Economic and Market News for 17 January 2020

Oilex said Indian partner Gujarat State Petroleum had opened bids received for the sale of its 55% interest in the Cambay production sharing contract. The sale process was being conducted pursuant...

Investment company CEPS said administrators had sold pattern book and shade card maker Travelfast to newly-formed company Sampling International Enterprises. The buyer was connected with Stephen...

Nostra Terra Oil Gas said it had received a letter from investor Eridge Capital calling for a general meeting to vote on the removal of chief executive Matt Lofgran. Eridge also wants Andrew...

US privately‐owned housing units authorised by building permits fell 3.9% in December to about 1.42m, according to the Census Bureau. The market had been expecting a reading of 1.47m, in line with...

Mining group Keras Resources said chief executive Russell Lamming was currently in Togo meeting with government officials and other interested parties to close the permitting progress for the...

Disease testing group Omega Diagnostics said it had received government approval to deploy an HIV test kit in Nigeria. Authorities in the African country had recommend that the company's Visitect...

Itaconix said it mutually agreed with Nouryon to terminate the latter's exclusively distribution contract to deliver the company's polymers with chelating properties worldwide for detergent...

Hipgnosis Songs Fund said it had acquired a music catalogue from songwriter Ammar Malik, for an undisclosed sum. The company said Malik's songs had sold over 100m copies, as well as achieving 108...

Kazera Global said its investee company African Tantalum would proceed to the second phase of drilling at the Tantalite Valley mine in Namibia. The phase two drilling programme would carried out...

UK retail sales fell 0.6% in December, according to the Office for National Statistics, defying expectations of a rise. The market had been expecting retail sales to improve 0.5% in December,...

CLM Microsystems said chairman Nigel Clark would adopt the additional executive role of financial director as the company decided to delay the search for a successor to Neil Pritchard who was set...

Ananda said its investee company, iCAN Israel-Cannabis had secured additional financing from Tress Capital and Plaza Capital through a convertible loan note at a pre-money valuation of $20m....

Ncondezi Energy said it expected to finalise negotiations over a power tariff for its 300 megawatt power project and coal mine in Tete, Mozambique in the first half of 2020. A tariff financial...

Business group Barkby said it had exchanged contracts on a site in Huntingdon, Cambridgeshire, after concluding legal negotiations. Under the proposed development, the Huntingdon site had an...

British Airways owner International Consolidated Airlines said it had removed a limit on the number of its shares that could be owned by non-Europeans investors. The removal came as data showed...

Rare diseases pharmaceutical services company Open Orphan declared its £13m takeover bid for hVIVO wholly unconditional after waiving all remaining deal conditions. The company had by 14 January...

Online gambling group Veltyco said it had acquired the 49% of rival Quasar it didn't already own for €0.5m plus shares. Quasar owned Bet90 Sports, an online sportsbook and casino group. The stake...

Trinidad and Indonesia focused oil company Star Phoenix said the sale of subsidiary Range Resources Trinidad to LandOcean Energy Services had been approved by the state oil and gas company of...

Oil and gas company PetroNeft said construction had commenced on a mini oil processing facility at a key licence in Russia. Construction of the facility, on licence 61 in the Tomsk Oblast region,...

Premier Foods said its sales rose 2.6% in its fiscal third quarter, underpinned by healthy demand for its Mr. Kipling cakes. The growth in sales in the three months through December helped...

Specialist currency manager Record said its asset under management rose 8% in the third quarter, thanks to fresh inflows and a boost in customer numbers. Assets under management equivalents for...

Software company Sage said president and executive director Blair Crump was retiring at the end of March Crump joined the company in August 2016 to lead its sales and customer services teams in...

Gulf region focused hospital operator NMC Health said it had hired a former US federal judge and FBI director to address allegations about the health of its balance sheet lobbed by short-seller...