Economic and Market News for 13 November 2018

Kazakhstan-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...

Cohort 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...

Renewable 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...

Mosman 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...

Invoicing 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,...

Ascent 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...

Virtual 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,...

Gambling 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...

Financial 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...

LXi 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...

SolGold 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...

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...

Mineral 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...

Reabold 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...

Regenerative 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...

Polarean 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...

Transport 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...

President 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...

AstraZeneca 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...

Healthcare 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...

Information 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...