Economic and Market News for 24 January 2020

Digital media and technology provider Catenae said its working capital position remained week and that it was in funding talks with a number of parties. The company said it was attempting to...

Smart home group LightwaveRF said it was planning to cancel its shares from trading on AIM. A meeting to vote on the move would be held on 10 February. LightwaveRF also said a strategic review,...

Metal Tiger said it would attain a 20% stake in miner Cobre when it lists on the Australian Securities Exchange around the end of January. Cober confirmed it was planning to list in Sydney in...

Energy storage company RedT energy said it continued to make progress with its planned merger with Avalon Battery. An AIM admission document relating to the merger as expected to be published by...

Payment services provider Mi-Pay said it expected to receive a tax credit of around £0.3m but would nevertheless proceed with cancellation of its shares from AIM. Mi-Pay said it had received...

Summit Therapeutics said chief operating officer David Roblin had resigned, effective at the end of January. He would also relinquish the role of chief medical officer and president of R&D....

Self-care product manufacturer Venture Life said the conditions to complete its up to €6.5m acquisition of PharmaSource had been met and the deal sealed. The acquisition was first announced on 19...

Clean-meat investor Agronomics said it had raised £5.5m via a share issue, which it said was undertaken to satisfy additional investor demand. New shares in the company were issued at 7p each....

Georgian lender TBC Bank said chief risk officer David Chkonia had left at the end of his contract to pursue other career opportunities, triggering a management reshuffle. Deputy chief executive...

88 Energy announced plans to raise a gross A$5m through an equity placement to support ongoing projects and cover any potential shortfall related to the appraisal of the Charlie-1 well. The...

The UK flash manufacturing purchasing managers index rose to 49.8 in December, according to IHS Markit. The market had been expecting a more modest improvement to 48.8. The flash services PMI,...

Water treatment and monitoring group Modern Water said it had raised £1.85m from a heavily-discounted share placing. New shares in the company were issued at 0.5p each, a 60% discount to their...

Black Sea Property confirmed that it had raised about €4.6 and completed its debt-to-equity conversion, but added that the fundraise fell €200K short of its initial target due to partial...

Just Eat and Takeaway.com said they would delay the listing of their enlarged company on the London Stock Exchange by one week after UK competition authorities launched a probe into the merger....

Hansard Global reported a rise in new business in the first half of the year amid good performances in Latin America and the Middle East. For the six months ended 31 December 2019, new business...

Oil and gas producer Columbus Energy said it had made progress on pre-drill preparation at its Saffron well located onshore Trinidad. The company completed the interpretation of cased-hole...

Inland Homes said it had signed a contract with Octavia Housing, a provider of affordable housing, to develop Afrex House, in Alperton, north-west London. The development of this former light...

Educational services group Wey Education said it had appointed Sara de Freitas as executive director of education. De Freitas was most recently pro vice-chancellor (education) and professor of...

Hipgnosis Songs Fund said it had acquired a music catalogue from British songwriter and producer Brian Higgins, for an undisclosed sum. Higgins had produced and co-written more 35 top-10 hits, for...

Cruise port operator Global Ports said its joint venture Creuers Del Port de Barcelona had completed the purchase of Autoridad Portuaria de Malagas's 20% stake in the Malaga cruise port concession...

SQN Asset Finance Income Fund said it would conduct a strategic review of its operations. 'This will be wide-ranging to include the provision of investment management services,' the company said...

Intellectual property investment group Tekcapital said portfolio company Salarius had secured a supply agreement with food ingredient broker Hanks Brokerage. Salarius, which was 97.5% owned by...

Warehouse investor Warehouse REIT said it had entered into a five-year £220m debt facility that would replace an existing £210m loan from HSBC. The refinancing, comprising a £157m term loan and...

Online property portal OnTheMarket said it had signed a listing agreement with house builder Bellway. OnTheMarket said Bellway was the UK's fourth-largest house builder by volume and sold a record...

Medical technology company Smith and Nephew said it had acquired US-based ear tube group Tusker Medical, for an undisclosed sum. Tusker developed systems enabling placement of ear tubes in a...