Economic and Market News for 25 November 2020

Office property company Circle Property swung to a loss in the first six months of the year as higher rental income was offset by higher costs and a pandemic-led hit to its property portfolio....

Oil company Tullow Oil said it would focus on its producing West African assets as part of a strategy overhaul. The new plan would see over 90% of future capital expenditure devoted to the assets,...

Nanomaterials manufacturer Nanoco said it had secured grant funding from the UK government to develop a heavy metal-free quantum dot testing kit for the accurate and rapid visual detection of...

Diamond miner Petra Diamonds said its Letlapa Tala collection of five blue diamonds had been sold to a partnership between De Beers and Diacore for $40.4 million. The stones weighed a combined...

Oil and gas explorer Pantheon Resources said it had signed a rig contract with Nordic Calista Services to drilling a well in Alaska. Operations for the Talitha #A well were expected to commence in...

Energy company Ncondezi Energy said it had raised £0.75 million from a share issue, providing working capital for the development of a coal-fired power project in Tete, Mozambique. New shares in...

Residential property developer and urban regeneration group Sigma Capital said it had appointed Niamh Waldron as its environmental and social governance manager. Sigma Capital said Waldron had...

Transport corridor analytics platform Maestrano said a contract announced in January with the ARTC rail network had been extended. The contract had been for the scanning and analysis of an 8,500...

Supercapacitors maker CAP-XX touted confidence in its outlook after its order book has grown by over 10% in three weeks on strong demand for its new product lines. Following the installation of...

Banking group HSBC said it had received approval for its shares to be delisted from Euronext Paris on 22 December 2020. The announcement made initially on 30 October followed a 'review of the...

Roadside assistance company AA said they had reached an agreement with TowerBrook and Warburg Pincus consortium on a £219 million takeover of the company. Under the terms of the acquisition, AA...

Textile services group Xeros Technology said Indian license partner Ramsons Garment Finishing Equipment had received an order for nine denim finishing machines incorporating its technologies....

Security company G4S said it would resume its dividend in 2021, citing confidence in its outlook. The company Security company said it had 'significant potential to re-rate as a result of its...

Home improvement retailer Kingfisher said it had acquired NeedHelp, an online home improvement services marketplaces, for about €10 million. As part of the transaction, Guillaume de Kergariou,...

Clinical technology company Sensyne Health said it had signed a five-year non-exclusive research agreement with Hampshire Hospitals NHS Foundation Trust. The agreement would involve the...