Economic and Market News for 17 June 2019

Mining and energy company GCM Resources said finance director James Hobson had resigned with immediate effect. He would be replaced by Keith Fulton, who had been a partner at audit firm Chapman...

Primorus Investments welcomed news that food industry technology company Fresho, of which it owned 3.1%, had introduced new significant investors. The new investors were Leigh Jasper, Robert...

House builder Crest Nicholson Holdings confirmed that Duncan Cooper had joined the company as finance director. Cooper appointment was first announced in February. At 1:14pm: (LON:CRST) Crest...

Amerisur Resources entered into a conditional agreement with Occidental Andina to sell its 50% take in the Put-8 exploration licence in the Putumayo region of Colombia, for US$ 19.1m. The sale...

Dublin-based IT services group Scisys confirmed that US-listed company CGI had agreed to acquire it for around £78.9m. In an announcement made on Friday, CGI said it had offered 254.15p for each...

Tritax Big Box REIT entered into a new £200m credit facility with a syndicate of its relationship lenders to support the company's future investment and development activities. The credit...

Avesoro Resources resumed operations at its Youga Gold Mine in Burkina Faso following successful talks between negotiations the company's proposed open pit mining contractor, Orkun and former...

Altus Strategies said the proposed joint-venture deal with Indiana fell through after the latter failed to meet an extended deadline. But the company added it would seek joint-venture deals with...

Cash shell MBL Group said its listing on AIM would be cease on Monday after it was unable to find a reverse takeover partner in accordance with listing rules. 'Once cancellation has occurred, the...

Data analytics company Diaceutics invested £1m to acquire 16m additional patient records per annum from new partnerships in a bid to improve outcomes. Utilising Diaceutics' proprietary software,...

Podcast company Audioboom agreed a new content funding facility with SPV Investments that would allow the company to sign and renew podcast talent without tying up working capital. The SPV, a...

BATM said it had developed a new technology under its long-standing partnership with NXP Semiconductors to enable a 'significant' increase in network traffic, without requiring an increase in...

WideCells Group said it would explore more traditional forms of debt and equity financing following the completion of a convertible bond issue. 'The company has an aggressive growth strategy,...

Fox Marble said it had received its largest single order for Illirico Selene marble from an existing customer in Kosovo. Fox Marble received an order for 1,850 tons of Illirico Selene from the...

London and Sydney listed miner South32 reduced the metallurgical coal reserve estimate for its Illawarra assets in Australia, following an agreement to relinquish a portion of its mining lease in...

Rare earths development company Mkango Resources said warrants over shares in the company had been exercised for a combined value of around £1.1m. The warrants were exercised at 6.6p each. They...

Vast Resources said it had established a road map to develop the Heritage concession in Zimbabwe following meetings last week in Harare with local community leaders and the Zimbabwe Consolidated...

Kier Group said it would suspend dividend payments, cut jobs and sell assets as part of turnaround programme to lower its debt. Following a strategic review, the company said it would suspend...

Providence Resources said a subsidiary had agreed to a loan extension with APEC Energy Enterprises with regards to a farm-out agreement for the Barryroe oil prospect offshore Ireland. 'Due to...

Union Jack Oil welcomed positive results from an appraisal well at the West Newton prospect in the UK. The company owned a 16.7% stake in the related licence. A substantial hydrocarbon...

Russia-focused Trans-Siberian Gold said it had appointed Evgeny Volkov as manager of its Asacha mine in South Kamchatka. Volkov was most recently mine director at Nordgold's Zun-Khloba mine in the...

Defence company Babcock confirmed that British outsourcer Serco had made offer to merge with the company in January, but rejected the deal as it had no strategic merit. The update comes after The...

Reabold Resources said a venture of which it owns 24% reported positive results from an appraisal of the West Newton propsect in Humberside, UK. The West Newton A-2 well commenced drilling on 26...

Royal Bank of Scotland Group said it wold collect £400m from a sell-down of its stake in Alawwal bank, triggered by the latter's merger with Saudi British Bank. RBS also said the deal would reduce...