Economic and Market News for 16 January 2018

  • 16 Jan
    Faroe Petroleum $100m bond listed in Norway

    Faroe Petroleum, an independent oil and gas company focused on the Norway and the UK, said its $100m senior unsecured bond would be listed on the Nordic ABM. Danske Bank, DNB Markets and SEB acted...

  • 16 Jan
    Gulf Keystone Petrol signs supply deal

    Gulf Keystone Petrol said it had signed a crude oil sales agreement, on behalf of the Shaikan contractors, with the Kurdistan Regional Government. Under the agreement, the government would...

  • 16 Jan
    Reabold welcomes United Oil farm-in investment

    Reabold Resources has welcomed an announcement by United Oil and Gas that it has farmed into three licences operated by Corallian Energy. Reabold has an agreement to acquire a 35.4% stake in...

  • 16 Jan
    Capita loses Prudential as customer

    Capita said customer Prudential would be transferring administration of its life and pensions business from Capita to a new supplier at the end of July. The move was part of Prudential's customer...

  • 16 Jan
    AdEPT Telecom investors approve name change

    AdEPT Telecom said a resolution to change its name was passed today at a general meeting. The change of name would only become effective, however, when permitted by Companies House, the company...

  • 16 Jan
    Midatech Pharma gets nod for treatment study

    Midatech Pharma said it had received approval from the US Food and Drug Administration to conduct a study of MTX110, an investigational nano-inclusion product, for the treatment of the fatal...

  • 16 Jan
    NetScientific issues portfolio update

    NetScientific said that Glycotest, a company in its investment portfolio, had successfully completed a clinical evaluation of a liver cancer treatment. Glycotest had begun planning for a further...

  • 16 Jan
    Phoenix Global Mining appoints executive chairman

    Phoenix Global Mining has appointed Marcus Edwards-Jones as executive chairman, with immediate effect. Edwards-Jones was previously non-executive chairman of the company. At 9:48am: (LON:PGM)...

  • 16 Jan
    Van Elle outlines Carillion exposure

    Van Elle Holdings said it was still owed outstanding payments by Carillion and that its collapse could have an adverse financial impact on the company. Van Elle confirmed that it carried out...

  • 16 Jan
    Man Group buys back shares

    Man Group bought back 94,615 ordinary shares yesterday for cancellation at a weighted average price of 214.6932p each under its US$100m repurchase programme. At 9:33am: (LON:EMG) Man Group PLC...

  • 16 Jan
    UK December CPI 3.0%, says ONS

    The UK consumer price index of inflation was 3.0% in December, according to the Office of National Statistics. The 3.0% rate was in line with market expectations. Story provided by...

  • 16 Jan
    Diageo buys back shares

    Diageo bought back 385,443 ordinary shares yesterday at the volume weighted average price of 2,628.00p apiece for cancellation. At 9:29am: (LON:DGE) Diageo PLC share price was +7.75p at...

  • 16 Jan
    Premier African Minerals says Zimbabwe talks advancing

    Premier African Minerals said discussions with Zimbabwe's National Indigenisation and Economic Development Fund regarding its investment in the RHA tungsten mine are progressing well. At a meeting...

  • 16 Jan
    Touchstone Exploration boosts output

    Touchstone Exploration said it increased fourth-quarter output by 16% on-year, while receiving a higher oil price. Average production for the fourth quarter of 2017 was 1,448 barrels per day, with...

  • 16 Jan
    Sinclair Pharma gets Brazil regulatory nod

    Sinclair Pharma said it had received regulatory approval for its Ellansé cosmetic product in Brazil. Ellansé is a pre-mixed bioresorbable collagen stimulating filler. The approval means the...

  • 16 Jan
    Kingfisher buys back shares

    Kingfisher bought back 154,015 ordinary shares yesterday at an average price of 347.7731p apiece for cancellation. At 8:47am: (LON:KGF) Kingfisher PLC share price was +0.2p at 347.2p Story...

  • 16 Jan
    Henderson Intl in equity issue

    Henderson International Income Trust issued 100,000 new ordinary shares yesterday at 170.75p apiece under its block listing facility. At 8:42am: (LON:HINT) Henderson International Income Trust...

  • 16 Jan
    ValiRx welcomes positive clinical results

    ValiRx has provided an update on the clinical progress of an anti-cancer compound developed by ValiSeek, a joint venture between ValiRx and Tangent Reprofiling. Data analysed by Ariana, a digital...

  • 16 Jan
    Plutus Powergen UK sites go live

    Plutus Powergen said two flexible generation sites in Ipswich, UK have been energised. This development was part of the company's strategy to roll-out nine 20MW renewable green diesel-powered...

  • 16 Jan
    Savannah says Mozambique mine applications submitted

    Savannah Resources said three applications have been submitted to Mozambique's Ministry of Mineral Resources and Energy related to mining leases for the Mutamba heavy mineral sands projects. The...

  • 16 Jan
    Tiziana Life Sciences places news shares

    Tiziana Life Sciences has raised £150,000 via a share issue at 150p per share Each placing share had a warrant attached entitling the holder to subscribe for one new ordinary share at an exercise...

  • 16 Jan
    Magnolia Petroleum reserves fall

    Magnolia Petroleum said its total developed producing oil and condensate reserves had fallen to around 274.5m barrels, down from 282.7m barrels. Net gas reserves, meanwhile, had fallen to around...

  • 16 Jan
    Tate & Lyle CEO to retire

    Tate & Lyle has appointed current chief financial officer Nick Hampton as its new chief executive, effective from April 1. Hampton succeeds Javed Ahmed, who the company said was retiring. "It...

  • 16 Jan
    Savills CEO to retire; upgrades guidance

    Savills said that chief executive Jeremy Helsby would retire at the end of 2018, after 11 years at the helm, as it upgraded its profit guidance. The real estate group said it experienced a...

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