Economic and Market News for 21 August 2019

Alba 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...

Arc 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...

Yolo 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...

Industrial 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...

Caspian 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...

Edenville 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...

GlaxoSmithKline 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...

Bahamas 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...

Software 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...

Cloud 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...

Payments 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...

Asiamet 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...

PetroTal 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...

Frontier 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...

MOD 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...

Insurance 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...

Cell-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...

Advanced 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...

AstraZeneca 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...

Regal 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...