Economic and Market News for 13 January 2021
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13 Jan
10:03Kromek receives £1.25m Innovate UK funding to advance biological-threat detection technologyDetection technology supplier Kromek said it had received £1.25 million from Innovate UK to customise its biological threat-detection solution used in the automated detection of all airborne...
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13 Jan
10:00Adamas Finance Asia completes name change to Jade Road InvestmentsPan-Asian invest company Adamas Finance Asia said it had changed its name 'Jade Road Investments Limited,' and would trade under the ticker'JADE.' The change reflected 'the spirit of connecting...
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13 Jan
09:58ICG-Longbow Senior Secured UK Property Debt Investments receives repayment of £4.3m Carrara loanICG-Longbow Senior Secured UK Property Debt Investments said it had received repayment of the £4.3 million Carrara loan, following a sale of the property securing the loan. The repayment was...
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13 Jan
09:58Nightcap makes trading debut; acquires London Cocktail ClubCocktail bar owner Nightcap commenced trading on London's AIM market, having raised £4.0 million through a fundraising at 10p per share. The company acquired, upon admission, bar group the London...
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13 Jan
09:56Eco Animal Health gets regulatory nod for swine respiratory disease treatment in US, CanadaLivestock products developer Eco Animal Health said it had received marketing authorisations from US and Canadian health authorities for its swine respiratory disease drug Aivlosin. These...
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13 Jan
09:50Diploma appoints Anne Thorburn as senior independent directorTechnical products and services provider Diploma said that Anne Thorburn had been appointed as the senior independent director starting 20 January 2021. The appointed followed the retirement of...
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13 Jan
09:48Avingtrans continues to perform in-line with market expectationsCritical components maker Avingtrans said it had continued to perform well in the first half of the financial year and was trading in line with market expectations. The group said it would publish...
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13 Jan
09:47Renalytix welcomes new US coverage pathway for diagnostic testsKidney disease diagnostics group Renalytix welcomed news that a new coverage pathway had been established in the US for medical devices and diagnostics tests. The Centers for Medicaid &...
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13 Jan
09:46Argo Blockchain begins trading on OTCQB Venture Market in USCryptocurrency miner Argo Blockchain said it had received regulatory approval to commence trading on the OTCQB Venture Market under the ticker symbol 'ARBKF,' at the opening of the trading day on...
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13 Jan
09:32Bango annual revenue tops expectations as pandemic fuels digital payments activityCommerce platform Bango said annual revenue topped its expectations as global lockdown restrictions to curb the pandemic spurred online transactions and drove up digital payments. For the 12...
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13 Jan
09:29Synairgen doses first UK patient in Covid-19 treatment trialRespiratory drug developer Synairgen said the first patient has been dosed in the UK as part of a trail of an inhaled treatment for hospitalised Covid-19 patients. Several UK sites had now been...
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13 Jan
09:241Spatial wins contract from California's Office of Emergency ServicesLocation data group 1Spatial said it had signed a multi-year contract with California's Office of Emergency Services. The contract had a total value of about $0.6 million over two years, with a...
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13 Jan
09:11Tiziana Life Sciences appoints Neil Graham as chief medical officerOncology, inflammation and infectious diseases focused Tiziana Life Sciences said it had appointed Neil Graham as its chief medical officer. Graham had from 2010 to 2020 been vice-president of...
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13 Jan
09:11Keywords Studios completes $13.3m acquisition of Heavy Iron StudiosVideo game services provider Keywords Studios said it had completed the $13.3 million acquisition of Heavy Iron Studios. on the terms previously announced. At 9:11am: (LON:KWS) Keywords...
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13 Jan
09:09Allergy Therapeutics first-half revenue up 7%Commercial biotechnology company Allergy Therapeutics said first-half revenue had increased 7%, in line with its expectations, on strong performance in Germany, Austria, Netherlands and...
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13 Jan
07:59Asos sees annual profit at top end of market expectations on stronger demandFast fashion retailer Asos lifted its guidance on annual profit after performance in the four months through 31 December topped its expectations amid stronger-than-anticipated demand. The company...
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13 Jan
07:53TP mulls sale of maritime engineering business after receiving approachesDefence contractor TP said it was considering a sale of its maritime engineering business after it received expressions of interest from potential buyers. TP said it had appointed advisers to...
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13 Jan
07:38Hipgnosis Songs Fund acquires Shakira song catalogueMusic rights investor Hipgnosis Songs Fund said it had acquired a song catalogue from Shakira, for an undisclosed sum. Shakira had sold over 80 million records, making her the bestselling female...
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13 Jan
07:31Electrocomponents completes $145m Synovos acquisitionIndustrial and electronics products company Electrocomponents said it had completed the $145 million acquisition of Synovos on 12 January, after meeting the required conditions to complete the...
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13 Jan
07:28Howdens Joinery upgrades outlook on profit amid stronger-than-expected performanceKitchens and joinery products maker Howdens Joinery upgraded its outlook on annual profit after reporting stronger than expected performance. Since the company's announcement on 9 December 2020,...
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13 Jan
07:24Liontrust Asset Management assets rise 43% as quarterly net inflows growFund management group Liontrust Asset Management reported a 43% rise in quarterly assets under management and advice on net inflows of £792 million. For the period 1 October to 31 December 2020,...