Economic and Market News for 19 February 2021
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19 Feb
14:49HSBC hires Carolyn Fairbairn as non-exec director; joins board later this yearBanking group HSBC has appointed Dame Carolyn Fairbairn as an independent non-executive director, with the former director general of the Confederation of British Industry (CBI) set to join the...
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19 Feb
14:30Idox enters discussions with Dye & Durham to explore cash offerSoftware provider Idox confirmed it has entered into talks with Dye & Durham regarding a possible cash offer. The board said it has received three non-binding indicative proposals regarding...
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19 Feb
14:21Rotala confirms that a fire at its Heathrow depot left no-one injured; no damage to vehiclesBus operator Rotala has said that no staff were injured and neither are there any long-term financial consequences after it suffered a fire in the administrative offices of its Heathrow depot at...
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19 Feb
14:09Active Energy announces CLN restructuring and fundraising approved at general meetingBiomass-based renewable energy group Active Energy said the CLN restructuring and fundraising announced on 1 February 2021 received approval at its general meeting today (19 February). Chief...
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19 Feb
14:01Vela Technologies raises proceeds of £233,801 through disposal of some Kanabo sharesTechnology company investor Vela Technologies has generated proceeds of £233,801 through a disposal of 1,000,000 shares in Kanabo at a price of 23.5p per share which will be used to make further...
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19 Feb
13:51Aston Martin Lagonda confirms director departure after termination of agreement with Adeem/PW GroupLuxury carmaker Aston Martin Lagonda has announced that Amr AbouelSeoud, who has served as a director of the company since 7 September 2018, has stepped down from the board with effect from 18...
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19 Feb
13:36Time Finance hires former COO Edward Rimmer as interim CEOSME finance provider Time Finance has appointed Edward Rimmer as interim chief executive to replace outgoing Ian Smith. He has been hired to the role and as a director of the company with...
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19 Feb
13:27IMImobile announces scheme of arrangement becomes effective after Bidco cash offer; board members resignCloud software company IMImobile said a scheme of arrangement has come into effect, allowing a recommended cash offer by Bidco, an indirect wholly-owned subsidiary of Cisco, made on 7 December 2020...
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19 Feb
13:20Premier Foods non-executive steps downPremier Foods said non-executive director Shinji Honda is stepping down as of 25 March 2021, following his decision to retire from Nissin Foods Holdings Company. Yuichiro Kogo will be appointed as...
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19 Feb
13:11Vistry delays publication of full-year results after auditor requests 'flexibility'Housebuilder Vistry has announced a revised date for publication of its full-year results after its auditor PwC requested 'flexibility' to the current year-end timetable. Vistry confirmed its...
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19 Feb
09:54Jangada Mines raises £1.25m through equity placingNatural resources company Jangada Mines said it had raised £1.25 million through the placing of shares. The company placed 13,888,888 shares at a price of £0.09 per share, which was below the...
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19 Feb
09:36SourceBio awarded mobile Covid-19 testing contractSourceBio said it has entered into an agreement with outsourcing specialist Mitie Security to manage the delivery of Covid-19 testing services as part of the Department of Health and Social Care’s...
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19 Feb
09:32Cadence Minerals says DEV Mineracao preparing to ship iron ore from Amapa siteCadence Minerals said DEV Mineracao would now commence operations to ship sufficient iron ore to realise a US$10 million profit from the Amapa iron ore stockpiles in Brazil. The update comes as...
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19 Feb
08:44Allied Irish Bank sells long-term default non-performing loan portfolio for €0.4bnAllied Irish Bank said it had AIB said it had agreed to sell a non-performing loan portfolio in long-term default to Mars Capital Finance Ireland for €0.4 billion as part of an ongoing effort to...
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19 Feb
08:34Horizonte Minerals raises £18m through equity placingNickel development company Horizonte Minerals said it had raised gross proceeds of approximately £18.0 million from the placing of shares. A total of 162,718,353 shares had been placed with new...
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19 Feb
08:30TBC Bank sees profits slumpGeorgia-based TBC Bank reported a fall in annual profit in the fourth quarter due to lower interest rates and limited lending growth due to the pandemic. The bank said underlying profit fell to...
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19 Feb
08:15Urban Logistics acquires six sites for £27.8 millionWarehouse investor Urban Logistics said it has acquired six sites for £27.8 million. The acquisitions include four properties from Kinaxia Logistics for £17.3 million in Macclesfield, Telford,...
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19 Feb
08:08Daily Mail and General Trust agreed to sell EdTech business HobsonsDaily Mail and General Trust said it had agreed to sell Hobsons, its EdTech business, in two separate transactions, for approximately US$410 million. Hobsons' Naviance and Intersect businesses...
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19 Feb
08:0388 Energy eyes spud of Merlin-1 well in MarchOil and gas company 88 Energy said it was making progress toward the start of drilling at its Merlin-1 well in Alaska, which was set to spud in the first week of March. The mobilisation of...
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19 Feb
07:59GoldStone Resources secures permits to progress gold project in Ghana to development stageGoldStone Resources said both the mining operating permit and the water use permit for the company's Homase south pit within the AKHM project in Ghana had been awarded to the project. 'The...
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19 Feb
07:54Segro reported a rise in pre-tax profit of 10.8%Real-estate investment trust Segro reported a rise in pre-tax profit of 10.8% to £296.5 million for 2020. It said revenue for the year fell to £431.7 million, down from £432.5 million in 2019....
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19 Feb
07:49Kingspan profit rises in 2020, but flags ongoing rise in raw material pricesInsulation and building envelope business Kingspan reported a rise in profit in 2020, though said the ongoing increase in raw materials would continue and remain a challenge. For the year ended...
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19 Feb
07:37Civitas Social Housing secures new 7-year loan facility to support growth plansReal Estate investment company Civitas Social Housing said it had secured a new seven year interest only loan facility of £84.55 million from M&G Investment Management to support its growth...
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19 Feb
07:33NatWest reports loss, exits IrelandNatWest reported an operating loss of £351 million for 2020, down from £4.2 billion pre-tax profit last year. The bank said net impairment charges were £3.2 billion and announced it will pay a...
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19 Feb
07:19Assura completes Apollo acquisitionCare property investor and developer Assura said it had completed the acquisition of primary care developer Apollo Capital Projects Development. As well as expanding the Assura development team...