Economic and Market News for 12 February 2020
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12 Feb
14:30Metal Tiger welcomes positive drilling result in AustraliaMetal Tiger welcomed news that investee company Cobre had recorded positive results from a maiden care drill hole at the Schwabe prospect within its Perrinvale copper project in Western Australia...
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12 Feb
14:22Carnival warns of coronavirus hit to earnings guidanceCruise company Carnival warned the ongoing coronavirus outbreak would have a material impact on its financial results that was not anticipated in its 2020 earnings guidance. The company said that...
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12 Feb
14:15Centrica, Weir chairman Charles Berry takes leave due to medical conditionGas and power utility Centrica said chairman Charles Berry was taking a leave of absence due to an unanticipated medical condition. 'We wish him well and expect him to return to his duties...
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12 Feb
14:05Phoenix Copper study indicates no environmental showstoppers at Idaho minePrecious metals explorer Phoenix Copper said no critical habitat for threatened or endangered plant or wildlife was identified within the project area for its proposed Empire miner in Idaho. The...
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12 Feb
13:53OptiBiotix Health inks Uruguay licencing pact for dairy productsDietary supplements company OptiBiotix Health said subsidiary ProBiotix Health had signed a licencing agreement with Granja Pocha, extending its reach into dairy products. The agreement was for...
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12 Feb
13:49Zoetic raises capital to fund cannabidiol product manufacturing in USCannabidiol products retailer Zoetic said it had raised £0.39k via an issue of convertible loan notes and ordinary shares in the company, offered at 6p each. Proceeds would primarily accelerate...
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12 Feb
13:44NetScientific borrows from shareholder to participate in PDS Biotechnology raisingHealthcare intellectual property investor NetScientific said it had decided to participate in $12m share issue launched by portfolio company PDS Biotechnology. NetScientific had agreed to...
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12 Feb
13:17Sosandar to raise £5m from share placingOnline women's fashion retailer Sosandar launched a share placing to institutional investors to raise £5m to fund its growth. New shares in the company would be issued at 17p each. Proceeds would...
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12 Feb
13:12BP sets net zero carbon goal by 2050Oil company BP said it had set a zero net carbon target by 2050 or sooner and aimed to halve the carbon intensity of the products it sells in the same time frame. The company also set a net zero...
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12 Feb
10:03WPP acquires Miami-based marketing technology consultancy XumaKAdvertising company WPP said its Wunderman Thompson unit had acquired Miami-based marketing technology consultancy XumaK, for an undisclosed sum. XumaK currently employed around 60 people. The...
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12 Feb
09:48Rio Tinto reviewing viability of ISAL aluminum smelter in IcelandMining titan Rio Tinto said it was reviewing the viability of its loss-making ISAL aluminum smelter in Iceland and would consider curtailing or closing the operation, which employs around 500...
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12 Feb
09:437digital wins contract with jazz music streaming serviceDigital music group 7digital said it had secured a contract to use its music platform-as-a-service to power Jazzed, a dedicated audio-visual streaming service for jazz music claimed to be a world...
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12 Feb
09:37Zegona Communications welcomes Euskaltel pact with Virgin in SpainZegona Communications said its main investment holding and telecom company Euskaltel had signed a trademark licence agreement to use the Virgin brand in Spain. Zegona was the largest shareholder...
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12 Feb
09:2088 Energy hopes to start drilling Alaska well in late February88 Energy said an ice road needed to drill a key well in Alaska was now more than 80% complete, with the commencement of drilling on track for late February. The permit to drill the Charlie-1 was...
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12 Feb
09:13Itaconix extends supply relationship with New Wave Global ServicesChemicals company Itaconix said it had extended a commercial relationship with North American detergent supplier New Wave Global Services. A related new dishwashing formulation was based on a new...
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12 Feb
09:05Directa Plus secures certification for printing paste technologyGraphene nanoplatelet supplier Directa Plus said it had secured a new certification for its graphene printing paste technology. The Eco Passport by OEKO-TEX was an independent certification system...
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12 Feb
09:02DeepMatter to collaborate with University of Leeds on robotic laboratoryChemistry-focused technology platform provider DeepMatter said it would collaborate with the University of Leeds to integrate its platform with the latter's laboratories. The project was a step in...
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12 Feb
08:53Fox Marble inks sales agreement with Kosovo's EBABalkans-focused marble quarrying and processing group Fox Marble said it had agreed to provide processed marble in the form of tiles, stair treads and window lintels to EBA. EBA was a local...
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12 Feb
08:44Craven House Capital raises $1.9m from share issuanceInvestment company Craven House Capital said it had raised $1.9m from a share placing to fund new investments. New shares in the company were issued at $10 each, a large premium to their closing...
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12 Feb
08:38Agronomics invests $3m in meat replacement group Foods UnitedFood technology investor Agronomics said it had subscribed for $3m of shares in plant-based-chicken-focused company Foods United. The investment would be covered from the company's own resources...
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12 Feb
08:34Anglo Asian Mining debt free after making final loan repaymentAzerbaijan focused gold and silver producer Anglo Asian Mining said it had made a final repayment of its bank loan finance and was now debt free. The company said it had completed a refinancing...
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12 Feb
08:10Power Metal Resources commissions more work at Congo copper prospectPower Metal Resources said it had commissioned Minex Consulting to carry out further work at its 70%-owned Kisinka copper-cobalt project in the Democratic Republic of the Congo. The work would...
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12 Feb
07:35Scapa warns of profit miss, citing cost pressuresBonding products maker for the industrial and healthcare sectors Scapa warned its annual profit would fall short of market expectations, citing cost pressures. Revenue for the year through March...
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12 Feb
07:14Polymetal International doubles reserves estimate at Kutyn gold project in RussiaPolymetal International announced a doubling of the ore reserves estimate at the Kutyn gold project in Russia. An updated JORC-compliant estimate comprised 8.4m tonnes of ore with an average grade...
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12 Feb
07:03Sainsbury's banking unit chairman Roger Davis to stand downSupermarket chain Sainsbury's said the chairman of its banking unit, Roger Davis, would stand down. A search to find his replacement will begin and a further announcement regarding the timing of...