Economic and Market News for 13 May 2019
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13 May
15:22Spirax-Sarco Engineering completes acquisition of ThermocoaxSpirax-Sarco Engineering said it had completed its acquisition of Thermocoax Developpement following regulatory approval in France, Germany and the US. Details of the deal were first announced in...
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13 May
14:41Live Company inks agreement with Exhibition Hub for Belgium showsLive Company Group said it had signed a multi-year agreement with exhibition provider Exhibition Hub. Under the Agreement, Exhibition Hub would promote, manage and operate Bricklive shows...
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13 May
14:26Vela Technologies notes Argo Blockchain pact with Hive Blockchain TechnologiesVela Technologies noted that Argo Blockchain had formed a strategic partnership with Hive Blockchain Technologies. Vela Technologies currently held a 1.0% stake in Argo Blockchain. The deal would...
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13 May
14:21Columbus Energy Resources granted petroleum licence in TrinidadColumbus Energy Resources said it had been granted a private petroleum licence for the Bonasse area in Trinidad. The licence, in the country's south west peninsula, included the Bonasse field....
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13 May
14:08Europa Metals poised to kick off drilling at Toral project in SpainEuropa Metals said that a rig had been mobilised to site at the Toral lead-zinc-silver project in northern Spain. The drilling campaign was expected to commence in the next five days. At 2:08pm:...
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13 May
14:06African Battery Metals acquires stake in Botswana nickel playAfrican Battery Metals said it had entered into an acquisition and earn-in agreement for a nickel and platinum group metals opportunity in Botswana. The company said it had acquired an 18.26%...
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13 May
13:37Westmount Energy sells part of Eco Atlantic Oil & Gas stakeWestmount Energy said it had sold part of its stake in Eco Atlantic Oil & Gas, for around £1.3m. The proceeds from the sale of around 1.6m shares would be use to to pursue opportunities in the...
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13 May
13:29Pressure Technologies gets exchange nod for sale of Greelane BiogasEngineering group Pressure Technologies said the planned sale of its PT Biogas Holdings unit to Creation Capital had been approved by the TSX Venture Exchange. Completion of the deal would follow...
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13 May
13:17Paddy Power Betfair secures additional £250m loan facilityGambling company Paddy Power Betfair said it had secured an additional term loan facility of £250m, in addition to its £450m five-year revolving credit facility. The new loan would provide further...
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13 May
13:13Oakley Capital invests in maritime e-learning businesses Videotel and SeagullOakley Capital Investments said its fund Oakley Capital IV2 had invested in maritime e-learning businesses Videotel and Seagull. The majority stakes in the businesses were acquired from current...
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13 May
13:05Unilever completes €165m share buybackConsumer goods giant Unilever said it had completed €165m buyback of its own shares. The repurchase plan was announced 29 April. At 1:05pm: (LON:ULVR) Unilever PLC share price was +13.25p at...
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13 May
10:24Jadestone Energy expects no change to pre-drill expectations for Stag 49H infill wellJadestone Energy said its pre-drill expectations for the Stag 49H infill well would likely remain in unchanged following the latest drilling operations at the well. Based on the well data, there...
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13 May
10:18Avation enters into sale, leaseback transaction with Cebu Air for new ATR 72-600 aircraftAircraft leasing company Avation added an additional aircraft to its fleet after entering into a sale and leaseback transaction with Cebu Air, for a new ATR 72-600 aircraft. The aircraft was...
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13 May
09:56Sunrise Resources submits permitting request for Nevada projectSunrise Resources said it had submitted a permitting request for its CS pozzolan-perlite project in Nevada. The Mine Plan of Operations/Nevada Reclamation Permit Application was submitted to the...
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13 May
09:31Residential Secure Income inks management pact with Places for PeopleResidential Secure Income said it had signed a new 10-year management agreement with Places for People group. The agreement covered the day-to-day management, rent collection and maintenance of...
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13 May
09:16Verditek borrows $600k from director Gavin MayhewVerditek said it had entered into a secured $600k loan with non-executive director Gavin Mayhew. The loan had a term of three months but was extendable at the company's discretion to six months....
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13 May
09:02Gan lines up Rey del Valle to replace departing CFO Richard SantiagoGan appointed Rey del Valle as Chief Financial Officer-designate as current Chief Financial Officer Richard Santiago was expected to leave the company in the summer to pursue an alternative...
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13 May
08:53Braemar Shipping Services to take significant stake in Aqualis after combining technical services divisionBraemar Shipping Services said it had sold three business lines within the its technical services division to Aqualis in exchange for a 'significant' equity stake in the combined group. Under the...
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13 May
08:32London Metric Property exchanges contracts to let two logistics warehouses at Bedford Link Logistics ParkLondon Metric Property exchanged contracts to let two logistics warehouses across 138,000 square feet at its Bedford Link Logistics Park. The largest warehouse of 107,000 square foot had been let...
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13 May
08:21FirstGroup shareholder proposes board shakeupFirstGroup said it had received a request to call a shareholders meeting from a US activist investor proposing its nominees replace a number of the company's board members. The company said...
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13 May
07:56PureTech Health affiliate Vedanta Biosciences notches $18.5m financing extensionPureTech Health said affiliate Vedanta Biosciences had announced an $18.5m extension of a financing round, bringing the total for the round to $45.5m. The new investment came from JSR Corporation,...
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13 May
07:53Strategic Minerals seals purchase of stake in Cornwall tungsten playStrategic Minerals said it had executed final unconditionally binding documentation for the acquisition from New Age Exploration of 50% of Cornwall Resources. Cornwell is a joint venture vehicle...
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13 May
07:50WideCells assesses options for stem call business after staff departWideCells Group said it was assessing options for its stem cells business after a number of senior staff departed the group. The departures came despite significant efforts to restructure the...
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13 May
07:45Mycelx Technologies swings to profit after Saudi Arabia contract winsClean water technology company Mycelx Technologies swung to a full-year profit after contract wins in Saudi Arabia and Australia boosted revenue. Pre-tax profit for the year through December...
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13 May
07:41Sabien Technology raises capital to deliver sales ordersSabien Technology said it had raised £0.3m via a share placing to provide additional working capital and deliver sales orders. New shares in the company were issued 0.1p each. Story provided...
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13 May
07:39Quadrise Fuels International sketches development plan with API POLY-GCL AllianceQuadrise Fuels International said it had signed a non-binding agreement with API POLY-GCL Alliance. The memorandum of understanding defined how the pair would work together on an exclusive basis...
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13 May
07:35Serinus Energy to drill new well in Romania in late 2019 or early 2020Serinus Energy said it expected to drill a new well at its acreage in Romania late in 2019 or early in 2020. The Moftinu - 1004 well was an appraisal well designed to provide additional gas to the...
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13 May
07:27Polarean Imaging advances enrolment for US drug device trialPolarean Imaging said enrolment for its clinical trials at Duke University and at the University of Virginia had passed 80% for a lung transplant pathway and 50% in a lung resection pathway. The...
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13 May
07:14Ricardo acquires Australia's Transport Engineering for around £28.9mEngineering group Ricardo said it had agreed to acquire rail system company Transport Engineering from private owners Stephen and Alia Boyd for $53.6m (£28.9m). The final purchase price was...
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13 May
07:08Sirius Real Estate acquires German business park for €8.7mSirius Real Estate said it had completed the acquisition of Buxtehude Business Park south west of Hamburg for €8.7m. The vendor was a 'well known, international spirits company', Sirius said. The...
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13 May
07:05Metro Bank says plan to raise £350m 'well advanced'Metro Bank said its plan to raise £350m from a share issue was 'well advanced'. The company said it had commenced final discussions with existing shareholders and new investors. Feedback...