Economic and Market News for 17 June 2019
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17 Jun
13:52GCM Resources finance director James Hobson stands downMining 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...
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17 Jun
13:28Primorus Investments welcomes new ownership interests in FreshoPrimorus 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...
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17 Jun
13:14Crest Nicholson confirms appointment of Duncan Cooper as finance directorHouse 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...
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17 Jun
10:05Amerisur Resources agrees to sell 50% stake in Put-8 exploration licence to Occidental for $19.1mAmerisur Resources entered into a conditional agreement with Occidental Andina to sell its 50% take in the Put-8 exploration licence in the Putumayo region of Colombia, for US$ 19.1m. The sale...
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17 Jun
10:00Scisys agrees to be acquired by CGI for around £78.9mDublin-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...
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17 Jun
09:58Tritax Big Box REIT secures new £200m loan facilityTritax 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...
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17 Jun
09:54Avesoro Resources resumes operations at Youga gold mineAvesoro 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...
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17 Jun
09:45Altus Strategies eyes joint-venture talks with other parties after Indiana deal falls throughAltus 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...
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17 Jun
09:39Cash shell MBL shares to be cancelled from AIMCash 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...
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17 Jun
08:54Diaceutics invests £1m in patient data to improve outcomesData 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,...
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17 Jun
08:42Audioboom agrees new content funding facilityPodcast 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...
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17 Jun
08:26BATM unveils new tech under partnership with NXP SemiconductorsBATM 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...
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17 Jun
08:14WideCells to mull more tradition financing options after expiry of convertible bondWideCells 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,...
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17 Jun
08:01Fox Marble receives single largest order from existing customer in KosovoFox 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...
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17 Jun
07:59South32 reduces coal reserve estimate at Illawarra assets in AustraliaLondon 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...
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17 Jun
07:57Mkango Resources warrants worth £1.1m converted into sharesRare 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...
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17 Jun
07:53Vast Resources has positive talks in Zimbabwe on future of Heritage diamond playVast 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...
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17 Jun
07:51Kier Group to suspend dividend, sell assets in effort to lower debtKier 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...
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17 Jun
07:48Providence Resources agrees to loan extension with Ireland JV partnerProvidence 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...
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17 Jun
07:41Union Jack Oil welcomes positive results from UK appraisal wellUnion 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...
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17 Jun
07:34Trans-Siberian Gold appoints Evgeny Volkov as Russian mine managerRussia-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...
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17 Jun
07:28Babcock says merger approach from Serco had no strategic meritDefence 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...
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17 Jun
07:26Reabold Resources welcomes positive results from UK appraisal wellReabold 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...
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17 Jun
07:18RBS to collect £400m from Alawwal bank stake saleRoyal 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...
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17 Jun
07:16AstraZeneca's leukaemia drug 'significantly' improves survival ratesAstraZeneca said interim analysis of the phase III Ascent trial showed that its chronic lymphocytic leukaemia drug had significantly prolonged the time patients live without the disease. An...