Economic and Market News for 14 November 2018
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14 Nov
15:09Sirius Real Estate sells German business park; nears sale of anotherGermany-focused investor Sirius Real Estate said it had completed the sale of its Bremen Hag business park for €3.8m. The company also said it had notarised the sale of its Bremen...
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14 Nov
14:45Mporium raises £2.3m from share issueMarketing company Mporium said it had raised around £2.3m from a share issue to provide working capital and 'support the continued momentum of the business'. New shares in the company were issued...
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14 Nov
14:20Cambridge Cognition wins new clinical trial contractNeuroscience technology developer Cambridge Cognition Holdings said it had won a one-year clinical trial contract worth over $750k from a specialty pharmaceutical developer. The contract, for a...
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14 Nov
14:05Faroe Petroleum exploration well offshore Norway disappointsFaroe Petroleum said it failed to discover commercial volumes of hydrocarbons at its Rungne exploration well in the Norwegian North Sea. The well only encountered a water-bearing reservoir in the...
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14 Nov
13:56Arc Minerals finds higher cobalt grades at Kalaba project in ZambiaArc Minerals said it had intersected significantly higher cobalt grades from drilling at its Kalaba project in Zambia. Short holes were drilled to confirm the grade of the oxide material intended...
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14 Nov
13:51African Battery Metals starts cobalt-nickel exploration work in CameroonAfrican Battery Metals said it had commenced exploration work on licences in Cameroon acquired as part of its purchase of Cobalt Blue Holdings. The licences were close to and in part contiguous...
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14 Nov
13:46Asiamet Resources commences extra drilling work at Indonesia prospectAsiamet Resources said it had kicked off additional drilling and geotechnical work as part of finalising feasibility studies at its Beruang Kanan Main copper project in central Kalimantan,...
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14 Nov
13:32US consumer price index rises 0.3% in October as expectedThe US consumer price index rose 0.3% in October, up from a 0.1% rise in September, according to the Bureau of Labor Statistics. The reading was in line with market expectations. Story...
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14 Nov
13:24Rockfire Resources completes drilling program in Australia within budgetRockfire Resources said it had completed a drilling program at the Double Event gold prospect in Australia's Queensland state on time and within budget. Drilling had encountered sulphides,...
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14 Nov
13:17Galileo Resources conceptual estimate points to bigger resource at Zambia playGalileo Resources said a 'conceptual' estimate at its Star zinc project in Zambia indicated it could contained up to 900k tonnes of the base metal. The conceptual grade and tonnage estimate used...
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14 Nov
13:06Polymetal International to join MSCI Russia indexDual-listed mining group Polymetal International said its shares would be added to the MSCI Russia index for the first time since its listing on the Moscow Exchange in June 2013. The change would...
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14 Nov
10:03Maestrano launches new platform with US bank customerBusiness integration platform provider Maestrano Group said it had successfully gone live with a platform for a major US-based banking customer, which it didn't identify. Maestrano said it had...
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14 Nov
09:58Regency Mines receives third-party interest in Papua New Guinea mine JVRegency Mines said it had received interest from third parties wanting to participate in the development of its Mambare nickel-cobalt joint venture in Papua New Guinea. Options proposed by the...
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14 Nov
09:55Lighthouse Group signs pact with Tavistock InvestmentsLighthouse Group said Wednesday it had entered into a strategic relationship with Tavistock Investments to expand the company's investment solutions. The agreement would enable Lighthouse and its...
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14 Nov
09:45Plant Health Care gets 'very positive' grower response to sugarcane productPesticide supplier Plant Health Care said the grower responses in Brazil to the launch of its H2Copla sugarcane protection product had been 'very positive'. The company said it had applied on some...
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14 Nov
09:40Craven House acquires LM Funding America for $1.5mCraven House said Wednesday it had acquired LM Funding America for about $1.5m. Craven House acquired 640,000 LM Funding American shares at a price of $2.40 a share, taking its stake in the...
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14 Nov
09:39Tavistock forms distribution agreement with LighthouseTavistock Investments said it had entered into a strategic agreement with Lighthouse Group to establish an investment management service. This business would develop and distribute investment...
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14 Nov
09:34UK inflation steady in October at 2.4%The UK consumer price index -- a key measure of inflation -- remained steady at 2.4% in October, according to the Office for National Statistics. The market had expected CPI to rise to 2.5%. The...
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14 Nov
09:31Totally improves healthcare centre rating after regulator probeOut-of-hospital service provider Totally said one of its care centres had turned an 'inadequate' rating by regulators into a 'good' one. The Royal Stoke Urgent Care Centre, part of its Vocare...
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14 Nov
08:25Wilmington forms insurance information JV in Singapore with Digital InsurerEducation provider Wilmington said it had entered into an equal joint venture agreement with Singaore's The Digital Insurer. The JV, to be called Axco Digital Insurer Ratings and be based in...
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14 Nov
07:54MaxCyte inks licencing agreement with Precision BioSciencesMaxCyte said it had entered into a non-exclusive, clinical and commercial license agreement with Precision BioSciences. The pact would allow Precision to use MaxCyte's technologies to deliver its...
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14 Nov
07:51Science in Sport to acquire protein group PhD Nutrition for £32mSports nutrition group Science in Sport said it had agreed to acquire protein brand PhD Nutrition for £32.0m and would issue new shares to help fund the deal. Science in Sport said it planned to...
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14 Nov
07:47Intu suitors given more time to table formal takeover bidRetail property developer Intu Properties said Wednesday the date by which a consortium backed by Peel Group, the Olayan Group and Brookfield Property Group were required to make a firm offer for...
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14 Nov
07:16SSE books first-half loss; to create new renewable energy companyPower utility SSE, while reporting a first-half loss, said it planned to create a new separate company holding its renewable energy assets. SSE Renewables would have its own management team and...
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14 Nov
07:08Smiths to jettison medical division as revenue slipsEngineering company Smiths Group said it planed to separate its underperforming medical division from the rest of the company so it could concentrate on its industrial technology assets. Smiths...