Economic and Market News for 20 January 2020
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20 Jan
14:06Metal Tiger welcomes Botswana approval of Kalahari Metals dealsMining group Metal Tiger welcomed news that Kalahari Metals had received approval from the Botswana government to invest in Kitlanya and Triprop. Kalahari Metals, of which Metal Tiger currently...
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20 Jan
13:52Aptitude Software says potential accounting standard delay is hurting salesFinancial management software group Aptitude Software said speculation that the introduction of new accounting standards could be deferred had delayed a small number of sales opportunities. The...
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20 Jan
13:38Star Phoenix wraps up sale of Trinidad assets to LandOcean Energy ServicesOil company Star Phoenix said a planned sale of assets in Trinidad had been approved by the shareholders of buyer LandOcean Energy Services. 'As all key conditions for the transaction have been...
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20 Jan
13:36Trafalgar Property exercises options for English landTrafalgar Property said it had exercised options over land in Ashtead Surrey, England for which planning permission had been achieved for the construction of three new family houses. 'The group...
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20 Jan
13:33Hutchison China MediTech reports positive treatment study resultsHutchison China MediTech reported a positive study result for a potential treatment for pancreatic neuroendocrine tumors. An independent data monitoring committee of a third-phase pivotal study of...
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20 Jan
13:27Frontier IP portfolio company Vaccine Group raises capitalFrontier IP, a specialist in commercialising university intellectual property, said portfolio company The Vaccine Group had raised £0.68m through its first equity funding round. The proceeds would...
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20 Jan
13:24Echo Energy, Selva Maria Oil report promising early results from Argentina wellEcho Energy said it and Selva Maria Oil had decided to further test a well in Argentina that showed promising initial results. The Campo Limite exploration well had been drilled to a total depth...
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20 Jan
13:19Anglo African Oil & Gas welcomes Fortum Energy Services as key investorAnglo African Oil & Gas said Riverfort Global Opportunities and YA II PN had sold their entire interests in the company, held through an investor sharing agreement, for a combined £0.42m. The...
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20 Jan
13:10AFC Energy raises capital for development of electrical vehicle chargerHydrogen generation technology group AFC Energy said it had raised £1m via an issue of shares to a single investor. New shares in the company were offered at 17p each. AFC Energy said the...
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20 Jan
12:58Egdon Resources extends deadline for North Sea assets sell downEgdon Resources said it had extended the deadline for it to complete a sale of a stake in two exploration licences in the North Sea. The company had previously announced that it was in exclusive...
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20 Jan
12:49Financial Conduct Authority to take no action against AccrolLoo-roll maker Accrol said UK authorities had closed an investigation into the company and would not be taking any action. Britain's Financial Conduct Authority had been probing market statements...
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20 Jan
09:49Tlou Energy progresses financing talks for Botswana power projectTlou Energy said it had progressed financing talks for its 10 megawatt Lesedi gas-to-power project with the Botswana Development Corporation. The company said it had received an indicative...
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20 Jan
09:36Fox Marble block processing factory doubles capacity on higher demandFox Marble said its block processing factory at Lipjan in Kosovo had doubled output, moving to two daily production shifts following a surge in client demand. The higher demand followed the...
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20 Jan
09:26Hostelworld says annual results in line with its expectationsHostel online booking platform Hostelworld confirmed that results for the full year were in line with its expectations. The company also said it would detailing its strategy update and full year...
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20 Jan
09:22John Lewis of Hungerford chairman Gary O'Brien resignsJohn Lewis of Hungerford said chairman Gary O'Brien had resigned with immediate effect. Kiran Noonan, managing director, had been appointed as acting chairman with until a permanent chairman was...
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20 Jan
09:20Eight Capital places further €90K of bonds on Vienna Stock ExchangeEight Capital said it had placed a further €90K of its bonds on the Vienna Stock Exchange's multilateral trading facility. The funds raised would be used to make new investments. The bonds were...
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20 Jan
09:14Sabien Technology confirms reverse takeover talks with PtarmiganSabien Technology said it was in preliminary discussions regarding a possible reverse takeover of Swiss health and leisure resort developer Ptarmigan. The company's announcement followed media...
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20 Jan
09:10Volution chairman Peter Hill to step down at end of JanVentilation products suppler Volution said Peter Hill would retire as chairman at the end of January to allow Paul Hollingworth to assume the chairmanship from 1 February, the start of the...
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20 Jan
09:10Real Estate Credit Investments makes commitments of £105.7m in DecemberReal Estate Credit Investments said it had made commitments of £105.7m during December across four deals. They included a £38m loan to a portfolio of 17 properties, located across the UK and a €4m...
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20 Jan
09:07Tekcapital portfolio company Lucyd to launch new smart glassesIntellectual property investment group Tekcapital said portfolio company and smart glasses developer Lucyd would launch its third line of Bluetooth eyewear later this month. The prescription...
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20 Jan
09:05Intu plans equity raising to cut debtShopping mall investor Intu properties said it was engaged in constructive discussions with shareholders and potential new investors on a proposed equity raise. The raising, expected at the end...
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20 Jan
08:56UK stocks open 0.1% lower in thin trade; Fevertree tanksUK stocks opened modestly lower on Monday amid thin trading on a US public holiday, with tonic water maker Fevertree Drinks tanking 20% on the back of disappointing trading update. At 0843, the...
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20 Jan
08:40Inspiration Healthcare receives order from Sri Lankan Ministry of HealthInspiration Healthcare confirmed that it had received an order from Sri Lankan health officials to supply 15 HIE workstations, used for diagnosing and treating breathing problems in newborns....
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20 Jan
08:27Symphony International fully exists IHH Healthcare investmentSymphony International said it had fully exited its investment in Malaysian hospital owner IHH Healthcare Berhad. Symphony had invested about $50m in Integrated Healthcare Hastaneler Turkey in...
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20 Jan
08:26Directa Plus teams up with Comerio Ercole to explore graphene-based productsGraphene products maker Directa Plus said it had signed an agreement with Comerio Ercole to pursue joint research and development projects using the company's G+ technology. Comerio, an Italian...
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20 Jan
08:22Resolute Mining extends gold hedging positionResolute Mining said it had taken advantage of higher gold prices to extend its hedging position. The company said it forward sold an additional 37,200 ounces of gold at an average price of $1,562...
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20 Jan
08:03TMT Investments valuation increases thanks to positive portfolio developmentsVenture capital company TMT Investments said its valuation had increased due to positive developments in its portfolio. TMT said the combined effect of portfolio revaluations represented about 5c...
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20 Jan
08:00Henry Boot says performance in 2019 was 'marginally' below expectationsHenry Boot said performance for 2019 fell 'marginally' short of its expectations as the sale of the majority of its retail investments during the second half of the year kept a lid on rental...
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20 Jan
07:57Touchstone Exploration hails positive test results at Trinidad and Tobago wellTouchstone Exploration recorded positive initial test results from a well in Trinidad and Tobago and said it was bringing in more equipment to measure high volumes of both natural gas and liquids....
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20 Jan
07:48Renewi warns of €25.5m exceptional charge; pursues Dutch dual listingWaste-to-products group Renewi warned it would record a €25.5m exceptional charge in its annual results, owing to a new Dutch tax and Brexit hurting a key contract in Holland. The company also...
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20 Jan
07:47Sirius Minerals agrees to be acquired by Anglo American for £404.9mMining company Anglo American said it had made a formal £404.9m takoever bid for Sirius Minerals and that it had been accepted by the British fertilizer hopeful's board. Anglo American had...
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20 Jan
07:40Target Healthcare acquires Cheshire care home development for £9.7mCare home investor Target Healthcare said it had acquired a new development site in Cheshire for £9.7m. The acquisition came as the company continued to deploy proceeds from a recent capital...
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20 Jan
07:38Scancell forms research pact with US antibody companyImmunotherapy developer for cancer Scancell said it had signed a collaboration and research agreement with a US-based, clinical-stage antibody company that it did not identify. The non-exclusive...
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20 Jan
07:34Warehouse REIT lifts dividend; seals leasing dealsSpecialist warehouse investor Warehouse REIT boosted its third-quarter dividend and said it had secured a rental uplift of 6.4%, from 24 new lettings and 20 lease renewals. The company declared a...
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20 Jan
07:28Rockfire Resources starts drilling campaign at Plateau gold deposit in AustraliaRockfire Resources said drilling had commenced to expand gold mineralisation encountered at its Plateau gold deposit in Australia's Queensland state. The drilling would pick up on the results of a...
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20 Jan
07:27AstraZeneca cancer treatments gets US orphan drug designationPharmaceutical company AstraZeneca said its liver cancer treatment had received orphan drug designation from the US Food and Drug Administration. Imfinzi (durvalumab) and tremelimumab, an...
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20 Jan
07:16BAE Systems to acquire Collins Aerospace GPS business for $1.93bnDefence company BAE Systems said that it had entered into an agreement to acquire Collins Aerospace's military global positioning system business for $1.93bn. The company also entered into an...
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20 Jan
07:15Drilling group Mincon acquires Finland's Lehti for €8mRock drilling tool specialist Mincon said it had acquired Finland's Lehti for €8m, to further enhance its manufacturing capability in the geotechnical and construction market. Lehti was already a...
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20 Jan
07:11Sequoia Economic Infrastructure Fund plans equity raise for acquisitionsEconomic infrastructure debt investor Sequoia Economic Infrastructure Fund said it planned to launch an equity raising to repay debt and help fund acquisition opportunities. Any issue of shares...
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20 Jan
07:05M&C Saatchi sees profit in line, better-than-expected cash positionAdvertising company M&C Saatchi said it expected its annual underlying profit to be in line with the downgraded guidance it delivered last month. In a short trading update for the year through...