Economic and Market News for 27 January 2020

Transport information group Journeo said it had received the first tranche of purchase orders under a £4.8m contract with Edinburgh Council announced in December The orders, valued at £0.8m, were...

Columbus Energy Resources said it had made the first injection of carbon dioxide as part of an enhanced oil recovery effort at the Trinity Inniss field in Trinidad. The company had injected the...

Jersey Oil & Gas said it had acquired operatorship and an additional 70% working interest in a North Sea licence from Norway's Equinor. The acquisition cost included a $3m milestone payment...

Block Energy said it was applying for permits to install a gas processing facility at its West Rustavi field in Georgia by the second quarter of 2020. The company said production testing as...

Kodal Minerals said its Bougouni lithium project in Mali could cost about $117m plus contingency costs to build and have an 8.5-year mine life. The details came from a feasibility study that...

Medical and security screening group Kromek said the UK's international trade secretary had visited is headquarters in Durham. Elizabeth Truss MP was given an overview of Kromek's radiation...

Gold and base metals explorer Rockfire Resources said it had recorded encouraging drilling results at its Plateau gold deposit in Australia's Queensland state. All six drill holes encountered...

Diversified Gas & Oil confirmed it was trading in line with current market forecasts following a rise in production in the fourth quarter from the third. Consolidated production rose 5.7% in...

Convenience store company McColl's Retail said chief operating officer Dave Thomas was standing down with immediate effect. Thomas would remain available in a consultative capacity until 6 April....

AFC Energy said it had entered into a binding agreement with UK-based green hydrogen generation technology developer HiiROC to unlock natural gas as zero emission hydrogen fuel. HiiROC's...

Russia focused Volga Gas downgraded the reserves estimate as its Vostochny Makarovskoye and Dobrinskoye fields by 48%. Proven reserves at the assets were now estimated at 9.1m barrels of oil...

Predator Oil & Gas welcomed news from partner Columbus Energy Resources that the first injection of carbon dioxide into the Inniss-Trinity field in Trinidad had been successfully achieved....

Vaalco Energy said it had appointed current director William R. Thomas to the role of president. Thomas would be responsible for the company's strategic M&A activity, while chief executive...

Private equity company investor Princess Private Equity said its net asset value per share rose 5.7% in the month of December. Portfolio developments were positive, at 6.7%, though currency...

Investment company Thalassa said it had agreed to lend €11m to Germany's Gitone Beteiligungsverwaltungs, which had invested in Croatian hotels. The loan would be supplied in an initial tranche of...

South America focused President Energy said proven reserves for its producing assets in Argentina had slipped back, though reserves had increased at the less-certain 'proven and probable' level....

Data science agency Jaywing said Martin Boddy had stepped down as chairman with immediate effect in order to pursue other interests. The search for a new executive chairman was underway, the...

Subprime lender Amigo said it was looking at options including a sale of the company after majority shareholder Richmond Group said it was willing to sell its stake. Richmond currently owned...

Low-cost African airline Fastjet said it expected to have funds to continue trading until March, but warned of an uncertain future in the ensuing months should talks with investors over the sale of...

Spire Healthcare said it did not expect to have a material financial exposure to legal claims being made against a doctor that operated at one of its UK hospitals. Spire said it had restricted...

Directa Plus said it had received a grant for a project to develop an environmentally sustainable technology to digitally print its G+ graphene product on fabrics. GREEN.TEX was aimed at reducing...

Digital music services provider 7digital said it had won a contract to provide its music-as-a-service platform to power Single Music, a Shopify-integrated platform that enabled artists and labels...

Randall & Quilter said it had acquired Montana-based captive insurer Vigneron Insurance, for an undisclosed sum. Vigneron Insurance underwrote deductible reimbursement policies to cover the...

Dietary supplements group OptiBiotix Health said Italy's Alfasigma had launched a product containing a probiotic strain developed by subsidiary ProBiotix Health. Alfasigma would market the...

Simec Atlantis Energy said a turbine at the MeyGen tidal energy project in northern Scotland was due to undergo maintenance. The AR1500 turbine would be transported to land for servicing and...

Environmental technology group Halma said it had acquired US-based NovaBone, a designer and manufacturer of bone graft products, for an initial $97m. The company also acquired a 70% stake in...

AstraZeneca said it had agreed to sell the global commercial rights to its hypertension drugs and also said it would recover rights from Allergen to a drug used to treat Crohn's disease. The...

AstraZeneca said its gastric cancer and stroke treatments had met their primary goal in clinical trials. Gastric cancer drug, Enhertu, met its primary endpoint of an improvement in objective...