Economic and Market News for 24 January 2018

  • 24 Jan
    US January flash manufacturing PMI at 55.5

    The US flash manufacturing purchasing managers' index rose to 55.5 in January, a 34-month high, according to IHS Markit. The flash services PMI fell to 53.3, a nine-month low. Story provided by...

  • 24 Jan
    Amryt Pharma appoints senior executive

    Amryt Pharma has appointed Derval O'Carroll as its head of regulatory affairs. Previously, O'Carroll was senior director of regulatory affairs for NASDAQ-listed rare diseases company Retrophin....

  • 24 Jan
    US November house price index +0.4%

    US house prices rose 0.4% in November compared to the previous month, according to the Federal Housing Finance Agency. The previously reported 0.5% increase in October was revised upward to 0.6%....

  • 24 Jan
    Tri-Star invests in Strategic & Precious Metals

    Tri-Star Resources said it had invested a further $2.8m in Strategic & Precious Metals Processing via an additional mezzanine loan. The funds would assist the further development of the Oman...

  • 24 Jan
    Smart Metering Systems appoints new director

    Smart Metering Systems has appointed Kelly Olsen as a new non-executive director. Olsen was previously chief information officer at NHS Property Services and Cushman & Wakefield. At 1:52pm:...

  • 24 Jan
    Countrywide CEO resigns

    Countrywide said Alison Platt had resigned as chief executive and would be replaced in the interim by Peter Long, who would become executive chairman. "Since joining in 2014 I have worked hard,...

  • 24 Jan
    Morgan Advanced Materials outlines US tax reform benefit

    Morgan Advanced Materials said it expected its effective tax rate in the US to fall to between 28% and 29% for the calendar 2018 year, down from 30% in 2017. An initial assessment of deferred tax...

  • 24 Jan
    GVC director stands down

    GVC Holdings said Norbert Teufelberger would stand down as a non-executive director of the company, having served an agreed two-year term. At 1:17pm: (LON:GVC) GVC Holdings Plc share price was...

  • 24 Jan
    UK Commercial Property sells retail assets for £51m

    UK Commercial Property Trust has completed the sale of three retail centres in Shrewsbury to Shropshire Council for around £51m, representing a small premium to book value. The three assets...

  • 24 Jan
    Petrofac CEO gets favourable UK court judgement

    Petrofac said chief executive Ayman Asfari had informed the company that the UK High Court of Justice ruled that he was not served due process in connection with sanctions made against him by the...

  • 24 Jan
    Vodafone appoints new director

    Vodafone Group has appointed UBS vice-chairman Michel Demaré as a non-executive director, effective February 1. Demaré also served chief financial officer of ABB from 2005 to 2013 and chairman of...

  • 24 Jan
    Oracle Power interim chairman stands down

    Oracle Power said interim chairman Anthony Scutt had stood down and been replaced, also on an interim basis, by non-executive director Mark Steed. "It is the intention to appoint a permanent...

  • 24 Jan
    Premaitha Health gets right to appeal patent judgement

    Premaitha Health said it had secured the right to appeal a judgement in its ongoing patent litigation with Illumina and others. "The court was refreshingly pragmatic in granting us leave to appeal...

  • 24 Jan
    United Oil & Gas assumes interest in North Sea block

    United Oil & Gas has secured a no cost option agreement with Swift Exploration and Stelinmatvic Industries for a 24% working interest in a North Sea oil block. Block 49/29c in licence P2264...

  • 24 Jan
    Bodycote confirms expansion in hot isostatic pressing

    Bodycote said its Sint Niklaas, Belgium, Hot Isostatic Pressing (HIP) location is expected to take delivery of a new 'Mega-HIP' unit which will be operational by the end of 2018. The company said...

  • 24 Jan
    Henderson Far East Income in equity issue

    Henderson Far East Income issued 150,000 ordinary shares yesterday at 385.5p apiece under its block listing facility. The net asset value per ordinary share as at the close of business on 22 Jan...

  • 24 Jan
    Nostra Terra expands scope of drilling campaign

    Nostra Terra has increased the number of permit applications for the US Permian Basin to three from one after securing a new loan. Legal completion of a senior lending facility was expected to...

  • 24 Jan
    UK January unemployment rate 4.3%

    The UK unemployment rate remained at 4.3% in January, according to the Office for National Statistics. Average weekly earnings for employees in nominal terms increased by 2.5% including bonuses...

  • 24 Jan
    Directa Plus awarded US patent for product, application of G+ nanoplatelets

    Directa Plus, a producer and supplier of graphene-based products, announced that the United States Patent and Trademark Office has issued notification that it has granted the company a patent...

  • 24 Jan
    PPHE Hotel Group buys out London JV for £35m

    PPHE Hotel Group has agreed to buy out the 55% interest in joint venture company Aspirations that it doesn't already own for £35m. Aspirations owns a site located by Old Street, Rivington Street,...

  • 24 Jan
    Trinity Capital offloads India assets

    Trinity Capital said a subsidiary had received proceeds of £1.7m following the disposal of its last interests in India. The company said it still intended to hold shareholder meetings "as soon as...

  • 24 Jan
    Randall & Quilter expands in Connecticut

    Randall & Quilter Investment Holdings confirmed that it had assumed auto liabilities from a Connecticut-domiciled risk retention group. The group, with estimated reserves of around $1.6m,...

  • 24 Jan
    IGas Energy issues incentive plan shares

    IGas Energy has issued 69,195 ordinary shares under its share incentive plan. At 8:21am: (LON:IGAS) Igas Energy PLC share price was -0.1p at 95.8p Story provided by

  • 24 Jan
    Strategic Minerals Australia sampling results positive

    Strategic Minerals said sampling at its central Australian rare earths tenements at Hanns Camp in Western Australia had confirmed the extent of the cobalt-nickel mineralisation. "The ongoing...

  • 24 Jan
    ICGF starts trading on LSE

    India Capital Growth Fund's shares have started trading on the London Stock Exchange's main market. ICGF said admission followed a year of strong performance when its net asset value increased by...

  • 24 Jan
    Purplebricks to launch in New York

    Real estate agent Purplebricks Group said it planned to launch into the New York designated market area in the second quarter of 2018. Purplebricks commenced its US expansion plans when it...

  • 24 Jan
    Saffron Energy appoints CFO

    Saffron Energy has appointed Andrew Dennan as its chief financial officer. Dennan is currently a non-executive director of Alpha Growth. Story provided by

  • 24 Jan
    Highlands warrants exercised

    Highlands Natural Resources has issued 50,000 ordinary shares following the exercise of warrants. Story provided by

  • 24 Jan
    Premier Oil sells first Catcher cargo ahead of schedule

    Premier Oil said the first cargo from the Catcher oil field in the North Sea was lifted on Tuesday, earlier than expected. The cargo's around 500,000 barrels of oil were sold at a premium to...

  • 24 Jan
    Liontrust releases lock-up on shares

    Liontrust Asset Management released Alliance Trust from lock-up arrangements in respect of 4,060,792 shares. The shares - which represent 8.2% of Liontrust's issued share capital - have been sold...

  • 24 Jan
    ImmuPharma raises £10m

    Specialist drug discovery and development company ImmuPharma has raised £10m, gross, through a placing of 6,944,445 new ordinary shares at 144p apiece with new and existing investors. ImmuPharma...

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