Economic and Market News for 16 August 2019

Convenience store group SSP said it would undertake a further round of consultation with investors following a significant vote against its remuneration report at its annual general meeting in...

Acacia Mining said it had resumed the export of gold from its North Mara mine, having started receive permits from the Mining Commission of the Tanzanian Ministry of Minerals. The company said it...

Global Ports Investments said financial arrangements had been made for it to purchase $52.8m of its corporate bonds. The 6.872% notes were due on 2022 and issued in April 2016. The purchased...

US privately‐owned housing units authorized by building permits rose 8.4% in July to a rate of around 1.34m. The reading beat market expectations for a rise to 1.27m, from 1.23m in June. Housing...

Tin miner AfriTin Mining said it had secured a £2.4m working capital facility with Nedbank Namibia to help it develop the Uis mine in Namibia. The loan was repayable in 12 months, with interest of...

Andalas Energy and Power said a well at the Betun Selo venture in Indonesia was performing ahead of the expectations. The BTN14 well was now producing 30 barrels of oil per day, up from 4.5...

Ibstock said that incoming chief financial officer Chris McLeish would be formally appointed to the role on 31 August. He would replace Kevin Sims following a handover period, the details of which...

Insurance company Prudential said a British court had prevented the transfer of a portfolio of annuities from investment business M&GPrudential to Rothesay Life. The current benefits, terms...

The London Stock Exchange said trading in shares had been delayed Friday due to a 'potential trading services issue'. The company said it would provide updates as soon as it had any further...

LightwaveRF announced plans to raise approximately £1.3m through the placing of shares. The company issued 15,806,811 new shares to new and existing investors at 7 pence per share, raising £1.1m...

Russian construction company Etalon group said it had completed the purchase of the remaining 49% stake in Leader-Invest from Sistema for RUB 14.6bn. Leader-Invest, one of the largest players on...

Gas exploration and production company Aminex said it continued to wait on the Tanzanian government to approve the farmout of Ruvuma to ARA Petroleum. The company also said it had cut costs by more...

Upland Resources said it had completed its migration to Jersey from British Virgin Islands. The company had made the move to enhance corporate governance, since it would now become subject to the...

Merian Chrysalis Investment Company said it had invested £10m in Manchester-based software-as-a-service company Sorted as part of a £15m funding round. Other investors in the round included...

Payments group Equals detailed plans to raise up to £16m through an open offer and the placing of shares at a discount. The company said it would issue 12,727,000 shares at 110p, representing a...

Solo Oil welcomed progress at a joint venture that is aiming to develop the Kiliwani North oil prospect in Tanzania. Operator and partner Aminex announced that reprocessing of 2D seismic lines had...

Induction Healthcare Group said that Seb Jantet would step down as chief financial officer by mutual agreement. Shelley Fraser, previously finance director and company secretary at hVIVO, had been...

Cello Health said it had acquired Innovative Science Solutions for up to $10.5m. Under the terms of the deal, Cello paid an initial consideration of $6.4m in cash and agreed to pay a deferred...

Fashion retailer Ted Baker said it had forged a product licence agreement with rival Next to accelerate the expansion of its childrenswear collections, replacing an existing arrangement with...

Ultra Electronics said it and joint venture partner Sparton DeLeon Springs had won a contract worth up to $1.04bn for the manufacture of sonobuoys for the US Navy. The contract, awarded to the...