Economic and Market News for 22 January 2020
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22 Jan
14:11Proton Motor Power Systems secures fuel-cell order in BelgiumFuel-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...
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22 Jan
14:06Barclays appoints outgoing BP CFO Brian Gilvary to its boardBarclays 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:...
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22 Jan
14:04Nostrum Oil & Gas receives no takeover bids; to shrink cost baseNostrum 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...
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22 Jan
13:56PPHE Hotel promotes Greg Hegarty to deputy CEO roleHotel 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...
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22 Jan
13:53Europa Metals halts drilling campaign at Toral project in SpainEuropa 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...
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22 Jan
13:47Pembridge Resources commences drilling at Minto mine in CanadaPembridge 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,...
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22 Jan
13:42Goldplat improves operating performance in South Africa and GhanaGold 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...
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22 Jan
13:27Breedon purchase of Cemex assets probed by competition regulatorBuilding 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...
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22 Jan
13:19Bango chairman David Sear stands downMobile 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...
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22 Jan
13:05IP Group sells part of Ceres Power stake to Bosch for £22.4mIntellectual 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%....
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22 Jan
09:38Tungsten CFO David Williams to stand downInvoicing 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...
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22 Jan
09:35United Oil & Gas hails Egypt production boostUnited 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...
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22 Jan
09:29Metals Exploration advances debt restructuring plansMinerals 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...
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22 Jan
09:20Vaalco Energy restores production at two wells offshore GabonVaalco 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...
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22 Jan
09:14Contango raises £1.4m through conditional equity placingNatural 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...
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22 Jan
09:12Oriole Resources reports positive test results at Bibemi gold project in CameroonOriole 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...
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22 Jan
09:04Regency Mines commences exploration work at Mambare play in AustraliaRegency 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...
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22 Jan
09:01Ariana Resources hails 'exceptional' sample results from Tavsan gold project in TurkeyAriana 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...
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22 Jan
08:38Bosch ups stake in Ceres Power with £38m investmentCeres 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...
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22 Jan
08:29Plutus PowerGen borrows £0.15m from executives as capital remains constrainedFlexible 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...
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22 Jan
07:45Victoria plans €170m corporate bond issueFlooring 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...
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22 Jan
07:38Berkeley ups shareholder returns by £455m over next two yearsHomebuider 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...
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22 Jan
07:09Sainsbury's appoints retail director Simon Roberts as its new CEOSupermarket 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...
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22 Jan
07:05Ted Baker overstates value of inventory by £58mFashion retailer Ted Baker said an independent review found that the company had overstated the value of its inventory by £58m. The figure was materially higher than a £20m-to-£25m preliminary...