Economic and Market News for 14 December 2018
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14 Dec
15:02London Stock Exchange poaches Experian chairman Donald RobertLondon Stock Exchange Group said it had appointed Donald Robert as its new chairman. Robert was currently chairman of information services company Experian. He would succeed outgoing LSE chairman...
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14 Dec
14:13Greencoat UK Wind buys two Northern Ireland wind farms for £87mGreencoat UK Wind said it had acquired the Church Hill and Crighshane wind farms near Omagh in Northern Ireland for £87m. The assets, with a combined generation capacity of 50.6 megawatts, were...
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14 Dec
14:00Altona Energy in talks to apply technology to rival Australia coal projectAltona Energy said another holder of South Australian coal assets was 'very interested' in applying pyrolysis technology to its project. Altona had an exclusive licence, granted by Leinad, to use...
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14 Dec
13:52Block Energy moves to restart production at West Rustavi field in GeorgiaBlock Energy said it would move to restart production at the West Rustavi field in Georgia after completing testing operations. More than 200 barrels of oil were recovered from the legacy vertical...
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14 Dec
13:35Crossword Cybersecurity makes switch to AIM listingCyber security consultancy Crossword Cybersecurity said its shares had commenced trading on AIM following their switch from the NEX index. On admission, the company had a market capitalisation of...
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14 Dec
13:32US retail sales rise by 0.2% in November, beating expectationsUS retail sales sales rose 0.2% in November to $513.5bn, according to the Census Bureau. The rise beat expectations for a 0.1% gain. Story provided by StockMarketWire.com
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14 Dec
13:18MOD Resources, Metal Tiger prospecting licences extended in BotswanaMOD Resources and Metal Tiger said all prospecting licences held by their mining joint venture in Botswana had been granted two-year extensions. The extensions were granted ahead of the scheduled...
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14 Dec
13:14Jersey Electricity chairman Geoffrey Grime to retireJersey-focused power utility Jersey Electricity said chairman Geoffrey Grime would retire at its annual general meeting in February. He would be replaced by current board member Phil Austin. A...
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14 Dec
13:11TP ICAP appoints Richard Berliand as its new chairmanBroking group TP ICAP said it had appointed Richard Berliand as its new chairman to succeed Rupert Robson. Berliand would joint the board as chairman designate in the first quarter of 2019, though...
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14 Dec
12:58Modern Water sells desalination plant to Omani safari theme parkModern Water said it had sold an AquaPak desalination plant in Oman to a theme park operator, for an undisclosed sum. The plant would be used to produce water on a large safari theme park designed...
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14 Dec
12:55Walcom CFO Albert SF Wong to retireAgricultural feed supplier Walcom said chief executive Albert SF Wong was standing down to take-up early retirement and pursue other interests. He had left the board with immediate effect but...
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14 Dec
10:21Go-Ahead wins first contract in AustraliaGo-Ahead Group said Friday it had awarded a contract from Sydney for Transport to modernised the city's rail infrastructure. Go-Ahead Group, as part of the Network Rail Consulting team, would...
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14 Dec
10:14London Stock Exchange increases stake in LCH GroupLondon Stock Exchange Group said Friday it it had purchased a 14.6% stake in LCH Group from certain minority shareholders for €424.5m, increasing its total stake in the company to 82.6%. At...
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14 Dec
09:57British American Tobacco announces management shakeup in bid to speed up transformationBritish American Tobacco announced a major management shake-up as it presses ahead with its transformation plan. The company created two new division New Categories and Digital and Information....
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14 Dec
09:50Cadence Minerals welcomes cost estimate cut at Australian projectsCadence Minerals said that Macarthur Minerals had reduced both its operating expenses and capital expenditure estimates for the Moonshine magnetite and Ularring hematite projects in Australia....
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14 Dec
09:33Firestone Diamond recovers 46 carat white gemFirestone Diamond said Friday it had recovered a 46 carat white, makeable diamond from its Liqhobong Mine in Lesotho. The stone was recovered undamaged and would go on sale at the next tender...
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14 Dec
09:31Kerry to acquire Ariake USA, Southeastern Mills for around €325mConsumer foods group Kerry said Friday it had reached agreement to acquire Ariake USA, and Southeastern Mills for a total of about €325m. These acquisitions would further enhance the Kerry's...
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14 Dec
08:48Eqtec announces further credit line drawdownEqtec said Friday it borrowed a further $0.864m from its $10m financing facility provided by Cuart Investments Fund and associates. The total amount drawdown to date under the financing facility...
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14 Dec
08:33Gfinity partners with EA Sports Fifa 19 Global SeriesEsports company Gfinity said Friday it would host four events as part of the EA Sports Fifa 19 Global Series. The tournaments included one FUT Champions Cup and three Licensed Qualifiers. The...
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14 Dec
08:21TomCo Energy raises capital to advance shale drilling workShale oil drilling group TomCo Energy said it had raised £550k from a share issue to advance its key projects. New shares in the company were issued at 2p each. At 8:21am: (LON:TOM) TomCo Energy...
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14 Dec
07:50PhotonStar LED raises capital to assist cost cutting driveEmbattled LED lighting company PhotonStar LED Group said it had raised £0.1m from a share issue. New shares in the company were issued to new and existing investors at 0.02p each. Proceeds would...
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14 Dec
07:46Manolete Partners to commence trading on AIMLitigation financing company Manolete Partners confirmed its shares would commence trading on AIM on Friday. Based on a placing price of 175p per share, the market capitalisation of the company on...
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14 Dec
07:42AO World expects to complete takeover of Mobile Phones Direct on Dec. 17AO World confirmed Friday the acquisition of Mobile Phones Direct was expected to be completed on 17 December. This update comes after the company confirmed Thursday it had made an application...
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14 Dec
07:35Ormonde Mining says construction close to wrapping up at Spain tungsten projectOrmonde Mining said construction of the Barruecopardo tungsten project in Salamanca, Spain was progressing in line with guidance, with first production expected from the beginning of February....
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14 Dec
07:30Wincanton extends term of £141.2m debt facilitySupply chain solutions company Wincanton had amended and extended a key £141.2m debt facility. The multi-currency revolving credit facility would now expire two years' later on October 2023. The...
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14 Dec
07:27OptiBiotix Health unit ProBiotix raises capital to fund potential spin offObesity, diabetes and skin care treatment developer OptiBiotix Health said subsidiary ProBiotix Health had raised around £1.0 million through a note issue to help fund its separate share market...
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14 Dec
07:26Aggreko wins $200m Olympic supply contractAggreko said Friday it had been awarded a $200m supply contract by The Tokyo Organising Committee of the Olympic and Paralympic Games to supply temporary electricity systems. As part of the...
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14 Dec
07:21Balfour Beatty raises outlook on profits amid gains from infrastructure saleBalfour Beatty said Friday full-year performance would be above previous expectations in the wake of an additional infrastructure investments sale in December. The group forecasts that the 2018...
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14 Dec
07:08Science Group terminates formal sale process amid market volatilityConsulting firm Science Group said it had cancelled a formal sale process of the company due political and economic uncertainty. The company launched the process in September but said global stock...