer Galp Energia for $6.4 million. Galp...

Pharmaceutical company Diurnal sad it had filed a market authorisation application to the UK Medicines and Healthcare products Regulatory Agency for its drug to treat adult and adolescent patients...

Mining group Power Metal Resources said a maiden drill programme at the Haneti Nickel platinum group metal project in Tanzania was almost 50% complete. Power Metal held 35% of Haneti with 65% held...

Document management group Restore said it had acquired IT recycling and asset disposition business Computer Disposals, for an undisclosed sum. Computer Disposals was expected to generate revenues...

Irish commercial property investor Yew Grove REIT said it was on track to collect 99.6% of rents due in the first quarter of 2021. Quarterly rents, which accounted for 90.35% of the total, had...

Derwent London touted improved collections rates after the commercial real estate company reported it had collected about 83% of recent for the December day quarter, with about 87% of office rent...

Chemicals company Johnson Matthey said it had appointed Stephen Oxley as chief financial officer starting 1 April. On the same date, Karen Hayzen-Smith would step down as interim CFO and...

Engineering company Wood Group said it had won a contract worth more than $120 million from China's Sinopec Hainan Refining and Chemical. The contract would see Wood provide engineering,...