Economic and Market News for 15 February 2021

Advance Energy provided an update on the Buffalo oil field, reporting that Carnarvon Petroleum has awarded a drilling management services contract to Petrofac for the B-10 appraisal well. The...

Technology investment company Asimilar Group noted MESH Holding’s and AAQUA BV’s agreement to acquire data science company Sentiance. On completion of the deal MESH will increase its holding in...

TBC Bank confirmed that Nicholas Haag has stepped down from his role as chair of the audit committee of the board and audit committee of the supervisory board, with immediate effect. He will be...

Schroder Real Estate Investment Trust said the net asset value total return for the three months ending 31 December 2020 was £293.3 million or 58.8 pence per share, reflecting an increase of 1.4%...

Digital learning services provider Learning Technologies said it had agreed to acquire getBridge, a learning and talent development software provider, from Instructure for $50.0 million. Bridge,...

Bottling company Coca-Cola European Partners increased its final takeover offer for Coca-Cola Amatil to A$13.50 from A$12.75 a share, citing latter's improved trading and debt position. Taken...

Asset management consultancy MJ Hudson said it had completed its planned acquisition of Bridge Fund Management following regulatory approval from the Central Bank of Ireland. The acquisition was...

Natural resources company Jangada said it had been issued the third tranche of 500,000 common shares in TSX-V listed ValOre Metals relating to the sale of the company's previously owned PGM project...

CIP Merchant Capital said it had rejected a takeover offer from Corporation Financiere Europeenne, saying it 'significantly' undervalued the company. The all-cash offer at a price of 50 pence...

Renewable infrastructure company Greencoat Renewables said it had agreed to acquire Kokkoneva wind farm from Abo wind, a global renewable energy project developer, for €60 million. The 43.2MW...

Alternative energy group Simec Atlantis Energy said its Scottish-built tidal turbine and generation equipment had been successfully installed in the Goto Island chain in Japan. The tidal turbine...

Oil company United Oil & Gas said a development well in Egypt had intersected a net pay of around 27.5 metres. The ASH-3 well was drilled to a total depth of 4,087 metres in the Abu Sennan...

Pires Investments said portfolio company and sports betting platform Low6 was on track for an initial public offering in the second quarter of 2021. Pires had in December subscribed for shares in...

Cannabidiol group Zoetic International said a rollout of its Chill tobacco alternative products had commenced across the Asian American Trading Associations Council's convenience store distribution...

Exploration and development company Bluejay Mining said its subsidiary Dundas Titanium had received a letter of interest from the export-import Bank of the United States for the provisional sum of...

Environmental and life science company DeepVerge said it had signed a non-binding heads of terms with Microsaic Systems to enter a multi-year agreement as non-exclusive agent to promote the...

Agricultural supplies group Wynnstay said chairman Jim McCarthy would stand down next month after eight years in the role. McCarthy would be succeeded by Steve Ellwood, who had joined the company...

Clinical stage drug development company ValiRx said it had formed a fresh collaboration agreement with oncology consultancy Physiomics. The new pact superseded an agreement with Physiomics...

Specialist investor Impax said it had finalised its agreement to acquire Pax World Management, now known as Impax Asset Management, after buying the remaining 16.7% stake of the New Hampshire-based...

Cannabinoid product Sativa Wellness said it had submitted a novel food application for validation by the UK's Food Standards Agency. The submission was made ahead of a 31 March deadline and was...

Real estate company Tritax EuroBox said it had agreed to sell its logistics property in Lodz, Poland for €65.5 million to clients of Savills Investment Management, for €65.5 million. The sale was...

Tin mining company AfriTin Mining said it had agreed a new offtake agreement for its tin concentrate with its existing trading partner, Thailand Smelting and Refining Corporation, and signed an...

Minimally invasive surgery technology group Surgical Innovations said it had inked a US trocar distribution agreement for with Microline Surgical. The five-year pact was for the company's...

Home REIT declared a maiden interim dividend of 0.83 pence per share for the period from 12 October 2020 to 31 December 2020. The company said it was targeting a minimum total dividend of 2.5...

Telecom services provider Toople said it had won five new contracts in the UK, the largest from a building merchant with locations across England. The others were with a sports car dealer,...

Consumer good group UP Global Sourcing, otherwise known as Ultimate Products, said it had acquired German kitchen electrical brand Petra, for an undisclosed sum. The deal was not classified as a...

Respiratory drug focused Synairgen said dosing had begun for a sub-study investigating an inhaled treatment for mild-to-moderate Covid-19 symptoms not yet requiring hospitalisation. The new study...

Aircraft engineer Rolls-Royce said it had appointed Panos Kakoullis as its new chief financial officer, to replace Stephen Daintith, whose pending departure was announced last year. Kakoullis had...

Telecom group Vodafone reaffirmed annual guidance for its Vantage Towers infrastructure business, which it is planning to spin off later this year. Underlying pro-forma earnings in the 2021...

Pub group Mitchells & Butlers said it would raise up to £350 million from a discounted share issue, as it attempts to weather the pandemic. New shares in the company would be offered at 210p...