Economic and Market News for 21 August 2019
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21 Aug
14:52Alba Mineral Resources open to offers for Horse Hill oil project stakeAlba Mineral Resources said it would give 'serious consideration' to an offer for its stake in the Horse Hill oil project near Gatwick Airport in southern England. The company decided to consider...
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21 Aug
13:48Arc Minerals issues shares to cover drilling costsArc Minerals said it had issued new shares in the company to help cover drilling costs. The company issued around 1.56m shares at 4.5p each. The shares helped settle Arc Mineral's share of...
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21 Aug
13:22Yolo Leisure and Technology writes off TVPlayer stakeYolo Leisure and Technology said it had written off its investment in online television company TVPlayer. The company said its 3.3% stake in the business and £50k of convertible loan notes had a...
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21 Aug
09:41Hansteen earnings rise amid boost from property portfolio and higher rental incomeIndustrial property investor Hansteen reported a rise in earnings thanks to an increase in the value of its property portfolio and rental income. For the six months ended 30 June 2019, earnings...
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21 Aug
09:31Caspian Sunrise confirms first sale of oil from BNG Contrract Area; eyes flow tests at Deep Wells in few weeksCaspian Sunrise confirmed that it had signed a contract with an international oil trading group for the first sale of oil from the BNG Contract Area and said that wells A5 & A8 could be on a...
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21 Aug
09:15Edenville Energy adds new trucks to fleet in effort to cut mining costs at Rukwa coal project site in TanzaniaEdenville Energy said it had taken delivery of two recently acquired 30 tonne trucks to be used in mining load and haul at its Rukwa coal project site in Tanzania. Adding these new trucks to the...
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21 Aug
08:58GlaxoSmithKline submits renal anaemia drug application in JapanGlaxoSmithKline said it had submitted an application for a drug that treats renal anaemia in patients with chronic kidney disease to the Japanese health regulator. 'Around 3.5 million patients in...
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21 Aug
08:37Bahamas Petroleum expects first well exploration in H1 2020 after reaching series of agreementsBahamas Petroleum said it had entered into a series of agreements as part of a coordinated approach toward drilling its first exploration well in The Bahamas in the first half of 2020. The...
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21 Aug
08:07Brady warns on profits on lower revenueSoftware provider Brady warned on profits as revenue was expected to fall short after the company failed to convert the pipeline of business from new customers. 'The pipeline of revenue from new...
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21 Aug
07:59Blackbird to participate in Google Cloud Partner Pavilion at IBC 2019Cloud video platform company Blackbird said it would participate in the Google Cloud Partner Pavilion at IBC 2019. Blackbird would demonstrate its cloud video platform to visitors at the Google...
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21 Aug
07:57Wameja reports higher transaction volumes on Mastercard payments JVPayments company Wameja said flows across the HomeSend global payment hub had risen in the second quarter. Wameja was currently a joint venture partner in the hub with Mastercard. Gross value...
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21 Aug
07:57Asiamet signs MoU with China Nonferrous Metals to carry out next development phase of BKM copper projectAsiamet said it had signed a memorandum of understanding with China Nonferrous Metal Industry's Foreign Engineering and Construction, to carry out the next phase of development of the company's BKM...
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21 Aug
07:51PetroTal lifts output at Bretane field in PeruPetroTal said it had achieved production of around 5,500 barrels of oil per day from its Bretane field in Peru after completing drilling works. The company said it had completed the BN 95-2WD well...
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21 Aug
07:50Frontier, Science Group make progress on merger after reaching agreement on several milestonesFrontier Smart Technologies group and Science group made progress on their potential merger after striking several key agreements included a refinancing package that could help alleviate the...
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21 Aug
07:45MOD Resources shareholders to vote in October on acquisition by SandfireMOD Resources said it would hold a shareholder meeting in October to vote on its proposed acquisition by Sandfire Resources, with the deal having received approval from competition regulators in...
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21 Aug
07:41Randall & Quilter Investment inks pair of program partnershipsInsurance group Randall & Quilter Investment said two of its subsidiaries had completed a number of new program partnerships. Accredited Surety and Casualty Company, based in the US, had...
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21 Aug
07:36ReNeuron makes three new appointments to scientific advisory boardCell-based therapeutics developer ReNeuron said it had made three appointments to its scientific advisory board. They included Robert MacLaren, who was a professor of ophthalmology at the...
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21 Aug
07:31Hardide orders three new coating reactorsAdvanced surface coating technology provider Hardide said it had ordered three new coating reactors orders, boosting capacity and capability of its coating facilities in the UK and USA. Two of...
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21 Aug
07:26AstraZeneca combination lung cancer treatment fails to meet primary goalAstraZeneca said a clinical trial of its lung cancer treatment failed to meet its primary goal of improving survival rates compared with chemotherapy. In the primary analysis population of...
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21 Aug
07:25Regal Petroleum ups resource estimate at Vasyschevskoye prospect in UkraineRegal Petroleum upped the proven resource estimate at its Vasyschevskoye gas and condensate licence in Ukraine. Independent consultants DeGolyer and MacNaughton estimated that proved reserves at...
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21 Aug
07:04Regional REIT acquires six UK offices for £25.9mRegional REIT said it had acquired a portfolio of six UK office assets for a combined £25.9m. The offices were located in Birmingham, Bristol, Cardiff, Chester, Glasgow and Manchester. They had...