Economic and Market News for 18 June 2019

Greencoat 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...

International 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...

Clean 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...

Bluejay 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...

Simec 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...

Myanmar 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...

US 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...

Indivior 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...

Rolls-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...

Hurricane 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...

US 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...

Chaarat 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...

Water 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...

Helical 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...

Satellite 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...

Regency 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...

First 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...

Elegant 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...

Business 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...

BBGI 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...

Oracle 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...

Mortgage 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...

Castleton 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...

Sound 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...

Specialty 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...

Marketing 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...

AstraZeneca 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...