Economic and Market News for 19 January 2018

Plaza Centers said the receipt of proceeds from an agreed sale of property in Bangalore had ceased after Indian authorities proposed a change to the use of land. Plaza Centers agreed to sell its...

Cineworld Group said its largest shareholder, the Greidinger family, transferred its 28% stake in the company to from Global City Holdings to a subsidiary, Global City Theatres. The move was part...

Dolphin Capital Investors has agreed to sell its 77.8% interest in the Sitia Bay residential resort development in eastern Crete to minority partner in the project, Iktinos Hellas, for up to €15m....

BlackRock Frontiers Investment Trust said its net asset value increased by 2.8% in December, bringing the return for the full year to 19.9%. At 1:33pm: (LON:BRFI) Blackrock Frontiers Investment...

Telecom giant BT Group said the UK's High Court had rejected its request to change the index it uses to calculate certain pension increases. The company wanted to switch from using the retail...

Mongolia-focused oil explorer Petro Matad has completed a $16m share issue, allowing it to fund up to four new wells. New shares in the company were issued at 6.5p each, representing an 11.5%...

Shire said Thomas Dittrich would assume his role as chief financial officer, and become an executive director, on March 19, 2018. At 10:03am: (LON:SHP) Shire PLC share price was +49.5p at 3502p...

APQ Global has announced that at the close of business on 31 Dec the unaudited book value per ordinary share was $1.2811. The company has adopted the US dollar as its functional and presentational...

UK retail sales slumped 1.5% in December compared to November, according to the Office for National Statistics. The fall was deeper than market expectations of an 0.8% decline. Story provided by...

GCP Infrastructure Investments' board has declared a dividend of 1.9p ordinary share for the three months to the end of December. The dividend will be paid on 23 Feb to holders of ordinary...

CLS Holdings has appointed Whitman Howard as the company's joint broker alongside Liberum Capital with immediate effect. At 9:26am: (LON:CLI) CLS Holdings PLC share price was +1.75p at 234.75p...

Dunedin Enterprise Investment Trust is to return £10.3m to shareholders via an issue of B shares following the realisation of Innova/5 LP announced on 22 Dec. This follows the first issue of B...

Beximco Pharmaceuticals has acquired a majority stake in Nuvista Pharma Limited, a leading pharma company in Bangladesh specialising in hormones and steroid drugs. Beximco Pharma said it had...

APQ Global's board has declared a dividend of 1.5p per share for the quarter to 31 Dec. The dividend will be paid on 2 Mar to shareholders on the register at the close of business on 2 Feb and...

Inland Homes transferred 175,000 ordinary shares from treasury to satisfy employee share options exercised within the terms of the company's unapproved share option scheme. At 9:06am: (LON:INL)...

Diageo bought back 405,359 ordinary shares yesterday at the volume weighted average price of 2,611.54p apiece for cancellation. At 9:04am: (LON:DGE) Diageo PLC share price was -2.25p at 2616.75p...

Kingfisher bought back 277,771 ordinary shares yesterday at an average price of 342.2259p apiece for cancellation. At 9:00am: (LON:KGF) Kingfisher PLC share price was -10p at 334p Story...

Man Group bought back 95,922 ordinary shares yesterday for cancellation at a weighted average price of 213.1902p apiece under its US$100m repurchase programme. At 8:53am: (LON:EMG) Man Group PLC...

Blackstone/GSO Loan Financing's board has declared a dividend of €0.025 per euro share for the quarter ended 31 Dec. The dividend will be paid on 23 Feb to shareholders on the register as at...

Russian gold producer Polyus launched a $250m convertible bond offering to refinance debt and for general corporate purposes. The bonds, due in 2021, were expected to carry a coupon of between...

Pallet provider RM2 International said it expected to have sufficient cash to continue operating through the third week of February. The date, however, could vary depending on the outcome of...

Motif Bio has filed a shelf registration statement with the US Securities and Exchange Commission, which it said would provide it with more timely and efficient access to the US capital markets....

United Oil & Gas noted that operator Po Valley Energy had confirmed a significant gas discovery at the Selva gas field in Italy. United has a 20% interest in the field. One of the Podere...

Currency manager Record said it boosted assets under management in the third quarter and added a new client. Assets under management equivalents rose by 4.4% to $63.9bln compared to the second...

Prospex Oil and Gas said operator Po Valley Energy found testing operations confirmed a significant commercial gas discovery at the Podere Maiar-1d appraisal and redevelopment well in Italy....

Venture capital group Sure Ventures said its shares would commence trading on the specialist fund segment of the London Stock Exchange today. In tandem with the admission, the company raised...