Economic and Market News for 14 June 2019
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14 Jun
14:52Asiamet Resources copper development in Indonesia to cost $192mAsiamet 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...
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14 Jun
13:50Thor Mining identifies potentially economic level gold samples in NevadaThor 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...
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14 Jun
13:32US retail sales rise 0.5% in May, missing estimatesUS 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
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14 Jun
13:27BlueRock Diamonds sells large gem for $190kBlueRock 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...
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14 Jun
13:16NewRiver REIT sees no reduction in rental income from Arcadia exposureNewRiver 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...
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14 Jun
13:13Rolls-Royce receives approach from Indra to acquire ITP Aero stakeRolls-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...
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14 Jun
10:08United Utilities chief operating officer leaving to become CEO of Cadent GasWater 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....
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14 Jun
10:05Shefa Yamim changes name to Shefa GemsGem 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...
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14 Jun
10:01Hutchison China MediTech cancer study halted after meeting primary objectiveHutchison 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...
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14 Jun
09:32Tritax EuroBox acquires logistics facility in Germany for €50.6mTritax 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...
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14 Jun
09:27Highlands launches new cannabis brand; first shipments to get underway next weekHighlands 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...
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14 Jun
09:18Amigo Holdings CEO Glen Crawford departsAmigo 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...
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14 Jun
09:15UPDATE: Frontier Smart Tech receives approach rivaling Science Group bidFrontier 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...
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14 Jun
09:10Immotion Group inks 3-year agreement with SurviosVirtual 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...
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14 Jun
08:51Frontier IP's Exscientia enters partnership with GT ApeironFrontier 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...
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14 Jun
08:24Faron Pharmaceuticals Oy says final study sheds light on interferon-beta drug setbackFaron 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...
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14 Jun
08:06Ascent Resources to step up legal action against Slovenian governmentOil 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...
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14 Jun
07:54Wizz Air claims 'lowest CO2 emissions' crownBudget 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...
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14 Jun
07:50RM acquires Australia's SoNET Systems for £7.3mSoftware 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...
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14 Jun
07:48InfraStrata applies for EU grant to enhance Scotland to Northern Ireland gas pipelineNatural 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...
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14 Jun
07:47Velocity Composites says £5.0m of 2017 funding has been fully employedAdvanced 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...
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14 Jun
07:37Taptica International launches further $10m share buybackAdvertising 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...
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14 Jun
07:29Cerillion wins contract with Danish company worth £5.1mCustomer 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...
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14 Jun
07:26Mporium raises £1.9m from share issueMarketing 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...
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14 Jun
07:03Wincanton wins logistics contract from MorrisonsLogistics group Wincanton said it had secured a contract from supermarket chain Morrisons to provide transportation services from three distribution centres to its stores. The five-year contract...