Economic and Market News for 20 November 2020

Finsbury Growth and Income Trust has issued 50,000 new ordinary shares of 25p from its block listing authority of 2 July 2020 at a price of 852 pence per share. The company has the ability to...

Technology company Avon Rubber has confirmed that current chair David Evans will retire from the board on 2 December 2020, to be replaced by Bruce Thompson. Pim Vervaat will also stand down from...

Princess Cruises is extending its pause in global operations in response to the coronavirus pandemic. It said this will allow it to prepare ships so they meet current Centers for Disease Control...

Euronext shareholders have approved the proposed acquisition of the Borsa Italiana Group from the London Stock Exchange Group (LSEG). In preparation of the acquisition, Borsa Italiana chair Andrea...

Jangada Mines said ValOre Metals, in which the company held a 17.68% interest, released a report showing results from sampling at its Pedra Branca project showed a high value of rhodium....

Surgical and advanced wound care company Advanced Medical Solutions said it had received a CE mark approval for its silicon PHMB foam dressing, paving the way for the product to be marketed in...

Block Energy said it expected to complete the acquisition of Schlumberger Rustaveli Company on 23 November. On completion, Block would take possession of approximately 29,000 bbls of crude oil...

Infrastructure solutions company Costain said it had appointed Helen Willis as chief financial officer starting 30 November. Willis would join Costain on 23 November to commence a handover prior...

Alba Mineral Resources said it had won the exclusive exploration rights to the Gwynfynydd gold mine in north Wales. The Gwynfynydd gold mine was the second largest producer of gold in the UK's...

Foreign exchange services provider Argentex reported a fall in profit as clients deferred trading activity amid global market uncertainty. For the six-month period ended 30 September 2020,...

Gold exploration and development company ECR Minerals said it would make an 'accelerated push' toward exploration work and drilling of key targets at its HR3 prospect within the Bailieston project...

Pharmaceutical group Diurnal said it had been granted a patent for Alkindi by the European Patent Office. The patent, EP2780003, further expands the company's 'strong exclusivity position for...

Infrastructure investment company BBGI Global Infrastructure said it had completed its equity placing, raising gross proceeds of £55.0 million. The company issued 32,544,379 shares at a price...

Private equity firm Apax Global Alpha said the Apax IX Fund, in which the company was a limited partner, announced that it had agreed to sell its stake in ECI Software Solutions to Leonard Green...

Cruise operator Carnival said it had closed its previously announced offering of 49.2 million shares of its common stock at a price of $18.05 per share to a limited number of holders of its 5.75%...