Economic and Market News for 13 May 2019

Spirax-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...

Live 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...

Vela 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...

Columbus 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....

Europa 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:...

African 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%...

Westmount 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...

Engineering 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...

Gambling 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...

Oakley 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...

Consumer 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...

Jadestone 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...

Aircraft 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...

Sunrise 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...

Residential 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...

Verditek 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....

Gan 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...

Braemar 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...

London 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...

FirstGroup 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...

PureTech 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,...

Strategic 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...

WideCells 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...

Clean 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...

Sabien 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...

Quadrise 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...

Serinus 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...

Polarean 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...

Engineering 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...

Sirius 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...