Economic and Market News for 15 January 2018

  • 15 Jan
    Strategic Minerals says Leigh Creek deal delayed

    Strategic Minerals said the acquisition of the Leigh Creek copper mine in Australia had been delayed by a combination of the December holiday period and the need to satisfy a number of deal...

  • 15 Jan
    Blackrock North America December NAV +0.9%

    Blackrock North America Income Trust said its net asset value in the month of December increased by 0.9%, while its share price fell by 0.3%. At 2:17pm: (LON:BRNA) BlackRock North Amer share...

  • 15 Jan
    Morgan Sindall says Carillion exposure not material

    Morgan Sindall Group said it was working on a "limited" number of projects and joint ventures with Carillion and was committed to completing those projects as planned. "The impact of Carillion's...

  • 15 Jan
    PCG Entertainment capital reorganisation approved

    PCG Entertainment said shareholders had approved its proposed capital reorganisation at an extraordinary general meeting. The company's existing issued share capital of 3,524,940,510 shares would...

  • 15 Jan
    Angus Energy restarts two wells

    Angus Energy said it would resume conventional production from two temporarily suspended wells in its UK portfolio. The Company would re-commence production from the Portland Resevoir via the...

  • 15 Jan
    Balfour Beatty confirms Carillion exposure

    Balfour Beatty confirmed that it was a joint venture partner with Carillion on three projects: the Aberdeen Western Peripheral Route, the A14 in Cambridgeshire and the M60 Junction 8-to-M62...

  • 15 Jan
    Galliford Try comments on JV with Carillion

    Galliford Try confirmed that it is part of a joint venture with Carillion and Balfour Beatty on the £550m Aberdeen Western Peripheral Route contract. The terms of the contract are such that the...

  • 15 Jan
    International Public Partnerships details Carillion exposure

    International Public Partnerships said it does not currently believe that the liquidation of Carillion was likely to have any significant valuation impact on the company. The company, however,...

  • 15 Jan
    PJSC Polyus, Fosun terminate investment agreement

    PJSC Polyus said an agreement to sell shares in the gold miner to Fosun International had been terminated. The agreement would not be completed due to non-satisfaction of a condition in the deal...

  • 15 Jan
    Summit Germany launches €250m note issue

    Summit Germany said intends to issue €250m of unsecured fixed rate notes to refinance existing debt and for general corporate purposes. The company also announced that it had generated net rental...

  • 15 Jan
    Total 4Q refiner margin falls

    French oil giant total said it recorded a European refining margin in the fourth quarter of $35.5 per ton. The margin was down from $48.2 recorded in the second quarter and $41.0 recorded in the...

  • 15 Jan
    Condor dual-listed on AIM and TSX

    Condor Gold said the company's ordinary shares would commence trading on the Toronto Stock Exchange under the symbol COG at the start of trading today. Chairman and chief executive Mark Child...

  • 15 Jan
    Mayan Energy invests in Utah oil sand project

    Mayan Energy said Deloro Energy, in which it has a 17.6% interest, has completed the first $2.5m tranche of its $10m acquisition of a 49% interest in the Asphalt Ridge heavy oil sands project in...

  • 15 Jan
    WANdisco appoints research vice-president

    WANdisco said it had appointed Ramki Thurimella as vice-president of research at its Silicon Valley headquarters. Thurimella was previously director of cybersecurity and chair of computer science...

  • 15 Jan
    Atlas Mara increases stake in UBN

    Atlas Mara has increased its stake in Union Bank of Nigeria from 44.5% to 48.0% following a rights offering. UBN completed a Naira49.7bn rights offering on the Nigerian Stock Exchange at a price...

  • 15 Jan
    Velocys launches £18.4m share issue

    Velocys launched a deeply-discounted £18.4m share issue to fund initial development costs for its Mississippi biorefinery and advance its UK waste-to-renewable jet fuel project. Shares would be...

  • 15 Jan
    Triple Point acquires properties for £10.7m

    Triple Point Social Housing REIT said it had acquired 10 supported housing properties, comprising 60 units in total, for an aggregate purchase price of around £10.7m. The properties were located...

  • 15 Jan
    Versarien agrees to build China facility

    Versarien said it had agreed to establish a graphene manufacturing centre in China that would cost about £55m to build. A non-binding letter of intent was entered into by Versarien together with...

  • 15 Jan
    M&C Saatchi appoints new director

    M&C Saatchi said it intends to appoint Lorna Tilbian as a new non-executive director, effective January 30. Tilbian has been a a top‐ranked equity research analyst and in 2012 was appointed...

  • 15 Jan
    Polar Capital Technology appoints new directors

    Polar Capital Technology Trust has appointed Stephen White and Charles Park as new independent non-executive directors. White has been head of European equities at both Foreign & Colonial...

  • 15 Jan
    Pembridge Resources hires project development head

    Pembridge Resources has appointed Thomas Horton as vice president for project development. Horton joined from Pembridge from private equity firm Duke Street Capital, where he was involved in deal...

  • 15 Jan
    XLMedia acquires Finnish websites for up to €15m

    XLMedia said it acquired a number of Finnish gambling-related informational websites from Good Game for up to €15m. The acquisition was expected to complete during the first quarter of 2018 and be...

  • 15 Jan
    TyraTech raises $8.4m

    TyraTech confirmed that it had raised around $8.4m from a tender offer of shares, representing about 55.8% of the company's issued capital. At 9:09am: (LON:TYR) TyraTech Inc share price was 0p at...

  • 15 Jan
    Kingfisher buys back shares

    Kingfisher bought back 130,570 ordinary shares on Friday at an average price of 346.8164p apiece for cancellation. At 9:00am: (LON:KGF) Kingfisher PLC share price was +2p at 350.1p Story...

  • 15 Jan
    Man Group buys back shares

    Man Group bought back 168,826 ordinary shares on Friday for cancellation at a weighted average price of 211.3403p apiece under its US$100m repurchase programme. At 8:46am: (LON:EMG) Man Group PLC...

  • 15 Jan
    Diageo buys back shares

    Diageo bought back 380,997 ordinary shares on Friday at the volume weighted average price of 2,653.57p apiece for cancellation. At 8:42am: (LON:DGE) Diageo PLC share price was -14.25p at...

  • 15 Jan
    Ryanair beats weekly booking record

    Ryanair said it had beaten its weekly booking record, taking over 3m bookings in one week for the first time in its history. This record owed to low fares and continued improvements in customer...

  • 15 Jan
    Premier Foods mulls potential Batchelors sale

    Premier Foods said it "regularly reviews options" following media speculation it was considering a possible sale of its Batchelors' brand to Nissin Foods Holdings. "Such reviews do periodically...

  • 15 Jan
    Richland CEO to stand down

    Gemstones producer Richland said chief executive Bernard Olivier would resign as chief executive to pursue other interests. The appointment process for his successor was well advanced and the...

  • 15 Jan
    Randall & Quilter sells insurance management unit

    Randall & Quilter Investment Holdings said it had sold its insurance services business to Davies Group for an agreed value of £20m. The net cash consideration payable by Davies, after...

  • 15 Jan
    SafeCharge gets UK authorisation

    SafeCharge said subsidiary SafeCharge Financial Services had been authorised by the the UK's Financial Conduct Authority as a payment institution, allowing it to provide payments services in the...

  • 15 Jan
    React Group investors to sell shares

    React Group said shareholders owning about 34% of the company intended to sell their shares via a placing to institutional investors. The placing would be managed by Whitman Howard, with the...

  • 15 Jan
    SDX Energy starts new Morocco well

    SDX Energy has started drilling its ONZ-7 development well on the Sebou permit in Morocco. ONZ-7 is the fifth well in a nine-well campaign and was anticipated to take 10-15 days to drill....

  • 15 Jan
    Spectra Systems signs licensing, supply deal

    Spectra Systems Corporation said it had signed a licensing agreement for one of its banknote verification products with a "major" supplier of banknotes. The agreement would generate $11.2m in...

  • 15 Jan
    RDI REIT buys London offices for £161.7m

    RDI REIT said it had acquired an 80% interest in a portfolio of four office properties in central London from Forum Partners, Kailong Group and Office Space in Town for a combined £161.7m. The...

  • 15 Jan
    Carillion goes into liquidation

    Construction group Carillion has gone into compulsory liquidation and expects PricewaterhouseCoopers to be appointed as special managers, to act on behalf of the Official Receiver. Carillion said...

  • 15 Jan
    Melrose approaches GKN investors to sell £7bn bid

    Melrose Industries said it had commenced meetings with GKN shareholders to discuss its £7bn bid for the engineering group. In an accompanying investor presentation, Melrose claimed that GKN's was...

  • 15 Jan
    Rolls-Royce mulling sale of L'Orange

    Rolls-Royce said that it was reviewing its strategic options for its L'Orange fuel injector business, following media speculation it was considering a sale. "Irrespective of the outcome of this...

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