Economic and Market News for 22 May 2020

Oil company Hurricane Energy downgraded its annual production guidance after recording disappointing test results at a UK well. Hurricane had been testing two Lancaster early production system...

Great Western Mining said it had signed an option agreement with a subsidiary of Ely Gold Royalties to acquire the Olympic gold project in Nevada. The project comprised 48 mineral prospective for...

Molecular diagnostics company Genedrive said its SARS-CoV-2 testing kit had received a CE-IVD mark and was now available for commercial sale across the European Union, including the UK. Obtaining...

Animal drug company Eco Animal Health said it had received a positive opinion from the European Medicines Agency for the use of Aivlosin water-soluble granules for the treatment of Mycoplasma...

Sports and other merchandise retailer Frasers said it had noted government proposals for a phased reopening of retail stores, which it said could potentially see its outlets begin to open from 1...

Domino's Pizza Group shareholders approved sale of the company's Norwegian business to its minority holders, Pizza Holding and EYJA Fjarfestingafelag III. Approval of the transaction meant the...

Computer boards maker Concurrent Technologies said it had appointed Brent Salgat as an executive director. Salgat had extensive technical, sales, and management experience gained over the last 32...

Upstream oil and gas company Coro Energy said it had acquired a 15% stake in the Duyung PSC, located in Indonesia, from West Natuna Exploration after meeting all regulatory requirements. The...

Mining investor Metal Tiger said it had invested £0.57m in mining royalty and streaming company Trident Resources. The investment, at a placing price of 20p per share, was part of a £16m capital...

Intellectual property investor Tekcapital said fully-owned subsidiary Guident had won a Florida Atlantic University tech competition as one of the most promising startups in South Florida. Guident...

Racing game developer Codemasters said it would launch the Fast & Furious racing game in the second quarter of its current financial year, being the three months to 30 September. The launch...

Caner and inflammatory diseases focused Tiziana Life Sciences said it planned to demerge its StemPrintER genomics-based personalised medicine business into a separate company. The company said...

DP Poland, operator of Domino's Pizza brand in Poland, reported narrower losses on higher revenue. For the full year to 31 December 2019, pre-tax losses narrowed to £3.5m from £3.8m on-year as...

Oil company Regal Petroleum said strong gas and condensate flows had been recorded at a well just completed at its Svyrydivske field in Ukraine. The SV-54 development well was drilled to a final...

Oil company Prospex Oil and Gas booked a full-year loss and said projects its developing in Europe could be delayed by the Covid-19 crisis. Pre-tax losses for the year through December amounted to...

Intellectual property investor IP Group said its portfolio company Oxford Nanopore Technologies had announced that it was in advanced development of an end-to-end test for the detection of the...

Drug companies AstraZeneca and Daiichi Sankyo said a drug to treat patients with gastric cancer, including gastroesophageal junction cancer, had been granted orphan drug designation in the US....

Suit retailer Moss Bros said it had noted that Brigadier Acquisition had requested a review a of UK's takeover panel decision related to its attempt to drop a bid for the company. The outcome of...

Pharmaceutical company Hikma Pharmaceuticals said it had received approval from US health authorities for a generic version of Amarin's drug used to treat cardiovascular disease. The company had...

Pharmaceutical services company Open Orphan launched a £12m share issue to fund the development Covid-19 antibody tests and vaccine study models for the disease. New shares in the company were...

Surveillance systems group Synectics said it had won two multi-year contracts with existing long-term customers. The company said it systems division has won a five-year 'multi-million dollar'...

Food court and publishing group Time Out launched a share issue to raise up to £49m to help it weather the Covid-19 storm. New shares in the company were being issued at 35p each in a £45m placing...

Telecom group Vodafone said it had appointed Jean-Francois Van Boxmeer as its new chairman in waiting. Van Boxmeer would replace Gerard Kleisterlee in the role on 3 November. He was currently...