Economic and Market News for 18 December 2017

  • 18 Dec
    Wall Street starts the week higher

    US markets started the week on the front foot, tracking Europe higher, after Republicans reached agreement over proposed tax reform plans. The Dow was recently up 0.79% at 24,845.43, the S&P...

  • 18 Dec
    Active Energy CEO exercises 51.7m options and warrants

    Active Energy has issued 51,733,333 ordinary shares to chief executive Richard Spinks following the exercise of 40 million options and 1,733,333 warrants at 1.25p apiece. Spinks now holds...

  • 18 Dec
    Vast Resources CEO resigns

    Vast Resources said chief executive Roy Pitchford had resigned, effective December 31, as the company's focus had shifted to Romania from Zimbabwe. He would be replaced by Andrew Prelea, currently...

  • 18 Dec
    Gunsynd investment in Human Brands

    Gunsynd has invested £130,000 in Human Brands, a US-based premium spirits company, through a convertible loan note which will accrue interest at 9% per annum. The repayment of the loan note is...

  • 18 Dec
    Papua Mining applies for Australia exploration licence

    Papua Mining said it had applied for a new exploration licence near its Lighthouse gold project in Queensland, Australia. The award of the licence was subject to formal grant by the Queensland...

  • 18 Dec
    Magnit rating downgraded by S&P

    Russian retailer Magnit had its credit rating downgraded by Standard & Poor's to BB from BB+, based on weaker profits. The outlook on the rating was given as stable, reflecting expectations...

  • 18 Dec
    NB Private Equity November NAV up 0.1%

    NB Private Equity Partners said its net asset value per share rose by 0.1% in the month of November compared to October. The small rise brought the total year-to-date gain to 9.4%. At 9:15am:...

  • 18 Dec
    Proxama meets performance targets

    Proxama said it had established four revenue-generating location intelligence products, meeting a performance hurdle it set out in June. The company said it had also gathered location data from...

  • 18 Dec
    Herencia issues shares under Pastizal deal

    Herencia has issued 580,000,000 ordinary shares to Consultoria y Services Mineros SA under the agreement for the exploration of Pastizal, announced on 24 Oct. It said that as part of the terms of...

  • 18 Dec
    WPP buys stake in Hong Kong consultancy

    WPP said its marketing communications network Ogilvy & Mather has acquired a majority stake in Hong Kong-based digital consultancy ARBA for an undisclosed sum. ARBA's revenues were around HKD...

  • 18 Dec
    Man Group buys back shares

    Man Group bought back 300,000 ordinary shares for cancellation on Friday at a weighted average price of 201.8544p apiece under its US$100m share repurchase programme. At 8:44am: (LON:EMG) Man...

  • 18 Dec
    Chapel Down open offer to raise £1.47m

    Chapel Down has launched an open offer to raise up to £1.47m, gross, through the issue of 2,940,000 new ordinary shares at 50p apiece. This is to give shareholders who did not take part in last...

  • 18 Dec
    Vianet Group reclassified as technology company

    Vianet Group said its reclassification to the technology sub-sector of the FTSE index should bring it more attention. The switch, from a previous support services classification, became effective...

  • 18 Dec
    ULS Technology signs contract with Metro Bank

    ULS Technology said it had launched of a new conveyancing service for Metro Bank as part of a three-year contract. The bank has 54 stores and around 1.1m customer accounts. At 8:23am: (LON:ULS)...

  • 18 Dec
    Nektan issues shares to fund expansion

    Nektan has raised around £1.76m through a share issue to invest in its online gaming platform and help it expand into Asia and North America. New shares were issued at 21p each, a 21.4% discount...

  • 18 Dec
    Warehouse REIT acquires Plymouth property

    Warehouse REIT has acquired a warehouse in Plymouth from a client of BMO Global Asset Management for £4.3m, reflecting a net initial yield of 7.4%. The 66,000 square foot property sits on a 3.9...

  • 18 Dec
    Fusion Antibodies starts trading on AIM

    Fusion Antibodies has started trading on AIM with a market capitalisation of £18.1m having raised £5.5m through a conditional placing of 6,707,317 new ordinary shares at 82p apiece. The company...

  • 18 Dec
    MX Oil issues shares to pay debt

    MX Oil has agreed to repay £1.575m of outstanding short-term debt through a share issue. New shares in the company were issued at 0.8p each, a premium of around 90% to Friday's closing price of...

  • 18 Dec
    BP Marsh takes stake in EC3 Brokers

    B.P. Marsh & Partners, the venture capital provider to early stage financial services businesses, has announced an investment into EC3 Brokers Limited through a newly established company, EC3...

  • 18 Dec
    Ophir Energy pursues alternative LNG funding

    Ophir Energy said it and partners had decided to pursue an alternative funding option for the Fortuna floating liquefied natural gas project in Equatorial Guinea. Funding for up to $1.2bn would be...

  • 18 Dec
    Thalassa says CEO appointed at Autonomous Robotics

    Thalassa Holdings said Rafael Albea has been appointed chief executive of portfolio company Autonomous Robotics. Albea had been working for Aker Solutions, a global provider of products, systems...

  • 18 Dec
    Plus500 welcomes Europe regulatory update

    Plus500 said it welcomed an update from the European Securities and Markets Authority on looming new regulations for contracts for difference and other products offered to retail clients. The...

  • 18 Dec
    Totally company appoints new managing director

    Totally said Andy Gregory has been appointed managing director of subsidiary, Vocare, a provider of urgent care in the UK. The appointment was in a non-board capacity, it said. Gregory has worked...

  • 18 Dec
    Solo Oil technical director resigns

    Solo Oil said Fergus Jenkins had retired as executive technical director to pursue other business interests. He would remain as a non-executive director for the next six months, the company said....

  • 18 Dec
    Savannah estimates Portugal resource size

    Savannah Resources announced a maiden mineral resource estimate of 3.2m tonnes for the Reservatorio deposit, one of three targets currently being advanced at the Mina do Barroso lithium project in...

  • 18 Dec
    Triple Point acquires properties for £10.7m

    Triple Point Social Housing REIT has completed the acquisition of six supported housing properties, comprising 88 units in total, for a combined £10.7m. The properties are located in Lancashire...

  • 18 Dec
    Town Centre Securities to develop Leeds scheme

    Town Centre Securities has been selected by Leeds City Council to develop a new £20m housing scheme in George Street, Leeds. Work on site is due to commence in the first quarter 2019, with...

  • 18 Dec
    NextEnergy Solar Fund buys plants for £10.1m

    NextEnergy Solar Fund said it had paid £10.1m for two operating UK solar farms with a combined generation capacity of 8.6MW. The plants were acquired from different counterparties and comprise the...

  • 18 Dec
    Supermarket Income REIT raises Tesco store rent

    Supermarket Income REIT said an annual rent review at its Tesco superstore in Thetford, Norfolk, has resulting in an price increase of 3.7%. The rent would increase from £2,467,908 to £2,558,300...

  • 18 Dec
    Shefa Yamim admitted to LSE

    Israel-focused gem explorer Shefa Yamim has confirmed it will list on the London Stock Exchange today. Prior to admission, the company, which would have the ticker SEFA, was a 75%-owned subsidiary...

  • 18 Dec
    Mereo BioPharma plans US listing

    Mereo BioPharma Group said it is planning to conduct a registered initial public offering in the US in the first half of 2018. The number of shares and price of the proposed offering had not yet...

  • 18 Dec
    PowerHouse selects site for commercial facility

    PowerHouse Energy Group has agreed with Peel Environmental, a developer of infrastructure for the waste and environmental technology sectors, to sign a 25-year lease for the site of its first...

  • 18 Dec
    SuperGroup to supply gear to UK athletes

    SuperGroup said its Superdry Sport brand has been chosen as an official clothing supplier to the UK delegation for the 2018 Invictus Games in Sydney. The company's designers and technicians would...

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