Economic and Market News for 12 February 2020

Metal 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...

Cruise 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...

Gas 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...

Precious 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...

Dietary 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...

Cannabidiol 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...

Healthcare intellectual property investor NetScientific said it had decided to participate in $12m share issue launched by portfolio company PDS Biotechnology. NetScientific had agreed to...

Online 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...

Oil 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...

Advertising 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...

Mining 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...

Digital 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...

Zegona 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...

88 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...

Chemicals 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...

Graphene 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...

Chemistry-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...

Balkans-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...

Investment 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...

Food 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...

Azerbaijan 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...

Power 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...

Bonding 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...

Polymetal 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...