Economic and Market News for 23 February 2021

Oil 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...

Mining 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....

Gold 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...

Technology 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...

Mining 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....

Fintech 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...

Oil 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...

Investment 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...

Property 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...

CIP 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...

Fertiliser 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...

Cruise 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...

UK 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...

Frasers, 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...

Technology 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...

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...

Sub-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...

Listed 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...

Cellular 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...

Oil 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...

Infrastructure 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...

Insurance 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,...