Economic and Market News for 16 November 2020
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16 Nov
14:46Power Metal Resources announces completion of first exploration hole at Botswana Molopo Farms ComplexMetals 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...
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16 Nov
14:20Arricano Real Estate says temporary shopping centre closures will not impact significantly on 2020 performanceUkraine-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...
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16 Nov
14:08Carnival announces completion of common stock offeringsCruise 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...
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16 Nov
13:57European Metals announces equity issueMineral 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...
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16 Nov
13:43JPMorgan Brazil Investment Trust voluntary liquidation proposal approved by shareholders; appoints joint liquidatorsThe 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...
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16 Nov
13:28Victoria completes Koch Equity Development investment following shareholder approvalFlooring 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...
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16 Nov
13:17Sanne hires Sophie O'Connor in independent non-executive director roleAlternative 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...
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16 Nov
13:07Shaftesbury announces passing of founder and former chairmanLondon 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...
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16 Nov
10:00Venture Life welcomes study showing its mouthwash can kill SARS-CoV-2Self-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...
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16 Nov
09:55Jangada Mines identifies drill targets at Pitombeiras vanadium projectNatural 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...
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16 Nov
09:48Katoro Gold completes technical work at Blyvoor projectGold 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...
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16 Nov
09:47Sensyne Health inks research agreement with Somerset NHS Foundation TrustClinical 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...
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16 Nov
09:44Botswana Diamonds meets conditions to acquire Sekaka DiamondsDiamond 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...
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16 Nov
09:42Proton Motor Power Systems wins order for road tunnelsFuel 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...
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16 Nov
09:39Warehouse REIT acquires UK assets from Greenstone Property for £43.6mWarehouse 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...
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16 Nov
09:36Novacyt hails positive UK trial data for Covid-19 testParis-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...
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16 Nov
09:33Block Energy oil production from West Rustavi field to resume after first gas salesExploration 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...
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16 Nov
09:31Silence Therapeutics presents positive pre-clinical safety dataRNA-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...
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16 Nov
09:25TomCo Energy raises £3.5m to progress US joint ventureDrilling 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...
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16 Nov
09:17KEFI's £3m equity placing oversubscribedGold 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...
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16 Nov
09:12Iconic enters management contract for Lovin' MediaMedia 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....
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16 Nov
09:11Oracle Power acquires gold prospects in AustraliaResources 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...
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16 Nov
09:00Sunrise Resources completes bulk sampling at CS project in NevadaMineral 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...
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16 Nov
08:58Castillo Copper discovers mineralisation at shallow depths at Big One Deposit in AustraliaBase 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...
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16 Nov
08:57Phoenix Copper says report confirms prospectivity of Red Star project in IdahoMining 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...
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16 Nov
08:53Dukemount Capital receives practical completion certificate for West Derby projectProperty 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...
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16 Nov
08:50President Energy reports positive testing results from Argentina exploration wellOil 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...
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16 Nov
08:44DeepVerge rolls out Covid-19 wastewater tests in Ireland; first shipments to China, US by year-endDeepVerge 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...
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16 Nov
08:37Camellia completes sale of Horizon Farm property for £31mAgriculture 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...
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16 Nov
08:33Brickability's CFO Stuart Overend takes leave of absence due to ill healthBuilding 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...
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16 Nov
08:31CIP Merchant Capital invests further £2m in CareTechCIP 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...
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16 Nov
08:29Bluejay Mining begins drilling at Hammaslahti copper-zinc-gold-silver mineBluejay 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...
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16 Nov
08:05DP Poland CEO Iwona Olbrys to leave ahead of proposed Dominium acquisitionDomino'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...
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16 Nov
07:57Supermarket Income REIT acquires Tesco, Aldi sites in Leicester fcr £63.4mRetail 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...
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16 Nov
07:52Fiske gets go ahead to sell 1,000 shares in EuroclearFiske 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...
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16 Nov
07:51Stenprop acquires industrial property assets in Durham, West BromwichProperty 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...
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16 Nov
07:48Gem Capital tables £19m cash offer to acquire Volga GasGem 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...
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16 Nov
07:47Stagecoach agrees extension of covenant waiversRail 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...
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16 Nov
07:43Stobart will no longer be preferred supplier for Aer Lingus contactAviation 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...
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16 Nov
07:37G4S sees cash solutions business generating $600m in revenue by 2025Security 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...
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16 Nov
07:32National Grid requests rate increase in MassachusettsPower 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...
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16 Nov
07:28Antofagasta commits to Copper Mark assurance frameworkChile-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....
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16 Nov
07:21Wood Group completes sale of Canadian turbine business for $67mEngineering company Wood Group said it had completed the planned sale of its joint venture interest in Canadian gas turbine group TransCanada to partner TC Energy for $67 million. The deal...