Economic and Market News for 14 February 2020
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14 Feb
14:38Kropz defaults on loan after South Africa project delay, cost increaseKropz said it had defaulted on a loan provided by BNP Paribas after it experienced delays and cost increases at its Elandsfontein phosphate development in South Africa. The target date for first...
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14 Feb
14:25Sunrise Resources raises capital for Nevada projectSunrise Resources said it had raised £0.2m from a share issue to fund progress on its CS pozzolan-perlite project in Nevada. New shares in the company were issued at 0.11p each, an 8.3% discount...
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14 Feb
13:55Mosman Oil and Gas to sell assets and focus on Texas play; raises £0.3mMosman Oil and Gas said it it had raised £0.3m from a share issue and would sell some US assets to narrow its focus on its Stanley prospect in Texas and Amadeus prospect in Australia. New shares...
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14 Feb
13:36US retail sales up 0.3% in January as expectedUS retail sales rose 0.3% in January to $529.8bn, according to the Census Bureau. The rise was in line with market expectations. Story provided by StockMarketWire.com
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14 Feb
13:33Argo makes €10.2m related-party loan to Ukrainian shopping centre ownerAlternative investment manager Argo said it had made a €10.2m loan to a related company that owned a shopping centre in Ukraine. The loan was made to Argo Real Estate Limited Partnership, an Irish...
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14 Feb
13:25Sirius Minerals alternative funding pursuit fails; says Anglo American bid best betSirius Minerals said it had not been able to find a potential anchor investor to help it develop its flagship fertilizer project in Yorkshire, meaning the company may collapse if shareholders...
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14 Feb
13:10Baron Oil raises £2.5m for East Timor, Peru developmentsOil and gas company Baron Oil said it had raised £2.5m through a share issue to fund developments in East Timor and Peru. New shares in the company were offered at 0.1p each. At 1:10pm:...
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14 Feb
09:54Verona Pharma positive clinical trial results published in key journalRespiratory diseases focused Verona Pharma said positive trial data on a treatment for chronic obstructive pulmonary disease had been published in peer reviewed journal Respiratory Research. The...
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14 Feb
09:51ULS Technology chairman Geoff Wicks stands downConveyancing group ULS Technology said chairman Geoff Wicks had stood down, with immediate effect. He had been replaced with current director Martin Rowland. 'ULS has come a very long way in the...
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14 Feb
09:48Zenith Energy raises capital from UK institutional, private investorsAzerbaijan-focused oil company Zenith Energy said it had raised £135k through a placing to an existing shareholder in the UK and some private investors. Shares in the company were issued at £0.015...
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14 Feb
09:45Alfa Financial Software inks collaboration pact with AccentureSoftware provider to the asset finance industry Alfa Financial Software said it had formed a global partnership with Accenture. The pact established a basis for Alfa and Accenture to market and...
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14 Feb
09:42Airtel Africa prices Malawi unit IPO at around $37.5mAfrica-focused telecom and payments group Airtel Africa said an initial public offering of its Malawi unit has been priced at around $37.5m based on current exchange rates. A fifth of the unit's...
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14 Feb
09:28Hydrodec losses deepen as funding challenges limit stocking abilitiesCleantech oil refining group Hydrodec warned of a deeper annual loss after funding constraints limited its ability to source feedstock. Adjusted losses at the earnings before, interest, tax,...
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14 Feb
09:22Gan notes rise in New Jersey sports wagering revenuesInternet gambling software group Gan said sports wagering revenues in the state of New Jersey had tripled during the month of January on-year. Revenues rose to $46.7m, up from $15.5m in January...
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14 Feb
09:19Europa Metals selects mining method for Toral project in SpainEuropa Metals said a geotechnical study for its Toral lead, zinc and silver project in Spain had confirmed a 'cut and fill' mining method as a best option. The estimated size of each mining block...
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14 Feb
09:10SDX Energy starts drilling Salah well in EgyptSDX Energy said drilling operations had commenced for a well at its South Disouq property in Egypt. The SD-6X well, also known as Salah, was expected to a reach a targeted depth of about 9,000...
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14 Feb
09:00Katoro Gold making 'good progress' completing delayed Tanzania asset saleKatoro Gold said 'good progress' had been made toward completing a delayed sale of its assets in Tanzania to Lake Victoria Goldfields. The company had last August agreed to sell the assets for up...
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14 Feb
08:55Knights acquires Fraser Brown Solicitors for up to £8.3mLegal and professional services firm Knights said it had exchanged contracts to acquire Nottingham-based law firm Fraser Brown Solicitors for up to £8.3m. The acquisition, from Fraser Brown's...
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14 Feb
08:48NMC Health deputy chairman Khalifa Butti Omeir Bin Yousef resignsGulf region hospital owner NMC Health said deputy chairman Khalifa Butti Omeir Bin Yousef had resigned, with immediate effect. The resignation comes after NMC on Monday said key investors,...
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14 Feb
08:11Yourgene Health cancer therapy test approved for sale in AustraliaMolecular diagnostics group Yourgene Health said its chemotoxicity diagnostics assay had been approved for sale in Australia by that country's by Therapeutic Goods Administration. The assay,...
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14 Feb
07:59Brickability acquires McCann Roofing Products for £2.8mConstruction materials provider Brickability said it had completed the acquisition of roofing products importer McCann Roofing Products for £2.8m. The company said the acquisition was the first...
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14 Feb
07:57Air Partner assists in evacuation of 300 people from Wuhan due to coronvirusAviation services provider Air Partner said it had assisted with the evacuation of more than 300 British and EU nationals from Wuhan in the wake of the coronavirus outbreak. Non-stop flights...
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14 Feb
07:45Frasers calls for reduction in UK business property taxesSports and general merchandise retailer Frasers, formally known as Sports Direct, called on the UK government to cut property taxes. The company said it was backing a campaign by the British...
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14 Feb
07:39Pennon accepts UK regulatory framework; prepares new dividend policyWater utility Pennon said it had accepted a UK regulatory ruling for its South West Water unit that included a total expenses allowance of around £2bn. The original determination was published in...