Economic and Market News for 18 June 2019
-
18 Jun
14:47Greencoat UK Wind completes investment in Tom nan Clach project in ScotlandGreencoat UK Wind said it had completed its investment in the Tom nan Clach wind farm in Scotland The company said it had acquired Belltown Power's 75% stake in the project, which went live in...
-
18 Jun
14:44IAG orders 14 Airbus A321XLR aircraft for Iberia, Aer LingusInternational Consolidated Airlines said it had ordered eight Airbus A321XLR aircraft for Iberia and six for Aer Lingus. The company, which also owns British Airways, had also signed up for a...
-
18 Jun
14:39Verditek, Paragraf develop solar PV cell enhanced with grapheneClean technology company Verditek said it and partner Paragraf had developed a solar PV cell enhanced with graphene. The companies' joint development programme had advanced methodologies to...
-
18 Jun
14:13Bluejay Mining ramps up preparation work at Greenland ilmenite mineBluejay Mining said it planned to this year prepare a sample for shipment from its Dundas ilmenite project in Greenland. The bulk smelter sample would be shipped to Rio Tinto's Sorel-Tracy plant...
-
18 Jun
13:55Simec Atlantis Energy mulls alternative transaction for Scottish hydro assetsSimec Atlantis Energy said it was considering an alternative transaction structure for its planned purchase of a portfolio of Scottish hydro schemes. After assessing the financing options...
-
18 Jun
13:42Myanmar Investments International rejects takeover approachMyanmar Investments International said it had rejected a takeover approach by Myanmar Strategic Holdings, claiming it was too low. MSH had offered 75c per Myanmar Investments share, comprising 10c...
-
18 Jun
13:36US building permits rise 0.3% in May as expectedUS privately‐owned housing units authorized by building permits rose by 0.3% in May to a rate of around 1.29m, according to the Census Bureau. The reading was broadly in line with the 1.30m...
-
18 Jun
13:32Indivior opioid addiction treatment shown to have possible long-lasting effectsIndivior released the results of study data that showed a substantial number of opioid users that took its addiction treatment had abstained from the drug a year later. The study examined the...
-
18 Jun
13:21Rolls-Royce to acquire Siemens electric aircraft businessRolls-Royce said it had agreed to acquire the Siemens' electric aerospace business, for an undisclosed sum. The British engineering company said the move would accelerate the delivery of its...
-
18 Jun
09:58Hurricane Energy sells first cargo from Lancaster fieldHurricane Energy said it had sold its first cargo in June from its Lancaster field. On 18 June 2019, Hurricane sold its first cargo which was lifted from the Aoka Mizu FPSO by the Amundsen Spirit...
-
18 Jun
09:51US Solar Fund enters exclusive talks to acquire projects in North Carolina, OregonUS Solar Fund said it had entered into exclusive talks to acquire a portfolio of utility-scale solar projects in North Carolina and Oregon from Cypress Creek Renewables. The projects had a total...
-
18 Jun
09:29Chaarat Gold touts optimism after drilling encounters 'significant' intercepts at Tulkubash mineChaarat Gold said it had encountered 'significant' intercepts at its Tulkubash oxide gold deposit in the Kyrgyz Republic as it got its exploration and drilling season underway. To date, 26 holes...
-
18 Jun
09:19Water Intelligence launches new US leak detection ventureWater Intelligence said it had launched of a new business-to-business program in the US that built upon its national insurance channel. The company's American Leak Detection brand would work with...
-
18 Jun
09:07Helical confirms payment of £100m convertible bondHelical confirmed that its five year £100m convertible bond with a 4.0% coupon, originally issued in June 2014, had been repaid out of existing cash resources. 'The repayment of this listed...
-
18 Jun
08:44Global Invacom acquires tech, assets of Apexsat for €0.25mSatellite communications equipment provider Global Invacom acquired the assets and intellectual property of Apexsat for €0.25m The acquisition would enable Global Invacom to manufacture products...
-
18 Jun
08:37Regency Mines investee company White Car enters voluntary liquidationRegency Mines said that a company in which it has invested, White Car, had entered voluntary liquidation. Regency Mines held its interest in White Car through subsidiary EsTeq. The EsTeq...
-
18 Jun
08:32First Derivatives takes full ownership of Kx Systems after purchasing outstanding stake for $53.8mFirst Derivatives took full ownership in Kx Systems after completing the purchase of an outstanding stake in the latter for $53.8m in cash. 'Since we acquired a controlling stake in Kx Systems in...
-
18 Jun
08:27Elegant Hotels Group completes refinancing of loans, facilitiesElegant Hotels Group confirmed that it had refinanced all of its loans and facilities following the commitment from lenders announced May. As a result of the refinancing, the loans and facilities...
-
18 Jun
08:25K3 expects results to be more second-half weighted than usual as 'high proportion' of deals set to close in Q4Business software supplier K3 said it expected full-results would be more second-half weighted than usual as a 'high proportion' of contracts that were expected to close in final quarter of the...
-
18 Jun
07:54BBGI to raise £75m through placing of shares to reduce debtBBGI detailed plans to raise up to £75m through the placing of shares at premium to pay down debt and pursue investment opportunities. The net proceeds would enable the company to pay down its...
-
18 Jun
07:48Oracle Power books annual loss as it develops Pakistan power plant planOracle Power booked a full-year loss as it continued to develop a proposed coal mine in power plant in Pakistan. Pre-tax losses for the year through December amounted to £880k, compared to losses...
-
18 Jun
07:43Mortgage Advice Bureau acquires 80% of First Mortgage Direct Limited for £16.5mMortgage Advice Bureau said it had agreed to acquire 80% of independent mortgage brokers First Mortgage Direct Limited for £16.5m. It had also entered into an option agreement to buy the remaining...
-
18 Jun
07:39Castleton Technology inks 4-year contract worth £1m with existing customerCastleton Technology signed a new four-year managed service contract, valued at £1.0m, with existing customer, Grand Union Housing Group. Alongside its document management solution, Castleton...
-
18 Jun
07:36Sound Energy launches $3m share issue; cuts executive director paySound Energy launched a $3.0m share placing to strengthen its cash position while it explores a sale of its asset portfolio in eastern Morocco. New shares in the company were being issued at 10p...
-
18 Jun
07:241pm business Positive Cashflow Financing meets earnings targets a year earlySpecialty finance provider 1pm said subsidiary Positive Cashflow Finance had reported profits in excess of earn-out targets set at the time it was acquired in July 2017. In accordance with the...
-
18 Jun
07:20Pelatro secures contract from Asian telecom companyMarketing software group Pelatro said it had been selected by 'a large telco in Asia' to implement its contextual marketing platform, on a license fee model. The company said it also continued to...
-
18 Jun
07:16AstraZeneca, Merck ovarian cancer drug gets regulatory nod in EUAstraZeneca and Merck said the European Commission had approved ovarian cancer drug as a front-line therapy following positive clinical trial results. The European Commission approval was based...
-
18 Jun
07:04Meggitt wins contract with Textron to supply fire protection systemsComponent and system supplier to the aerospace and defence industries Meggitt said it had secured a contract with Textron for the supply of fire protection systems on the Cessna Denali and...