Economic and Market News for 23 August 2019

Water treatment group Modern Water said chairman Alan Wilson had resigned, with immediate effect. He was replaced by current director Piers Clark. At 2:55pm: (LON:MWG) Modern Water PLC share...

Jersey Oil and Gas said it had been awarded an additional block in the UK's latest licencing round. The additional Greater Buchan Area acreage in Block 21/2a included the Glenn oil discovery and...

Live Company said it had appointed Andy Smith as deputy chairman of its Lego-based attractions business Bricklive. Smith would consequently step down as chief strategic officer of Live Company and...

Kodal Minerals said it had lodged an environmental and social impact statement for a proposed open pit mining and processing operation at its Bougouni lithium project in Mali. The submission to...

Energy storage group ITM Power welcomed news that the Australian government would support a project for which it was supplying an electrolyser. The government said it would back BOC to produce...

Jubilee Metals said it had completed its acquisition of Sable Zinc Kabwe from Glencore for up to $12m, giving it control of a multi-metal refinery project in Zimbabwe. The company said the deal...

Consultancy firm Science Group said it had lifted its stake in Frontier Smart Technologies to 52.3% after spending £1m buying more shares in the digital radio company. Frontier's net assets would...

Lekoil said it had agreed to a 45% stake in the oil prospecting licence 276, covering onshore area in the eastern Niger Delta basin for $5m. The acquisition was made through the company's...

Adept4 said it had entered into non-binding heads of terms to acquire Cloudcoco. Under the terms of the agreement, Adept agree to issue 218,160,586 shares in the company to acquire Cloudcoco,...

BATM said the Tel-Aviv Stock Exchange informed the company that, at the close of trading on TASE on 5 September, it would become a constituent of Tel-Aviv Stock Exchange indices. Story...

Clear Leisure confirmed it bought its joint venture partner's 50% stake in a data centre for €1, taking the company's ownership to 100%. The nominal settlement price, under the termination...

Eddie Stobart Logistics said suspended trading in its shares and announced that Alex Laffey would stand down as chief executive as the company investigated a probe into an accounting error. The...

Oakley Capital Investments said its shares had been admitted to trading on the specialist fund segment of the main market of the London Stock Exchange. Trading in the company's shares AIM had been...

Nigeria-focused oil and gas company Sirius Petroleum said it would delist from AIM and pursue a listing on the main board of the London Stock Exchange. The company's shares had been suspended...

Hutchison China MediTech said it had begun a clinical trial for its drug that deals with immune thrombocytopenia, an autoimmune disorder that can lead to increased risk of bleeding. The first ITP...

Westmount Energy said it would raise £5.0m via an issue of new shares to pursue an investment strategy focused on the Guyana-Suriname basin, as well as for general corporate purposes. New shares...

Woodford Patient Capital Trust said it expected a downward revision of the value of its holding in cold fusion company IH Holdings International to cut its overall net asset value by 3.6%. The...

XPS Pensions Group said part of the company, the National Pension Trust, had secured authorisation from UK regulators. The authorisation process had significantly reduced the number of master...

Glenveagh Properties reduced its half-yearly losses amid a surge in revenue as the Irish homebuilder ramped up home sales at higher prices. For the period ended 30 June 2019, pre-tax losses...

Mining and maintenance support group Management Resource Solutions said a move to oust three of its directors was defeated at a meeting on Friday morning. The company said votes in favor of...

Peppa Pig owner Entertainment One said it had agreed to be acquired by US toymaker Hasbro for £3.3bn in cash. eOne shareholders would receive £5.60 per share, representing a 31% premium to eOne's...

Alternative fuel company Quadrise Fuels International said it had secured £2m of funding via the first tranche of an issue of convertible securities, and would also launch an open offer of...

Union Jack Oil said its partner in the West Newton prospect, Rathlin Energy, had commenced flow testing at a key well. Testing of the WNA-2 well was scheduled to continue for the next...

GlaxoSmithKline said a clinical study of its blood cancer treatment had met its primary goal. 'The two-arm study met its primary objective and demonstrated a clinically meaningful overall...

Target Healthcare said it had completed the acquisition of two care homes in Ripon, Yorkshire and Stourport, West Midlands, for around £18.6m combined. Both assets fully met the group's investment...