Economic and Market News for 23 February 2021
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23 Feb
09:59Kosmos Energy plans $400 billion bond offering to fund debt repaymentOil and gas company Kosmos Energy said it intended to offer $400 million aggregate principal amount of senior notes due 2028. The net proceeds from the offering would be used to repay outstanding...
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23 Feb
09:58Rainbow Rare Earths says Gakara processing plant to cost $35.2mMining group Rainbow Rare Earths said an updated feasibility study had pegged the construction cost of a processing facility in South Africa for its Gakara rare earths project at $35.2 million....
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23 Feb
09:49Goldplat touts progress on sale of Kilimapesa mine to Mayflower GoldGold producer Goldplat touted progress on efforts to conclude its sale of the Kilimapesa gold mine in Kenya to Mayflower Gold Investments. The formal legal documentation, which includes the share...
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23 Feb
09:35First Derivatives makes £10m gain on sale of Quantile TechnologiesTechnology provider First Derivatives said it had agreed to sell part of its investment in Quantile Technologies to Spectrum Equity for £11 million. The sale represented a total gain of £10...
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23 Feb
09:34Strategic Minerals investigates possible extensions at Redmoor playMining group Strategic Minerals said its Cornwall Resources unit was investigating the possible presence of extensions of mineralisation to the west of the presently established Redmoor resource....
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23 Feb
09:30SimplyBiz says Zahid Bilgrami standing down; John Milliken to lead DefaqtoFintech group SimplyBiz said Zahid Bilgrami, the head of its recently acquired research business Defaqto, was standing down. Bilgrami had been working on his departure for six months and was...
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23 Feb
09:23Serinus Energy reports positive flow testing at Romania gas wellOil company Serinus Energy announced positive flow testing results for its Moftinu-1008 well in Romania. The well flowed 4.0 million standard cubic feet per day on test, having being drilled to a...
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23 Feb
09:20Kazera Global hails progress of diamond production in South Africa; expects update on investment in coming weeksInvestment company Kazera Global said its diamond production in South Africa was nearing levels of self-funding and would soon be able to contribute to the overall costs of the group. 'As soon...
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23 Feb
09:18Sigma Capital, Springfield commence home development in ScotlandProperty developer Sigma Capital announced the launch of its first private rental sector project in Scotland with Springfield Properties. The site would comprise 75 family rental homes with a...
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23 Feb
09:12CIP Merchant Capital to move ahead with objectives after Corporation Financiere Europeenne ends takeover pursuitCIP Merchant Capital pledged to move ahead with its strategic objectives to create long-term value for shareholders after Corporation Financiere Europeenne ended its takeover pursuit of the...
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23 Feb
09:09Sunrise Resources perlite quality adversely affected by over-crushingFertiliser producer Sunrise Resources said it had over-crushed perlite at its CS project in Nevada, diminishing the product's quality. The company had recently sent trial batches of pozzolan and...
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23 Feb
08:58Carnival Corporation launches $1 billion equity offeringCruise operator Carnival Corporation said it had launched an offering of $1 billion of shares to raise cash for general corporate purposes. At 8:58am: (LON:CCL) Carnival PLC share price...
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23 Feb
08:45FTSE opens higher as Intercontinental Hotels pleases; HSBC disappointsUK stocks opened higher on Tuesday, even as the unemployment rate rose, as some large local companies released mixed earnings results. At 0827, the benchmark FTSE 100 index was up 21.22 points, or...
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23 Feb
08:06Frasers warns of more than £100m writedown of assets on lockdown impactFrasers, formerly Sport Direct, warned of a non-cash writedown of more than £100 million on its asset values including freehold properties owing to the impact of the current lockdown and shift in...
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23 Feb
07:59Vela Technologies raises £1.5m for investments, working capitalTechnology business investor Vela Technologies said it raised £1.5 million from a share placing 'to take advantage of investment opportunities and for general working capital purposes'. New...
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23 Feb
07:48G4S says £3.8bn takeover by Allied Universal set for 'positive conclusion'Security G4S said its £3.8 billion takeover by Allied Universal is set for a 'positive conclusion' after rival bidder Garda World declared that its 235 pence per share offer was final. 'The...
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23 Feb
07:40Non-Standard Finance plans 'substantial' equity raising as pandemic bitesSub-prime lender Non-Standard Finance said it was planning a 'substantial' equity raising as the pandemic shrinks the size of its loan book. Non-Standard Finance said it needed to strengthen its...
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23 Feb
07:36HICL on track to deliver dividend target; reaffirms 2022 dividend targetListed infrastructure investment company HICL said it remained on track to deliver its dividend target as the impact of pandemic lockdowns had 'largely been mitigated.' The company remained on...
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23 Feb
07:25Zotefoams commences production from £23m plant in PolandCellular materials group Zotefoams said a new £23 million plant in Brzeg, Poland had commenced production this month. The plant, under construction since February 2019, was built in a key...
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23 Feb
07:22Premier Oil merger with Chrysaor receives all regulatory approvalsOil company Premier Oil said all regulatory conditions related to its planned merger with Chrysaor had been satisfied. The deal now only remained subject to sanction by a Scottish Court of...
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23 Feb
07:17Sequoia Economic Infrastructure launches £172.9m equity raisingInfrastructure investor Sequoia Economic Infrastructure Income Fund launched a £172.9 million share placing to pay down debt and pursue investment opportunities. New shares in the company were...
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23 Feb
07:12Aviva sells French business for €3.2bnInsurance company Aviva sold its French business to Aema Groupe for €3.2 billion as part of a plan to focus on its UK, Ireland and Canada businesses. The transaction covered Aviva's French life,...
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23 Feb
07:12Standard Life Aberdeen to acquire Phoenix investment platform for £62.5mInvestment manager Standard Life Aberdeen said it would acquire investment platform businesses from insurance partner Phoenix for £62.5 million, while extending and simplifying their existing...