Economic and Market News for 15 February 2021
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15 Feb
14:51Advance Energy provides update on Buffalo oil fieldAdvance 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...
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15 Feb
14:02Asimilar notes Mesh deal with AAQUA to acquire SentianceTechnology 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...
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15 Feb
13:45TBC Bank’s Haag steps downTBC 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...
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15 Feb
13:24Schroder Real Estate Investment Trust records net increase over quarterSchroder 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%...
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15 Feb
10:03Learning Technologies to acquire getBridge for $50mDigital 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,...
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15 Feb
10:00Coca-Cola European Partners sweetens takeover offer for Coca-Cola AmatilBottling 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...
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15 Feb
09:59MJ Hudson completes acquisition of Bridge Fund ManagementAsset 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...
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15 Feb
09:55Jangada receives third tranche of shares in Valcore from sale of Pedra BrancaNatural 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...
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15 Feb
09:52CIP Merchant Capital rejects 50p/share offer from Corporation Financiere EuropeenneCIP 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...
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15 Feb
09:46Greencoat Renewables to acquire Kokkoneva wind farm from Abo wind for €60mRenewable 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...
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15 Feb
09:44Simec Atlantis Energy tidal turbine installed in JapanAlternative 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...
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15 Feb
09:39United Oil & Gas says Egypt development well finds oilOil 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...
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15 Feb
09:34Pires Investments says Low6 on track for IPO in second quarterPires 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...
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15 Feb
09:29Zoetic International starts US rollout; finds UK retail partnerCannabidiol 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...
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15 Feb
09:27Bluejay Mining receives letter of interest from US EXIM Bank to fund Dundas projectExploration 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...
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15 Feb
09:13DeepVerge signs terms with Microsaic Systems to promote technologiesEnvironmental 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...
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15 Feb
09:03Wynnstay chairman Jim McCarthy to stand downAgricultural 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...
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15 Feb
08:56ValiRx refreshes collaboration agreement with PhysiomicsClinical 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...
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15 Feb
08:52Impax acquires remaining 16.7% stake in Pax World Management for $3mSpecialist 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...
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15 Feb
08:47Cannabinoid group Sativa Wellness submits novel food application to UK regulatorCannabinoid 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...
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15 Feb
08:28Tritax EuroBox sells to Logistics property in Poland for €65.5mReal 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...
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15 Feb
08:24AfriTin Mining renews offtake agreement with Thaisarco, inks offtake deal with AfriMetTin 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...
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15 Feb
07:58Surgical Innovations forms US distribution pact with Microline SurgicalMinimally 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...
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15 Feb
07:57Home REIT declares maiden interim dividendHome 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...
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15 Feb
07:45Toople wins five contracts in UKTelecom 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,...
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15 Feb
07:41Ultimate Products acquires German kitchen electrical group PetraConsumer 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...
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15 Feb
07:38Synairgen starts dosing in Covid treatment trial for mild to moderate symptomsRespiratory 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...
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15 Feb
07:30Rolls-Royce appoints Panos Kakoullis as CFOAircraft 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...
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15 Feb
07:25Vodafone unit Vantage Towers reaffirms guidance ahead of spinoffTelecom 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...
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15 Feb
07:14Mitchells & Butlers launches £350m discounted equity raisingPub 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...
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15 Feb
07:13JTC acquires Indos for up to £12.5mFund services provider JTC said it had acquired Indos for up to £12.5 million. The initial consideration was £11 million, which would be settled in cash £10 million and JTC equity of £1 million....