Economic and Market News for 13 December 2017

  • 13 Dec
    Wall Street opens higher ahead of FOMC announcement

    US markets made positive progress in early trading ahead of this evenings Federal Open Market Committee press conference, with an increase in the baseline interest rate widely expected. The Dow...

  • 13 Dec
    US core CPI up 0.1% in November

    The Consumer Price Index for all items less food and energy - the so-called core CPI - rose 0.1% in November, the Bureau of Labor Statistics said today. Story provided by

  • 13 Dec
    US CPI up 0.4% in November

    The Consumer Price Index (CPI) for All Urban Consumers rose 0.4% in November on a seasonally adjusted basis, the Bureau of Labor Statistics reported today. Story provided by

  • 13 Dec
    PureTech Health company granted US patents

    PureTech Health said affiliate company Vedanta Biosciences had been issued with four new patents by the US Patent and Trademark Office. The patents broadly cover compositions of matter and methods...

  • 13 Dec
    Senior wins Malaysia contract

    Senior said its Malaysian unit has won a five-year contract with Spirit AeroSystems. The contract, which would commence in 2019, is to provide machine details and subassemblies on Boeing...

  • 13 Dec
    Ubisense wins satellite contract

    Ubisense has won a contract with a manufacturer of commercial and military geosynchronous satellite platforms and space probes, which it didn't name. The contract marks the first time the company...

  • 13 Dec
    Highland Gold board adopts dividend policy

    Highland Gold Mining's board has adopted a dividend policy which anticipates a total payout of 20% of net cash flow from operating activities. The company said it aimed to pay a dividend that took...

  • 13 Dec
    Strat Aero open offer to raise £510,000

    Strat Aero has announced an open offer to shareholders to raise up to approximately £510,000 (before costs and expenses) on the basis of 20 open offer shares for every 27 existing ordinary shares...

  • 13 Dec
    Vela Technologies completes placement

    Vela Technologies has raised £750,000 through a share placement. New shares were issued at 0.65p each. "The net proceeds from the placing will be used by the Company to take advantage of further...

  • 13 Dec
    Plant Impact invites bids amid cash shortfall

    Pesticides group Plant Impact has put itself up for sale after a delayed contract agreement with Bayer caused a cash crunch and prompted a strategic review. The company said in was in discussions...

  • 13 Dec
    UK December unemployment rate 4.3%

    The UK unemployment rate in December was 4.3%, down from 4.8% for a year earlier and the joint lowest since 1975, according to the Office of National Statistics. Latest estimates showed that...

  • 13 Dec
    Aura plans separate listing for Haggan project

    Aura Energy has begun a process to list its 100% owned Haggan project in Sweden separately on multiple international exchanges to maximise the significant value of the battery metal content in the...

  • 13 Dec
    SigmaRoc to acquire Poundfield Products for £10.25m

    SigmaRoc has agreed to acquire Poundfield Products, a supplier of concrete products and systems, for £10.25m. The payment comprises an initial cash consideration of £9.5m and deferred...

  • 13 Dec
    Prairie Mining sees increased coking coal demand

    Prairie Mining has noted that the European Commission continued to designate coking coal as a critical raw material in its 2017 review, while hard coking coal prices were sitting above $200 per...

  • 13 Dec
    Zotefoams partners with Nike

    Zotefoams, which makes high-performance foam materials, said it had entered into a strategic partnership with Nike to develop footwear technology and supply materials to the company. "Through the...

  • 13 Dec
    Experian buys back shares

    Experian bought back 72,778 ordinary shares yesterday at the weighted average price of 1597.8969p apiece for cancellation. At 9:00am: (LON:EXPN) Experian PLC share price was +7.5p at 1611.5p...

  • 13 Dec
    BP buys back shares

    BP bought back 1,398,234 ordinary shares yesterday at the volume weighted average price of 506.4028p apiece for cancellation. At 8:47am: (LON:BP.) BP PLC share price was -0.05p at 510.95p...

  • 13 Dec
    City of London IT in equity issue

    City of London Investment Trust issued 100,000 ordinary shares yesterday at 430.5p apiece under its block listing facility. At 8:41am: (LON:CTY) City Of London Investment Trust Plc the share...

  • 13 Dec
    Savannah Resources strikes lithium

    Savannah Resources said a drilling campaign at the Mina do Barroso project in Portugal had returned significant intersections of lithium mineralisation. "We believe these are outstanding results...

  • 13 Dec
    TP Group acquires Polaris Consulting

    TP Group has acquired defence and energy consultancy group Polaris Consulting for up to £3.5m. The deal involves an initial consideration of £1.5m, with a maximum additional £2.0m payable on...

  • 13 Dec
    Microsaic Systems extends partner agreement

    Microsaic Systems has signed a research agreement extending its collaboration with a long-standing global partner, which it didn't name. The new contract phase was expected to last into the second...

  • 13 Dec
    Ortac Resources lifts Casa Mining stake

    Ortac Resources said it has increased its interest in Casa Mining to 84.7%, from around 45%, since its bid was announced last month. If the offer is accepted by all shareholders of Casa, around...

  • 13 Dec
    Mercia invests £3.5m in Intechnica

    Mercia Technologies has completed a £3.5m direct investment into Intechnica, a Manchester-based business that provides software solutions to manage high and variable website traffic demand....

  • 13 Dec
    Metals Exploration suffers production setback

    Metals Exploration has encountered technical disruptions at its Runruno gold operations in the Philippines. For the months of October, November and into December the project performance was...

  • 13 Dec
    Vernalis partners with Daiichi Sankyo

    Vernalis has entered into a drug discovery collaboration with Daiichi Sankyo Company which will utilizing Vernalis' fragment and structure-based drug discovery platform against undisclosed oncology...

  • 13 Dec
    Range Resources admitted to AIM

    Range Resources, which has oil and gas assets in Trinidad and Indonesia, confirmed that its shares have been admitted to the AIM in London. It will trade under the ticker RRL. Story provided...

  • 13 Dec
    Avanti plans debt for equity swap

    Avanti Communications Group has agreed a proposed restructuring of its indebtedness with holders of approximately 62% of its outstanding 2021 notes and 55% of its outstanding 2023 notes and major...

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