Economic and Market News for 28 January 2020
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28 Jan
15:03LPA swings to loss following rail project delaysLED 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,...
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28 Jan
14:51Anexo sees profits in line after year of 'strong progress'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...
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28 Jan
14:43Condor Gold granted environmental application extension for Nicaragua mineCondor 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...
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28 Jan
14:30Amur Minerals rock mechanics study complete for Russia mine developmentAmur 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...
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28 Jan
14:13Georgian Mining fails to gain approval for part of Bolnisi projectGeorgian 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...
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28 Jan
14:02Frenkel Topping receives takeover approach from Harwood CapitalSpecialist 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...
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28 Jan
13:59US durable good orders rise in December, though core orders fallUS 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...
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28 Jan
13:56Angus Energy completes acquisition of 51% stake in Saltfleetby fieldAngus 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...
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28 Jan
13:43Christie sells nursery business Kids Allowed to Kids PlanetHospitality 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...
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28 Jan
13:32Alba Mineral Resources testing fails to return high-grade results at Welsh mineAlba 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...
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28 Jan
13:11Kaz Minerals ups size of loan facility to $1bnKaz 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...
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28 Jan
09:53SDX Energy well in Morocco finds commercial quantities of gasSDX 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...
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28 Jan
09:48BlueRock Diamonds says Kareevlei output not materially hurt by peaceful protestBlueRock 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...
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28 Jan
09:43NWF first-half profit up 26% as fuel and food units shineSpecialist 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...
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28 Jan
09:00Intu sells Asturias shopping centre in Spain for €290mIntu 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...
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28 Jan
08:33Mortgage Advice Bureau revenue up 16%; sees profits in line with expectationsMortgage 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...
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28 Jan
08:32Audioboom to add three more shows to content slatePodcast 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...
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28 Jan
08:23OptiBiotix Health extends territories for CTC, Cambridge Commodities pactsDietary 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...
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28 Jan
08:16Next 15 warns of annual profit 'marginally' below expectationsDigital 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...
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28 Jan
08:02M&C Saatchi appoints DS Smith chairman Gareth Davis to senior board roleAdvertising 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...
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28 Jan
07:46UDG Healthcare forecast annual earnings per share growth of 7-9%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...
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28 Jan
07:20AG Barr expects profit within top end of market forecastsIrn-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...
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28 Jan
07:17Severn Trent sees annual dividend rising by around 1.5%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...
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28 Jan
07:07Segro chief investment officer Phil Redding to stand downProperty investor and developer Segro said chief investment officer Phil Redding would stand down from the board at the end of the month and leave the company at the end of April. Segro said...