Economic and Market News for 24 May 2019

Financial comparison service GoCompare.com Group said it had changed its name to GoCo Group following approval for the move at the company's annual general meeting on Thursday. The company's...

Caspian Sunrise said testing on a well samples at its BNG contract area in Kazakhstan had shown them to be oil and gas bearing. The Deep Well A8 was spudded in November 2018 with a target depth of...

Caledonian Trust said expected it to take around two years to complete the proposed £15m sale of its St Margaret's House property in Edinburgh to Drum Property Group Caledonian Trust said Drum had...

US new orders for manufactured durable goods fell 2.1% in April to $248.4bn, according to the Census Bureau. The fall was a little deeper than expectations for a 2.0% decline. Story provided by...

Biogas producer from palm oil mill effluent Green & Smart Holdings said it had agreed to source a £1.6m loan from finance director Syed Nazim bin Syed Faisal. The 12-month interest-free loan...

UK retail sales growth by volume was flat during the month of April, according to the Office for National Statistics. The steady reading beat market expectations of a 0.3% decline. Story...

Private equity company Charterhouse Funds said it had agreed to acquire events and business-to-business media group Tarsus for £561m. Tarsus investors were offered 425p for each of their shares in...

Secure Property Development and Investment said it expected to complete a previously-announced sale of its assets outside of Greece to Arcona Property Fund by the end of 2019. The all-share...

Strategic Minerals said subsidiary Southern Minerals Group had reached an agreement with its major client at the Cobre plant in New Mexico, in relation to arrears to date and payments going...

Redhall Group said it had suspended trading in its shares after struggling to come up with crucial funding. The company said overall trading remained challenging and that its cash flows were under...

Small molecule drug focused Nuformix said it had received notice from investor Alan Miller to convert an outstanding loan of £200k with accrued interest into shares in the company. Nuformix said...

Vectura Group said it would receive a $2.5m milestone payment under an exclusive licence agreement with Novartis. The payment was triggered following the acceptance of Novartis' marketing...

Two Shields Investments said that it had agreed to a share swap deal with WeShop. WeShop was a digital social network platform focused on the social e-commerce sector. The deal would see Two...

South African insurer Old Mutual said it had suspended chief executive Peter Moyo, citing 'a material breakdown' of trust and confidence. The company said its board had 'various engagements' with...

Witan Investment Trust confirmed that it would split its shares on a five-for-one basis following investor approval for the move in early May. Each of the issued ordinary shares of 25p each in the...

Power utility National Grid said it remained disappointed with a range of cost-of-equity calculations contained in an update of regulator Ofgem'sprice control review. Ofgem on Friday published a...