Economic and Market News for 14 June 2019

Asiamet Resources said a feasibility study had estimated that its Beruang Kanan Main copper project in Indonesia would cost $192.0m to build. The cost estimate excluded an additional $31.4m...

Thor Mining said it had identified potentially economic level of gold in samples collected from its Pilot Mountain in Nevada. Highlights included gold assays of 0.29 grams per tonne in an initial...

US retail sales rose 0.5% in the month of May to $519.0bn, according to the Census Bureau. The market was expecting a larger rise of 0.7%. Story provided by StockMarketWire.com

BlueRock Diamonds said it had sold a 24.98 carat diamond at an auction price of $190k. The gem was recovered from the company's Kareevlei mine in the Kimberley region of South Africa. 'We are...

NewRiver REIT said there would be no reduction to the rental income received through its exposure to Arcadia Group. Arcadia on Wednesday confirmed that all seven of its company voluntary...

Rolls-Royce said it had received an approach from Indra to acquire a majority stake in engine manufacturer ITP Aero. Rolls-Royce, which was confirming media speculation, said the approach was a...

Water utility United Utilities said that chief operating officer Steve Fraser was leaving to become chief executive of Cadent Gas. Fraser would depart later this year on a date to be confirmed....

Gem stone producer Shefa Yamim said it had completed a change of its name to Shefa Gems. The company's ticker would remain unchanged at SEFA. At 10:05am: (LON:SEFA) Shefa Yamim Ltd share price...

Hutchison China MediTech said the study on its cancer treatment would be stopped after the independent Data Monitoring Committee determined that the study had already met its primary objective of...

Tritax EuroBox acquired a logistics facility near Frankfurt in Germany for a total of €50.6m, reflecting a net initial yield of 4.75% on the corporate acquisition. Situated in the prime logistics...

Highlands and its subsidiary Zoetic announced the launch of their new 'Chill' brand and said the first shipment of products would get underway for the week commencing 17 June. 'To make delivery...

Amigo Holdings said Glen Crawford, CEO, had resigned with immediate effect due to his previously disclosed health condition. Crawford would remain available to advise the board and to continue...

Frontier Smart Tech said it had received a further preliminary approach 'from a credible, industry player' that could lead to a takeover of the digital radio company. Consulting business Science...

Virtual reality company Immotion Group signed an exclusive three-year agreement with Survios to use the latter's multi-player experiences in the company's new VR arena product. The partnership...

Frontier IP said its portfolio company Exscientia entered into a drug-discovery partnership with GT Apeiron Therapeutics. As part of the agreement, Exscientia would be entitled to become a...

Faron Pharmaceuticals Oy said final results from a study of its interferon-beta drug had shed some light on the lack of clinical response to the drug in a previous trail. The YODA study was set...

Oil and gas company Ascent Resources said it would shift away from developing Petišovci project in Slovenia as it plans to step up legal action against the Slovenian Ministry of Environment's...

Budget carrier Wizz Air claimed that it operated at the lowest CO2 emissions per passenger 'amongst all competitor airlines'. The company said its emissions were 56.5 grams of CO2 per passenger...

Software supplier to the education sector RM said it had acquired Australia's SoNET Systems for £7.3m. SoNET provided software as a service platforms principally to the education and government...

Natural gas storage company InfraStrata submitted an application for a grant from the EU's Connecting Europe Facility. The main objective of the study grant was to perform the front-end...

Advanced materials company Velocity Composites said £5.0m of funds raised at the time of its market listing in 2017 had bow been employed within the necessary timeframe for tax purposes. EIS/VCT...

Advertising technology company Taptica International said it had approved a further share buyback programme worth up to $10m. The the maximum price paid was to be no more than 105% of the average...

Customer relationship management software provider Cerillion secured a contract worth an initial £5.1m with the Danish telecom and utility company, SE Group. SE Group, Denmark's second largest...

Marketing technology company Mporium Group said it had raised £1.9m from a share issue to help it restructure the business and provide working capital. New shares in the company were issued at 1p...