Economic and Market News for 18 August 2020

Reabold Resources and Union Jack Oil both noted that preliminary drilling works were about to commence at the West Newtown project in Yorkshire. Project operator Rathlin had told local residents...

Russia-focused Eurasia Mining said it had raised $10m from a share issue to fund a scaling up of production at the West Kytlim platinum and gold project. New shares in the company were offered at...

US privately-owned housing units authorized by building permits jumped 18.8% in July to a seasonally adjusted annual rate of 1.50m, according to the Census Bureau. The market had been expecting a...

Oncology, inflammation and infectious disease focused Tiziana Life Sciences said it had been grated a patent in the US related to its Formulab antibody. The US Patent and Trademark Office had...

Alternative fuels group Quadrise Fuels International said it had entered into a commercial trial agreement for use of its technology with Greenfield Energy, which is a joint venture between Valkor...

Cell-based therapy developer MaxCyte said it had expanded a trial of a cancer treatment being conducted by subsidiary Carma Cell Therapies. The ongoing phase-one intraperitoneal delivery and...

Oilfield services technology and equipment supplier Enteq Upstream has been awarded a contract by a new strategic partner in the Kingdom of Saudi Arabia, Sawafi Aljazeera Oilfield Products and...

Doorstep lender Morses Club said digital division Shelby Finance had entered into a supplier relationship with digital payments provider Modulr Finance. The relationship related to Shelby's U...

Digital music rights investor One Media iP said it had raised £6m from an equity raising to fund the acquisition of more music rights. New shares in the company were issued at 7p each,...

Biotherapeutics group Avacta has announced the expansion of its partnership with LG Chem Life Sciences to include additional drug development programmes incorporating Avacta's Affimer XT...

Cruise operator Carnival said it has launched an investigation and notified law enforcement after it detected a ransomware attack on 15 August. Carnival corporation and Carnival plc said that the...

London Southend Airport owner Stobart said low-coat carrier Easyjet would cease operations at the airport amid a pandemic-related slump in travel markets. EasyJet had confirmed the close of its...

Food delivery company Just Eat Takeaway.com has announced it has issued additional shares. In connection with existing employee share and option plans, the company has issued 2,392 shares in Just...

Food services company Compass has appointed Ian Meakins as non-executive chairman and a director, taking over as chairman on 1 December 2020 when Paul Walsh steps down. Meakins, who was previously...