Economic and Market News for 23 August 2019
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23 Aug
14:55Modern Water chairman Alan Wilson resignsWater 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...
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23 Aug
14:35Jersey Oil and Gas wins block in UK licencing roundJersey 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...
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23 Aug
14:19Live Company appoints Andy Smith as Bricklive deputy chairLive 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...
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23 Aug
13:50Kodal Minerals submits impact assessment for Mali lithium projectKodal 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...
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23 Aug
13:42ITM Power to supply electrolyser to Australian hydrogen projectEnergy 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...
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23 Aug
13:23Jubilee Metals acquires Zimbabwe refinery project from Glencore for up to $12mJubilee 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...
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23 Aug
13:13Science Group builds controlling stake in Frontier Smart TechnologiesConsultancy 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...
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23 Aug
10:41Lekoil acquires 45% stake in Niger Delta Licence from Newcross Petroleum for $5mLekoil 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...
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23 Aug
10:36Adept4 agrees non-binding terms to acquire CloudcocoAdept4 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,...
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23 Aug
10:30BATM to join Tel-Aviv Stock ExchangeBATM 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...
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23 Aug
10:22Clear Leisure takes full ownership of data centre after acquiring JV partner's stakeClear 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...
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23 Aug
09:59Eddie Stobart suspends shares as CEO Alex Laffey steps downEddie 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...
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23 Aug
09:29Oakley Capital admitted to specialist fund segment of London Stock ExchangeOakley 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...
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23 Aug
09:25Sirius Petroleum to delist from AIM next week, pursue LSE listingNigeria-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...
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23 Aug
08:40Hutchison China MediTech begins clinical trials for immune thrombocytopenia drugHutchison 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...
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23 Aug
07:48Westmount Energy launches £5m share issueWestmount 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...
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23 Aug
07:44Woodford Patient Capital valuation to fall 3.6% due to downward asset revisionWoodford 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...
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23 Aug
07:39XPS Pensions gets UK regulatory nod for master trustXPS 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...
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23 Aug
07:37Glenveagh Properties narrows losses after selling more homesGlenveagh 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...
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23 Aug
07:34Management Resource Solutions says push to remove three directors failsMining 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...
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23 Aug
07:31Hasbro to buy Entertainment One for £3.3bnPeppa 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...
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23 Aug
07:29Quadrise Fuels raises capital; plans open offer of additional sharesAlternative 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...
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23 Aug
07:17Union Jack Oil partner kicks off well testing at West Newton prospectUnion 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...
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23 Aug
07:16GlaxoSmithKline blood cancer treatment meets primary objective in clinical trialGlaxoSmithKline 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...
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23 Aug
07:09Target Healthcare acquires two UK care homes for £18.6mTarget 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...
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23 Aug
07:06Real Good Food secures £8.9m credit facility to pay shareholder debtCake decorations and ingredients supplier Real Good Food said it had secured an £8.9m credit facility from Leumi ABL. The company said the funding would allow it to repay debt provided by its...