Economic and Market News for 25 November 2020
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25 Nov
10:07Circle Property swings to loss in H1 as virus impact dents portfolio valueOffice 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....
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25 Nov
09:52Tullow Oil to focus on producing West African assetsOil 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,...
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25 Nov
09:45Nanoco secures grant funding to develop Covid-19 testing kitNanomaterials 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...
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25 Nov
09:41Petra Diamonds sells collection of five blue diamonds for $40.4mDiamond 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...
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25 Nov
09:37Pantheon Resources signs rig contract for Alaska wellOil 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...
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25 Nov
09:24Ncondezi Energy raises capital for Tete project in MozambiqueEnergy 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...
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25 Nov
09:01Sigma Capital appoints Niamh Waldron as ESG managerResidential 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...
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25 Nov
08:57Maestrano wins ARTC rail network contract extensionTransport 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...
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25 Nov
08:50CAP-XX touts confidence in outlook as order book gets boost from strong demand for new productsSupercapacitors 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...
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25 Nov
08:45HSBC shares to be delisted from Euronext Paris on 22 DecemberBanking 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...
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25 Nov
08:39AA accepts £219 million TowerBrook, Warburg Pincus bidRoadside 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...
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25 Nov
08:39Xeros Technology licencee makes first sales in denim finishing marketTextile services group Xeros Technology said Indian license partner Ramsons Garment Finishing Equipment had received an order for nine denim finishing machines incorporating its technologies....
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25 Nov
08:08G4S to resume dividend in 2021 amid positive outlookSecurity 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...
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25 Nov
08:03Kingfisher acquires NeedHelp for €10 millionHome 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,...
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25 Nov
07:51Sensyne Health signs research pact with Hampshire Hospitals NHS TrustClinical 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...
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25 Nov
07:26Vivo Energy CFO Johan Depraetere to stand downAfrica-focused fuel retailer Vivo Energy said chief financial officer Johan Depraetere would stand down in the first half of 2021. He would be succeeded by Douglas Lafferty who would join the...