Economic and Market News for 27 January 2020
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27 Jan
14:06Journeo gets first order from £4.8m Edinburgh Council contractTransport 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...
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27 Jan
14:03Columbus Energy Resources starts advanced oil recovery efforts in TrinidadColumbus 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...
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27 Jan
13:54Jersey Oil & Gas acquires extra share of North Sea oil licence from EquinorJersey 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...
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27 Jan
13:48Block Energy to install gas processing facility at West Rustavi field in GeorgiaBlock 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...
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27 Jan
13:33Kodal Minerals expects Bougouni lithium mine to cost $117m plus contingenciesKodal 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...
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27 Jan
13:15UK trade secretary visits Kromek headquarters to see radiation detection kitsMedical 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...
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27 Jan
13:09Rockfire Resources reports encouraging drilling results in AustraliaGold 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...
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27 Jan
10:00Diversified Gas & Oil trading in line as output rises in fourth quarterDiversified 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...
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27 Jan
09:57McColl's Retail operations head Dave Thomas stands downConvenience 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....
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27 Jan
09:55AFC Energy teams up with HiiROC to unlock natural gas as zero emission hydrogen fuelAFC 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...
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27 Jan
09:47Volga Gas downgrades reserves estimate for Russian fieldsRussia 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...
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27 Jan
09:41Predator Oil & Gas welcomes commencement of Trinidad oil recovery effortsPredator 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....
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27 Jan
09:38Vaalco Energy appoints William R. Thomas as president, with M&A focusVaalco 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...
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27 Jan
09:35Princess Private Equity NAV up 5.7% in DecemberPrivate 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...
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27 Jan
09:28Thalassa lends €11m to German hotel investorInvestment 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...
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27 Jan
09:22President Energy boosts reserves at Neuquen Basin asset in ArgentinaSouth 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....
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27 Jan
09:00Jaywing chairman Martin Boddy stands downData 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...
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27 Jan
08:48Amigo mulls sale as largest investor looks to offload sharesSubprime 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...
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27 Jan
08:41Fastjet holiday season performance meets expectations; funding talks continueLow-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...
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27 Jan
08:33Spire Healthcare expects no material financial impact from claims against surgeonSpire 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...
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27 Jan
08:24Directa Plus wins grant to develop G+ graphene printing technologyDirecta 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...
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27 Jan
08:037digital wins Shopify's Single Music contractDigital 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...
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27 Jan
07:58Randall & Quilter acquires Montana's Vigneron InsuranceRandall & Quilter said it had acquired Montana-based captive insurer Vigneron Insurance, for an undisclosed sum. Vigneron Insurance underwrote deductible reimbursement policies to cover the...
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27 Jan
07:54OptiBiotix Health probiotics to be used in Alfasigma products in ItalyDietary 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...
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27 Jan
07:44Simec Atlantis tidal power turbine to undergo maintenanceSimec 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...
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27 Jan
07:43Halma acquires NovaBone for at least $97m; FireMate for up to A$18.2mEnvironmental 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...
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27 Jan
07:32AstraZeneca sells rights to hypertension drugs; recovers rights to Crohn's disease drugAstraZeneca 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...
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27 Jan
07:21AstraZeneca gastric cancer and stroke drugs meet primary goalsAstraZeneca 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...
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27 Jan
07:13Mincon operations head and former chairman Peter Lynch stands downRock-drilling tool specialist Mincon said chief operating officer and former chairman Peter Lynch was standing down to pursue other interests and move closer to his family in Dublin. Lynch had...