Economic and Market News for 12 December 2017

  • 12 Dec
    US markets mixed ahead of FOMC meeting

    Wall Street made a tentative start to trading on Tuesday. Treasuries were lower while the dollar advanced, which was primarily put down to today's PPI figures. Meanwhile, the latest Federal...

  • 12 Dec
    NFIB index rises in November

    The US National Federation of Independent Business (NFIB) has reported that the Index of Small Business Optimism gained 3.7 points to reach 107.5 in November. Eight of the 10 Index components...

  • 12 Dec
    US core PPI up 0.4% in November

    The index for final demand less foods, energy, and trade services - the so called core PPI- rose 0.4% in November, the Bureau of Labor Statistics confirmed today. Story provided by...

  • 12 Dec
    US producer price index up 0.4%

    The Producer Price Index in the US for final demand increased 0.4% in November, seasonally adjusted, the Bureau of Labor Statistics reported today. Final demand prices also moved up 0.4% in both...

  • 12 Dec
    Premier African Minerals conducts pit review

    Premier African Minerals said it would conduct an open pit review of its RHA tungsten mine in Zimbabwe. The review would confirm the in-situ resource grade, stripping ratio and concentrate...

  • 12 Dec
    Rainbow Rare Earths plans share placement

    Rainbow Rare Earths launched a share placement to raise between £2.6m and £2.8m. New shares would be issued to new and existing investors for no less than 14p each, the company said. Proceeds...

  • 12 Dec
    TP Group awarded defence contract

    TP Group has been awarded a £0.7m contract to supply equipment to a major overseas defence contractor. The contract was part of a wider equipment programme for submarine gas management that TPG is...

  • 12 Dec
    Tlou Energy gets Botswana listing approval

    Tlou Energy has received formal approval to list on the Botswana Stock Exchange. A total of 21,153,845 ordinary fully paid shares would be issued to investment funds managed by African Alliance...

  • 12 Dec
    Serica Energy cuts output guidance

    Serica Energy said the Forties Pipeline System, the export route for condensate from the Erskine field, would be unavailable potentially for some weeks. The pipeline's owner was planning to repair...

  • 12 Dec
    The People's Operator gets funding from directors

    The People's Operator said chairman Michael Butler and non-executive director Juliet Rosenfeld have advanced £100,000 and £150,000, respectively, to the company to enable it to meet its immediate...

  • 12 Dec
    UK November PPI +1.8%

    The UK purchasers price index rose 1.8 percentage points in November to 111.6, according to the Office of National Statistics. The headline rate of inflation for goods leaving the factory gate...

  • 12 Dec
    UK November CPI 3.1%

    The UK consumer price index in November rose to 3.1%, from 3.0% in October, according to the Office of National Statistics. Story provided by

  • 12 Dec
    NetScientific company granted patents

    NetScientific said portfolio company Wanda had two new patents licensed exclusively by the U.S. Patent and Trademark Office. The patents would significantly extend protection for the core...

  • 12 Dec
    ValiRx releases encouraging test results

    ValiRx said it had generated further positive results from tests of a lung cancer treatment. Further to the release of pharmacokinetic data from the completed second-phase clinical trial, the...

  • 12 Dec
    Plant Health Care signs new test agreement

    Plant Health Care said fifth major agricultural and seed company has signed an agreement to evaluate its Innatus 3G pesticide product. The agreement means all five of the top agricultural and seed...

  • 12 Dec
    Experian buys back shares

    Experian bought back 633,000 ordinary shares yesterday at the weighted average price of 1570.6216p apiece for cancellation. At 9:14am: (LON:EXPN) Experian PLC share price was +41.5p at 1606.5p...

  • 12 Dec
    Realm Therapeutics commences treatment study

    Realm Therapeutics said the first patient has been dosed in its Phase 2 study of PR013, a treatment of allergic conjunctivitis. The study is being conducted in the US and top line data is...

  • 12 Dec
    Man Group buys back shares

    Man Group bought back 116,970 ordinary shares for cancellation yesterday at a weighted average price of 199.6168p apiece under its $100m share repurchase programme. At 8:42am: (LON:EMG) Man Group...

  • 12 Dec
    Saffron Energy confirms board changes, new name

    Saffron Energy confirmed that James Parsons, chief executive of Sound Energy, had had been appointed as chairman of the company. Saffron also confirmed that it would be re-named Coro Energy,...

  • 12 Dec
    W Resources receives loan approval

    W Resources said it has received preliminary approval from a US Special Situations Fund to provide it with a $30m term loan to fund the La Parrilla tungsten-tin mine in Spain. The term loan had...

  • 12 Dec
    President Energy gets licence extension

    President Energy said the Rio Negro provincial legislature has approved a 10-year extension agreement for the Puesto Flores and Estancia Vieja concession in Argentina. President said it looked...

  • 12 Dec
    Oilex launches share placement

    Oilex has entered into subscription agreements for a conditional capital raising of up to A$2.35m (£1.33m). The funding would help fast track commencement of the 2018 work programme at the Cambay...

  • 12 Dec
    Weatherly to acquire Australian mine

    Weatherly International has agreed to acquire the Kitumba copper project in Zambia from Australian-listed Intrepid Mines. It would pay an up-front consideration of A$4.75m in cash, plus deferred...

  • 12 Dec
    Premier Veterinary Group signs US sales agreement

    Premier Veterinary Group said subsidiary Premier Vet Alliance has signed a co-operation agreement with MWI Animal Health, one of the largest US distributors serving companion animal, equine and...

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