Economic and Market News for 16 November 2020

Metals exploration and development company Power Metal Resources has confirmed the successful completion of the first hole (KKME 1-14) of a planned 2,505 metre four-hole programme at the Kalahari...

Ukraine-focused property group Arricano Real Estate has said that the temporary closure of retail shopping centres will not have a significant effect on its 2020 performance. The company said that...

Cruise company Carnival has confirmed that on 13 November 2020 it completed the sale of 94.5 million shares of common stock under its $1.5 billion 'at-the-market' (ATM) equity offering program as...

Mineral mining company European Metals has issued 705,059 new ordinary shares represented by depository interests (DIs) in the company, at a price of 19.392p per DI in relation to the fund facility...

The board of JPMorgan Brazil Investment Trust has said that the proposals for the voluntary liquidation of the company were voted on and approved by shareholders at the general meeting held earlier...

Flooring retailer Victoria has announced the completion of the Koch Equity Development preferred equity investment after all resolutions were passed at its general meeting. The company previously...

Alternative asset services provider Sanne has appointed Sophie O'Connor as an independent non-executive director with effect from 16 November 2020, bringing with her financial, audit and risk...

London West End property developer Shaftesbury has announced the death of founder and former chairman Peter Levy following a short illness. Levy and members of his family founded the company in...

Self-care product manufacturer Venture Life said that a trial of its mouthwash product indicated it could eradicate the virus that causes Covid-19. Scientists at Cardiff University had concluded...

Natural resources company Jangada Mines said it had identified drill targets at the Mocidade property, a new target area at its 100%-owned Pitombeiras vanadium project in Brazil. Seven very high...

Gold and nickel exploration and development company Katoro Gold said all technical work related to the upgrade and restatement of the Blyvoor project, located in South Africa, had now been...

Clinical technology group Sensyne Health said it had signed a five-year strategic research agreement with Somerset NHS Foundation Trust. The agreement would enable the application of clinical...

Diamond explorer Botswana Diamonds said it had met the condition to move ahead with its acquisition of Sekaka Diamonds. Sekaka's prospecting license, which held the KX36 high-grade kimberlite...

Fuel cell developer Proton Motor Power Systems said it had received an order for its newly released PM Frame product. The system would be installed as an uninterruptible power supply within road...

Warehouse property investor Warehouse REIT said it had agreed to acquire a portfolio of five single-let and multi-let assets located across the UK from Greenstone Property for £43.6 million. The...

Paris-based diagnostics group Novacyt said encouraging interim data had been reported from an ongoing clinical trial in care homes that was assessing the accuracy of its Covid-19 test. Queen Mary...

Exploration and production company Block said oil production from West Rustavi would recommence and first sales of associated gas will be achieved. The early production facility on the West...

RNA-focused treatment developer Silence Therapeutics said it had presented positive pre-clinical safety data for its lead product candidate at the American Heart Association virtual Scientific...

Drilling technology group TomCo Energy said it had raised £3.5 million from a share issue to progress its US joint venture with Valkor and Greenfield Energy. New shares in the company were offered...

Gold exploration and development company KEFI said its 186 million equity placing to raise gross proceeds of £2.976 million was oversubscribed. The placing price was 1.60 pence per share. The...

Media and technology business Iconic Labs entered into a management services contract with Greencastle under which it would take over responsibility for the management of Lovin' Media....

Resources group Oracle Power said it had agreed to acquire two gold projects in Western Australia for a combination of cash and shares. The Northern Zone and Jundee East projects were acquired for...

Mineral sands producer Sunrise Resources said it had completed processing of a 100 ton bulk sample at its CS pozzolan and perlite project in Nevada. Perlite samples had now been sent out to...

Base metal explorer Castillo Copper said it had discovered visible copper oxide and sulphide mineralisation at shallow depths in the first phase of a drilling campaign at the Big One deposit at its...

Mining group Phoenix Copper said an independent report had confirmed the potential of further high-grade silver and lead at the Red Star project in Idaho. The report was carried out by consultant...

Property management and income specialist Dukemount Capital said it had received a certificate of practical completion for the West Derby development project in Liverpool. The West Derby project...

Oil company President Energy said oil and associated gas had flowed successfully following testing at an exploration well in Rio Negro province, Argentina. Preliminary testing was conducted on the...

DeepVerge said it had rolled out wastewater Covid-19 contamination test equipment into water treatment plants in Ireland, with first shipments to China and the US expected by year-end. DeepVerge...

Agriculture group Camellia confirmed it had completed the previously announced sale of the Horizon Farm property together with its growing crop of pistachios and almonds. The gross cash...

Building materials supplier Brickability said Stuart Overend, chief financial officer, would be taking an immediate leave of absence due to ill health. 'In Stuart's absence, his finance duties...

CIP Merchant Capital said it had made a further £2m investment in CareTech Holdings, a provider of social care and education services to adults and children in the UK. The company bought 441,973...

Bluejay Mining said it had commenced a fieldwork and drilling programme at its Hammaslahti copper-zinc-gold-silver project in Finland. The drilling would focus on near-mine targets, several of...

Domino's Pizza franchisor in Poland DP Poland said that chief executive officer Iwona Olbrys would be leaving the company by mutual consent ahead of a possible acquisition of Dominium S.A. The...

Retail property investor Supermarket Income REIT said it had acquired a Tesco Extra and an Aldi supermarket, both in Beaumont Leys, Leicester, from British Land for a combined £63.4 million. The...

Fiske confirmed it had received approval from Euroclear to sell 1,000 of the latter's shares. Following receipt of approval, the company would proceed with completion of the sale, which would...

Property investor Stenprop said it had acquired two multi-let industrial estates, comprising 58 units in Durham and West Bromwich, for a combined £14 million. Mandale Business Park, located on the...

Gem Capital said it had made a £19.16 million cash offer to acquire oil and gas explorer Volga Gas. Upon completion of the deal, Volga Gas would become a private company, and its shares delisted...

Rail and bus company Stagecoach said it had secured an extension to the timeframe of convenant waivers on its bank debt. The company had in June agreed covenant waivers with its banks for the...

Aviation services group Stobart said it may lose a key contract with Irish carrier Aer Lingus. Aer Lingus had informed the company's Stobart Air division that it was not the preferred supplier for...

Security company G4S made the case for its retail cash solutions unit, which it said would target revenue in excess of $600 million by 2025 thanks to new business wins. 'We are highly confident in...

Power utility National Grid said it had filed a request with regulators in Massachusetts asking for an increase in revenue via higher gas distribution rates. The filing to the Massachusetts...

Chile-focused miner Antofagasta said its Centinela and Zaldivar operations had committed to the Copper Mark, an assurance framework to promote sustainable environmental practices in the industry....