Economic and Market News for 24 November 2020

Property financing group Urban Exposure has said it intends to offer eligible shareholders up to £65 million as it continues a wind-down of its business following the announcement on 1 October...

Braveheart Investment Group has received notice of exercise of warrants for over 147,500 new ordinary shares of 2p each at a price of 40p per share, raising a total of £59,000. The exercised...

Finsbury Growth & Income Trust has issued 40,000 new ordinary shares of 25p from its block listing authority of 2 July 2020 at a price of 844.25 pence per share. These shares rank side by side...

Exploration and production company Block Energy said it had completed the acquisition of Schlumberger Rustaveli Company. Following the completion of the acquisition, Block now held licences for...

Mining company Anglo Asian Mining cut its output guidance, though said it was still on track to achieve turnover for 2020 of over $100 million. The group's revised 2020 production guidance was...

Oil company Victoria Oil & Gas said subsidiary Gaz du Cameroun had received approval from Cameroon's mining minister for an extension of the Matanda block licence there. The exploration phase...

Floorcoverings distributor Headlam said it had suffered a cyber attack, though added that customer and supplier information had not been accessed and the impact on operations were minimal....

Lending company Funding Circle lifted its outlook on performance as high demand for loans continued in the four months through October. 'We now expect to be AEBITDA profitable in H2, materially...

Mineral resource company Keras Resources said it expected to get feedback in the near term on its efforts to secure an exploration permit at its Nayega manganese mine in Northern Togo, following...

Fintech company TechFnancials said it had invested $148,000 via an equity round to take a 17% stake in vision assistance company RenewSenses. RenewSenses developed a wearable device that combined...

Residential and assisted living property developer Trafalgar Property said it had appointed Gary Martin Thorneycroft as finance director. Thorneycroft was recently chief financial officer of a UK...

Oil company Nostra Terra said further work at a new well in Texas indicated the oil was closer to the surface that previously anticipated. Logging work had been completed at the Cypress farm-out...

Vanadium flow batteries company Invinity Energy Systems said it had signed a contract worth £6.7 million to deliver an 8 MWh vanadium flow battery system for a solar-plus-storage project to be...

Energy storage fund Gore Street said its Drumkee project, a 50MW installed capacity project located in Northern Ireland, was on track to be energised in December. Both the Drumkee and Mullavilly...

Construction materials group Breedon said that James Brotherton would join the executive management team as chief financial officer designate on 1 January 2021. Brotherton was CFO of Tyman between...

Total quality assurance provider Intertek said it expected to report a mid-single-digit like-for-life revenue decline for the year amid signs of improved performance in the July-to-October period....

Advanced materials engineering group Versarien said it had won a product development agreement for £1.95 million from the UK's ministry of defence. The agreement involved the development of...

Meat producer Cranswick upped its interim dividend after reporting a rise in profit on strong export growth and robust demand following a shift toward greater in-home consumption amid the Covid-19...

Insurance company Phoenix confirmed press speculation that it was mulling a sale of its European businesses. 'In light of recent expressions of interest from third parties for the European...

Property investor Segro confirmed that its shares would commence trading on Euronext Paris on Tuesday morning. The company said its shares also would remain tradable on the main market of the...