Economic and Market News for 22 January 2020

Fuel-cell developer Proton Motor Power Systems said it had received an order from E-Trucks Europe in Lommel, Belgium. The order was for further HyRange 45 hydrogen fuel-cell systems for refuse...

Barclays said it had appointed outgoing BP chief financial officer Brian Gilvary to its board as a non-executive director. Gilvary was retiring from the oil giant on 30 June. At 2:06pm:...

Nostrum Oil & Gas said it had not received any binding offers for the company after commencing a strategic review last June. Nostrum said it continued to work on the review and with adviser...

Hotel investor PPHE Hotel said it had promoted chief operating officer Greg Hegarty to the role of deputy chief executive. The company also prompted general council Inbar Zilberman to the role of...

Europa Metals said it would halt drilling at its Toral lead, zinc and silver project in Spain and instead focus on 'engineering and processing optimisation'. A current drilling campaign would...

Pembridge Resources said a drilling campaign had commenced at its Minto mine in Canada. A total of 53 holes were planned, targeting the identified deposits of Copper Keel West, Copper Keel North,...

Gold miner Goldplat said its operating performance had improved in both South Africa and Ghana in the first half, as it benefited from a higher gold spot price. The company's South African...

Building materials company Breedon confirmed that the UK competition regulator was investigating its proposed £178m acquisition of UK cement assets from Mexico's Cemex. Breedon said it expected to...

Mobile commerce company Bango said chairman David Sear had stood down after nine years in the position. Chief executive Ray Anderson had assumed the role of executive chairman, while Paul Larbey...

Intellectual property-based business IP Group said it had sold part of interest in portfolio company Ceres Power after Bosch had upped its holding in the latter to around 18%, up from around 4%....

Invoicing services provider Tungsten said chief financial officer David Williams would leave 'to pursue other opportunities and challenges'. Williams had agreed to stay at Tungsten for a six-month...

United Oil & Gas said Egyptian assets that it has agreed to acquire from Rockhopper Exploration had continued to flow at promising rates. The ASH-2 well came on stream on 2 January and had...

Minerals explorer Metals Exploration said its two major shareholders had agreed to acquire the rights and obligations of a $68.5m debt facility from lenders HSBC and BNP Paribas. The long stop...

Vaalco Energy said production had been restored at two wells located offshore Gabon. A recent workover restored production from the previously shut-in ETAME 10H and ETAME 4H wells and the...

Natural resources investor Contango said it had raised £1.4m through a conditional equity placing. The company placed 28m shares at 5p a share. Following the completion of the conditional...

Oriole Resources reported positive results from additional field work at its Bibemi gold project in Cameroon. Rock-chip sampling of quartz tourmaline veins were all mineralised, returning up to...

Regency Mines said exploration activities had commenced at its Mambare nickel-cobalt project in Australia. The company said 230 kilometers of line cutting had been completed and a ground...

Ariana Resources said that the sampled areas for its Tavsan gold project in Turkey were higher grade and would support a potential revised mineral resource estimate for the project. 'Some of...

Ceres Power said Bosch increased its total stake in the company by investing £38m to support its expansion into new markets. The investment – through a combination of new and existing Ceres...

Flexible energy generator Plutus PowerGen said it had agreed to borrow up to £0.15m from executive chairman Charles Tatnall and interim chief executive James Longley. The company reiterated that...

Flooring retailer Victoria said it planned to raise €170m from a corporate bond offering to pay existing bank debt. The company said it was issuing the senior secured notes due 2024 following...

Homebuider Berkeley detailed plans to increase its returns to shareholders by about £455m to £1bn over the next two years. The decision was made in light of the progress made in bringing forward...

Supermarket giant Sainsbury's said it had appointed Simon Roberts, its current retail and operations director, as its new chief executive. The company confirmed that current CEO Mike Coupe would...