Economic and Market News for 21 January 2020
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21 Jan
13:55Hardide issues shares at a premium to raise £2.5mCoating technology group Hardide said it had raised £2.5m via a share placing to fund the purchase of replacement and additional modern equipment. New shares in the company were issued at 63p...
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21 Jan
13:51Cambria Automobiles acquires Aston Martin, Rolls-Royce franchises in EdinburghCambria Automobiles said it had acquired an one Aston Martin franchise and a Rolls-Royce cars franchise in Edinburgh from the administrator of Leven Cars for £1.6m. The acquisition included one...
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21 Jan
13:45Elecosoft forecast improved annual resultsConstruction software group Elecosoft said it expected its annual results to be ahead of the prior year and in line with market expectations In a trading update for the year through December, the...
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21 Jan
13:36Greatland Gold hails reports drilling results at Firetower project in TasmaniaGreatland Gold said it had recorded positive results from an additional two wells drilled at its Firetower project in Tasmania, Australia. The company last year drilled 14 holes, which confirmed...
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21 Jan
13:30Jangada Mines starts drilling campaign at Pitombeiras vanadium project in BrazilJangada Mines said it had started a new 2,500 metres drilling programme at its Pitombeiras vanadium project in Brazil. Drilling would take place for 10 hours per day and was scheduled to be...
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21 Jan
13:23Caspian Sunrise to acquire shallow-water drilling vessel for $25m in sharesCaspian Sunrise said planned to acquire a vessel capable of drilling exploration wells in extremely shallow water for $25m in shares, in a related party transaction. The Caspian Explorer would be...
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21 Jan
13:17Egdon Resources sells 70% stake in North Sea licences to ShellEgdon Resources said it had agreed to sell 70% stakes in two exploration licences in the North Sea to Royal Dutch Shell. Licences P1929 and P2304 contain the Resolution and Endeavour gas...
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21 Jan
13:12TBC Bank obtains preliminary banking licence in UzbekistanGeorgian lender TBC Bank said it had obtained a preliminary banking licence in Uzbekistan. The company said the development was an essential step in the process of launching its banking operations...
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21 Jan
13:09Syncona portfolio company Freeline to present haemphilia treatment trial dataSyncona said portfolio company Freeline would disclose further data from a trial of a treatment for haemphilia at a key conference in the Netherlands. Freeline's second-phase trial was...
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21 Jan
13:06Aviva chairman Adrian Montague to retire this yearInsurance group Aviva said chairman Adrian Montague would retire in 2020 once a successor had been appointed. Montague noted that when he became chairman in 2015, the board had asked him to serve...
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21 Jan
09:49Joules profit falls sharply on disappointing Christmas periodFashion retailer Joules reported a sharp fall in profit owing to a disappointing Christmas period marred by online stock availability issues and one-off costs. For the 26 weeks ended 24 November,...
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21 Jan
09:45Base Resources reports positive testing results at Madagascar prospectBase Resources initial assay results from recent drilling on the Ranobe mineral sands deposit in Madagascar had revealed further high-grade mineralisation. Highlights included 15.7% heavy mineral...
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21 Jan
09:33UK unemployment rate steady at 3.8%; wages rise 3.2%The UK unemployment rate remained steady at 3.8% in the period from September to November, according to the Office for National Statistics, in line with market expectations. Average weekly...
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21 Jan
09:19Premier African Minerals welcomes supply of grid power to RHA tungsten minePremier African Minerals said commissioning of grid electrical power had taken place at its RHA tungsten mine in Zimbabwe. Chief executive George Roach said adequate power was now available to...
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21 Jan
08:30Oriole Resources wins minimum 10-year licence extension in SenegalOriole Resources said it had extended the licence period for a key gold prospect in Senegal. An exclusive exploration licence for the Dalafin project had exceeded its maximum tenure of nine years,...
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21 Jan
08:25Windar Photonics wins order in ChinaWind sensor technology group Windar Photonics said it had received an order in China for 100 of its WindVision systems. The systems would be added to CNR wind turbines, with installation and...
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21 Jan
07:57Mears sees underlying revenue rising 16%; poised to sell domiciliary care unitsHousing sector support provider Mears said it expected to report a 16% rise in underlying annual revenue, driven by its acquisition of MPS. The company also said it was at 'an advanced stage' in a...
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21 Jan
07:53Dixons Carphone like-for-like revenue flat as mobile business continues declineDixons Carphone reported flat like-for-like revenue growth over the key Christmas period despite a return to growth in its electricals business as its mobile business continued to decline. For...
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21 Jan
07:49PetroTal unveils $99m capital spending program for 2020Peru focused oil company PetroTal pegged its capital spending program in 2020 at $99m, to be funded with funds generated from operations and existing cash resources. The group said the program...
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21 Jan
07:45Pennant International acquires documentation software company Absolute DataTraining solutions provider Pennant International said it had agreed to acquire Brisbane-based technical documentation software company Absolute Data for up to A$6.5m (£3.44m). Half of the...
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21 Jan
07:41Versarien says continuing to progress US partnering opportunitiesAdvanced materials engineering group Versarien said it had continued to enter into confidentiality agreements in the US with potential partners. The agreements would examine collaborations and the...
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21 Jan
07:36Sensyne Health books first-half loss on higher R&D spendClinical AI technology group Sensyne Health posted a first-half loss, amid a rise in R&D and administrative spending. Pre-tax losses for the six months through October amounted to £9.9m,...
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21 Jan
07:30Velocity Composites agrees to supply materials kits to BoeingAdvanced materials group Velocity Composites said it had received approval from Boeing to supply structural composite material kits for the aircraft manufacturer's single-isle, narrow-body jet...
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21 Jan
07:27BP CFO Brian Gilvary to retireBP said chief financial officer Brian Gilvary would retire from his position at the end of June. Gilvary would be succeeded by Murray Auchincloss, currently CFO of BP's upstream segment....
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21 Jan
07:17Renewable Infrastructure Group acquires Scottish wind farmThe Renewable Infrastructure Group said it had acquired Blary Hill Energy, with the rights to construct a 35 megawatt wind farm on the Kintyre Peninsula in western Scotland, for an undisclosed...
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21 Jan
07:07TalkTalk sells fibre network assets to CityFibre Infrastructure for £200mTelecom company TalkTalk said it had sold its FibreNation broadband business and shareholding in Bolt Pro Tem to CityFibre Infrastructure for £200m, conditional on shareholder approval. The...