Economic and Market News for 22 May 2020
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22 May
14:03Hurricane Energy cuts output guidance after disappointing well testOil 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...
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22 May
13:37Great Western Mining signs option agreement to buy Olympic project in NevadaGreat 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...
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22 May
13:32Genedrive gets CE mark for Covid-19 testMolecular 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...
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22 May
13:27Eco Animal Health gets regulatory nod for pig respiratory disease treatmentAnimal 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...
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22 May
13:12Frasers eyes potential store openings from beginning of JuneSports 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...
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22 May
13:05Domino's Pizza shareholders approve sale of Norwegian businessDomino'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...
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22 May
09:48Concurrent Technologies appoints Brent Salgat as executive directorComputer 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...
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22 May
09:46Coro Energy acquires 15% stake in Duyung PSC in Indonesia from West Natuna ExplorationUpstream 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...
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22 May
09:45Metal Tiger invests in royalty company Trident ResourcesMining 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...
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22 May
09:39Tekcapital welcomes award in Florida for drone technology group GuidentIntellectual 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...
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22 May
09:13Codemasters to release Fast & Furious game in fiscal second quarterRacing 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...
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22 May
09:11Tiziana Life Sciences to spin off StemPrintER personalised medicine businessCaner 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...
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22 May
09:00DP Poland losses narrow as revenue rises 12%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...
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22 May
08:54Regal Petroleum records strong gas flows at Ukraine wellOil 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...
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22 May
08:49Prospex Oil and Gas books annual loss, says projects may be delayedOil 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...
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22 May
08:33IP Group's Oxford Nanopore Technologies in 'advanced development' of Covid-19 testIntellectual 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...
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22 May
08:06AstraZeneca, Daiichi Sankyo drug gets orphan designation to treat gastric cancerDrug 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....
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22 May
08:02Moss Bros notes Brigadier Acquisition has requested review of takeover rulingSuit 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...
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22 May
07:59Hikma Pharmaceuticals receives US approval for generic version of VascepaPharmaceutical 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...
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22 May
07:43Open Orphan launches £12m equity raising to fund Covid-19 tests, modelsPharmaceutical 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...
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22 May
07:36Synectics wins contracts from Stagecoach, casino companySurveillance 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'...
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22 May
07:24Time Out launches £49m equity raising to weather Covid-19 downturnFood 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...
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22 May
07:06Vodafone appoints outgoing Heineken CEO as chairmanTelecom 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...
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22 May
07:03UK retail sales plunge 18.1% in AprilUK retail sales plummeted by a record 18.1% in April, according to the Office for National Statistics. The drop was deeper than market expectations for a 15.8% fall. Story provided by...