Economic and Market News for 20 January 2020

Mining 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...

Financial 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...

Oil 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...

Trafalgar 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...

Hutchison 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...

Frontier 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...

Echo 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...

Anglo 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...

Hydrogen 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...

Egdon 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...

Loo-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...

Tlou 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...

Fox 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...

Hostel 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...

John 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...

Eight 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...

Sabien 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...

Ventilation 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...

Real 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...

Intellectual 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...

Shopping 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...

UK 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...

Inspiration 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....

Symphony 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...

Graphene 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...

Resolute 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...

Venture 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...

Henry 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...

Touchstone 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....

Waste-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...

Mining 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...

Care 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...

Immunotherapy 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...

Specialist 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...

Rockfire 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...

Pharmaceutical company AstraZeneca said its liver cancer treatment had received orphan drug designation from the US Food and Drug Administration. Imfinzi (durvalumab) and tremelimumab, an...

Defence 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...

Rock 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...

Economic 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...