Economic and Market News for 13 November 2018
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13 Nov
14:37Caspian Sunrise extends expected completion date for 3A Best dealKazakhstan-focused oil company Caspian Sunrise said all material pre-conditions of its $24m acquisition of 3A Best had been completed, though it wouldn't seal the deal by the end of the year as...
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13 Nov
14:33FLASH: Cohort unit IED wins vehicle intercom contractsCohort said subsidiary EID has been awarded two contracts to supply vehicle intercom systems worth €11m. The contracts were for supply to existing export customers, and deliveries would take place...
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13 Nov
14:18Velocys appoints new CEO and CFORenewable fuels company Velocys said it had appointed Henrik Wareborn as its new chief executive. Wareborn had been acting as a consulting adviser to the company and provided services equivalent...
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13 Nov
13:53Mosman Oil and Gas achieves improved flow rates from Texas wellMosman Oil and Gas said testing at its existing Stanley-1 well in Texas indicated that it could flow at improved rates. A final stable flow of 1,271,000 cubic feet per day of natural gas and 50...
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13 Nov
13:45Tungsten Network appoints Andy Bass as sales headInvoicing company Tungsten Network said it had appointed Andy Bass as its new senior vice president of commercial development. Bass had previously held executive sales roles at Toshiba and Lenovo,...
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13 Nov
13:34Ascent Resources welcomes process review by Slovenia environment ministerAscent Resources expressed hope that a review of regulatory procedures in Slovenia would help speed up the approval of its Petisovci tight gas project. Ascent said the the first impact from a...
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13 Nov
13:23EVR Holdings says product featuring in Facebook Oculus campaignVirtual reality music content creator EVR Holdings said MelodyVR brand and content was featuring prominently in Facebook's 2018 marketing campaign for its Oculus GO headset. The advertisements,...
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13 Nov
13:18Stride Gaming subsidiary fined £7.1m by UK gambling regulatorGambling company Stride Gaming said its subsidiary Daub Alderney had been fined £7.1m by UK regulators for failings in its anti-money laundering and social responsibility procedures. Stride said...
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13 Nov
10:25Frenkel Topping remains on track to meet FY expectationsFinancial advisor group Frenkel Topping said Tuesday it was on track to meet management expectations for the full year as year-to-date performance had benefited from a number of mandates secured in...
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13 Nov
10:02LXi REIT acquires six properties for £62.4mLXi REIT said Tuesday it had acquired six further properties for a combined total of £62.4m. The company also said it had agreed terms on a new loan facility. The acquisitions would be 'highly...
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13 Nov
09:45SolGold says Ecuador drilling results will add significantly to resource estimateSolGold said recent drilling results from its Alpala deposit in Northern Ecuador were expected to add significantly to an updated mineral resource estimated, due in December. Highlights included...
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13 Nov
09:35UK unemployment rate ticks up to 4.1%The UK unemployment rate ticked up to 4.1% in the three months through September, from 4.0% in the previous quarter, according to the Office for National Statistics. The market was expecting the...
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13 Nov
09:28Oriole Resources gets positive UK tax call; to release provisionMineral exploration company Oriole Resources said it had reached a positive agreement with UK tax authorities over a value-added tax bill. Her Majesty's Revenue and Customs had now accepted the...
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13 Nov
09:24Reabold Resources welcomes regulatory progress on planned UK oil wellsReabold Resources welcomed news that Corallian Energy, of which it owned 32.9%, had made further progress getting regulatory approval for its Wick and Colter offshore wells in the UK. More...
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13 Nov
09:19Tissue Regenix signs European distribution agreement with ArthrexRegenerative medical devices company Tissue Regenix Group said it had entered into an agreement allowing Arthrex to distribute its BioRinse bone portfolio throughout Europe, with the initial focus...
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13 Nov
09:15Polarean Imaging inks licencing agreement with Duke UniversityPolarean Imaging said it had entered into a licencing agreement with Duke University for patents related to a new use for hyperpolarised gas imaging in the field of pulmonary vascular disease. The...
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13 Nov
08:33FirstGroup appoints new CEO; warns rail profits to moderateTransport services company FirstGroup said Tuesday it had appointed Matthew Gregory as Chief Executive after but warned that rail profits would moderate. The company maintained its full year...
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13 Nov
08:29President Energy oil well in Argentina flows at better than expected ratePresident Energy said a new well at its Puesto Flores and Estancia Vieja concession in Argentina had flowed at better-than-expected rates. The PFO 1001 well had been successfully completed and...
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13 Nov
07:54AstraZeneca sells US rights to respiratory tract infection treatmentAstraZeneca said Tuesday it had agreed to sell the US rights to its respiratory tract infection treatment to Swedish Orphan Biovitrum AB for an initial $1.5bn in cash and shares. Swedish Orphan...
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13 Nov
07:42BTG upgrades pharmaceuticals sales outlook following strong first halfHealthcare company BTG upgraded its pharmaceuticals sales guidance after reporting on Tuesday that first-half profits rose sharply driven by strong performance from its interventional medicine...
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13 Nov
07:30Experian forecasts revenues at top end of guidance despite weaker H1 profitsInformation services company Experian said Tuesday first-half profits slipped following increased foreign exchange losses from a weaker Brazilian real, though the company reassured investors that...
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13 Nov
07:27Vodafone posts €7.83bn loss; sees annual earnings at midpoint of guidance rangeVodafone Group swung to a large first-half loss after it wrote down the value of its assets and narrowed its full-year earnings guidance to the midpoint of its previous range. Net losses for the...