Economic and Market News for 26 January 2018

  • 26 Jan
    International Public Partnerships still doesn't expect significant hit from Carillion

    International Public Partnerships reiterated that it didn't expect the liquidation of Carillion to have a significant valuation impact on the company. Since January 14, the company said it had...

  • 26 Jan
    Fura Gems collects ruby samples in Mozambique, expects mining in 2H

    Fura Gems said a drilling program at four ruby licenses in Mozambique was expected to be completed on or before June 30, with the bulk of mining expected to commence in the second half of 2018. A...

  • 26 Jan
    Sterling Energy ends Mauritania funding agreement

    Sterling Energy said it would end a funding agreement with the government of Mauritania as the Chinguetti oil field is decommissioned and abandoned. In its 2016 annual report, Sterling said the...

  • 26 Jan
    Masawara shareholders approve AIM de-listing

    Masawara said all resolutions had been passed at a general meeting and the company would de-list from the AIM as planned. The cancellation of admission shares in the company would be become...

  • 26 Jan
    US economy grows slower than anticipated

    US real gross domestic product increased at an annual rate of 2.6% in the fourth quarter of 2017, according to the advance estimate released by the Bureau of Economic Analysis. In the third...

  • 26 Jan
    Polypipe confirms CFO appointment

    Polypipe Group confirmed that Paul James would join the company as chief financial officer on March 5. James has served as CFO of Dixons Carphone plc since 2014 and has also held senior position...

  • 26 Jan
    Serco Group completes BTP Systems acquisition

    Serco Group said it had completed its acquisition of BTP Systems, a provider of satellite communication and radar engineering technical services to the US defence industry. The deal was first...

  • 26 Jan
    UPDATE: GSK gets positive rulings on shingles, asthma treatments

    GlaxoSmithKline has received favorable rulings from European regulators regarding two separate treatments, one for shingles and the other for asthma. The European Medicines Agency's Committee for...

  • 26 Jan
    UK preliminary 4Q GDP +0.5%

    UK gross domestic product was estimated to have increased by 0.5% in the fourth quarter, compared with 0.4% in the third, according to the Office for National Statistics. Story provided by...

  • 26 Jan
    Avocet Burkino Faso assets sale deferred

    Avocet Mining Plc announced Friday that, the sale of Resolute (West Africa) Ltd, to Balaji Group has been deferred to 30 January 2018. 'Balaji has requested a further deferral of completion of...

  • 26 Jan
    MayAir Group agrees to £50m takeover bid

    Air filtration equipment provider MayAir Group said it had agreed to be acquired by Poly Glorious Investment Company for £50m in cash. MayAir shareholders would get 120p for each of their shares...

  • 26 Jan
    Serabi Gold files technical report for Brazil prospect

    Brazilian-focused miner Serabi Gold said it had filed a technical report for its Palito mining complex. Studies had shown the prospect contained an estimated proven and probable mineral reserve...

  • 26 Jan
    Georgia Healthcare Group acquires significant new medical insurance client

    Georgia Healthcare Group announced that its medical insurance business has acquired a significant new client, the Georgian Ministry of Internal Affairs, by winning a recent tender process. The...

  • 26 Jan
    easyHotel acquires property in Milton Keynes to develop 124-bedroom hotel

    easyHotel has acquired a 125-year leasehold of part of Norfolk House in Milton Keynes to develop a 124-bedroom hotel, expected to open mid-2019 at a total cost of approximately £8.7 million. The...

  • 26 Jan
    ReNeuron presents treatment trial results

    ReNeuron Group said that positive long-term clinical trial data for a stroke disability treatment was accepted for a podium presentation yesterday at the American Heart Association International...

  • 26 Jan
    Mirriad Advertising extends Youku contract

    Mirriad Advertising said it had renewed its contract with Alibaba-owned Youku, though on a non-exclusive basis. Youku, a Chinese entertainment platform, deployed Mirriad for in-video advertising,...

  • 26 Jan
    AZ reports positive results from KRONOS trial

    AstraZeneca on Friday announced that a study has shown PT010 demonstrated a 'statistically significant' improvement in patients with 'moderate to very severe' chronic obstructive pulmonary...

  • 26 Jan
    Paternoster Resources to cut administrative costs

    Paternoster Resources said it had identified savings measures that would reduce its administration costs by around 40% to to below £200,000 a year. The cost review came after Paternoster entered...

  • 26 Jan
    Palace Capital secures new loan

    Commercial property investor Palace Capital said it had entered into a new five-year £40m bank facility with Barclays Bank. The new facility carried a margin of 1.95% over Libor, which the company...

  • 26 Jan
    Rockrose Energy announces capital return

    Rockrose Energy said it intended to launch of capital return to shareholders of £1.50 per share. The payment would be made by means of a "B" share scheme requiring the passing of ordinary...

  • 26 Jan
    Molins changes name to Mpac

    Packaging company Molins said it had been renamed Mpac Group, with effect from today. Trading in the company's shares under the new name and the new ticker MPAC would commence on Monday, the...

  • 26 Jan
    PureTech affiliate resTORbio prices $85.0m IPO

    PureTech Health said affiliate company resTORbio has a priced its initial public offering on the Nasdaq exchange. Shares would be issued at an offer price of $15.00 each, resulting in gross...

  • 26 Jan
    SolGold starts additional drilling in Ecuador

    SolGold said 12 rigs were now operational at its Cascabel project in northern Ecuador, where drilling is focused on targeting high-grade extensions to the Alpala copper-gold resource. "The maiden...

  • 26 Jan
    Physiomics wins new contract

    Cancer treatment monitoring provider Physiomics said it had been awarded a £35k contract by a new major pharmaceutical client. The project, expected to be completed during the company's current...

  • 26 Jan
    Spectris completes Concept Life Sciences acquisition

    Spectris said it had completed the acquisition of drug development group Concept Life Sciences from Equistone Partners Europe and company management for £163m. The deal would be funded from...

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