Economic and Market News for 28 January 2020

LED lighting and electro-mechanical system manufacturer LPA swung to a full-year loss, as rail project delays hurt revenue. Pre-tax losses for the year through September amounted to £0.24m,...

Credit hire and legal services provider Anexo said it had made 'strong progress' in the year through December, with adjusted profit to be in line with current market expectations. The progress...

Condor Gold said it had been granted an extension to complete an application for its La India project in Nicaragua. The company said it now had until 27 July 2021 to complete the conditions of a...

Amur Minerals said a rock mechanics study for mining at its Kun-Manie project was complete and had been filed and approved by necessary Russian authorities. This evaluation was a component of the...

Georgian Mining said it had failed to gain national approval for part of the licence area at its Bolnisi copper an gold project in Georgia. The National Agency of Mines had confirmed the tenure...

Specialist financial advisory group Frenkel Topping said it had received a preliminary approach from Harwood Capital that could lead to a takeover offer for the company. 'At this stage, there can...

US durable goods orders rose 2.4% in December to $245.5bn, according to the Census Bureau. The market had been expecting a more modest rise of 1.2%. Core durable goods orders, however, which...

Angus Energy said it had completed is acquisition of a 51% share of UK oil licence from Saltfleetby Energy. All conditions precedent to the farm-in agreement for the relevant blocks of licence...

Hospitality and leisure sector services provider Christie said it had sold nursery group Kids Allowed to Kids Planet, for an undisclosed sum. The the Kids Allowed group had grown organically since...

Alba Mineral Resources said assay testing from a maiden drilling campaign at the Clogau-St David's gold mine in Wales had not returned high-grade results. The company, however, said the drilling...

Kaz Minerals said it had upped the size of a pre-export finance loan facility to $1bn, while extending its tenor and a reducing its margin pricing. The move represented a net increase of $700m...

SDX Energy said a well in Morocco had encountered commercial quantities of gas in excess of pre-drill estimates. The company estimated that 1.3bn-to-1.9bn cubic feet of gas was recoverable from...

BlueRock Diamonds said production at its Kareevlei mine in South Africa had not been materially impacted by a peaceful demonstration held by local community members on Sunday. BlueRock said its...

Specialist fuel, food and feed distributor NWF reported a 26% rise in first-half profit, as it upped sales of heating oil and it improved efficiencies in its food division. Pre-tax profit for the...

Intu said it would sell its partly-owned Asturias shopping centre in Spain to the ECE European Prime Shopping Centre Fund II for €290m. Intu Asturias was located in Oviedo, Spain and owned by a...

Mortgage advisory group Mortgage Advice Bureau said its annual revenue rose 16%, though it also said that political uncertainty had impacted per-adviser sales rates. Revenue for the year through...

Podcast company Audioboom announced plans to add three more shows to the slate early this year. The three shows included 'The Sitch with Mike and Lauren,' 'Truth vs. Hollywood' and 'Life's Little...

Dietary supplements developer OptiBiotix Health said it had extended the terms and territories of an original distribution agreements with CTC and Cambridge Commodities. For the arrangement with...

Digital marketing and communications group Next 15 warned it would report a full-year adjusted profit marginally below its expectations. Revenue for the year through January was expected to be...

Advertising company M&C Saatchi said it had appointed two new directors, including Gareth Davis as its deputy chairman. Davis had been chairman of packaging company DS Smith since 2012 and was...

Healthcare services provider UDG Healthcare forecast annual earnings per share growth of 7-9% after its first-quarter profits improved. 'The group has made a good start to the financial year with...

Irn-bru maker AG Barr said it expected profit within the top end of market forecasts amid signs of progress on efforts to turnaround the business following a challenging summer. Adjusted pre-tax...

Water utility Severn Trent said it expected to raise its annual dividend at least in line with the UK inflation rate, estimated this year at around 1.5%. The company made the decision after...