Economic and Market News for 29 May 2019

Packaging group DS Smith said that chairman Gareth Davis' term had been extended to 3 January 2021, at which point he was expected to retire. A recruitment process for a replacement would be...

Public relations firm Porta Communications said due diligence was ongoing in regards to a possible merger with Italy's SEC. An update on the progress of the deal would be communicated to...

Caspian Sunrise said an initial evaluation of the third core sample taken from an exploration well in Kazakhstan showed it to contain the same signs of secondary porosity and oil staining as with...

Armadale Capital said it was accelerating plans to commercialise its Mahenge Liandu graphite project in Tanzania ahead of an anticipated completion of a definitive feasibility study in the fourth...

Non-Standard Financial said it had filed documents to the UK's Competition and Markets Authority in relation to its hostile takeover bid for rival sub-prime lender Provident Financial....

Solid-state battery technology company Ilika said it had developed processing methods to enable 'rapid customisation' of its Stereax thin film cells to match customers' requirements. The...

Strategic Minerals said it had agreed to defer an initial payment to New Age Exploration for the acquisition of a 50% shareholding in Cornwall Resources. The payment had been delayed until 27...

Exploration and development company Conroy Gold said it had completed a 600m drilling programme on its Slieve Glah gold target in the Longford–Down Massif in Ireland. The primary focus of the...

Life sciences debt investor BioPharma Credit entered into a senior secured term loan agreement for up to US$80m with BioDelivery Sciences and also announced it had acquired 5m shares in the latter...

Koovs confirmed that it had about £3.67m from the first tranche of funding agreement with Future Lifestyle Fashions. As part of the funding agreement, Future Lifestyle Fashions subscribed for...

Benchmark said it was talks with AquaChile to dissolve their joint venture as the company seeks to reinvest the funds to take control of the salmon breeding facility currently owned by the JV....

Triple Point Social Housing REIT said it had completed the acquisition of 12 supported housing properties in the UK. It had also exchanged contracts on a further three supported living properties...

PureTech Health said affiliate Vor Biopharma had announced the publication of a paper in a scientific journal supporting its approach to treating cancer via engineered hematopoietic stem cells....

Angus Energy said it had raised gross proceeds of £31,240.78 following the open offer announced on 10 May. The open offer saw excess take up of 148,576 shares, yielding a total of 735,076 new...

MOD Resources said it had received 'encouraging' proposals from several parties interested in potentially supply debt to its T3 copper project in Botswana. 'The company and its advisers have begun...

Payments company Proactis Holdings said it had signed a supply agreement with identity management specialist GB Group. The agreement would support the delivery of Proactis' accelerated payment...

Solar PV manufacturer Verditek and Optimeyes Energy said they had signed a framework agreement to jointly advance commercial opportunities in Europe. The companies would collaborate on projects in...

TransGlobe Energy Corporation said it had received approval for a development lease in Egypt. The South Ghazalat lease was targeting an initial 1,000 barrels of oil per day from the upper Bahariya...

Itaconix sold its stake in Alkalon, a privately-held Danish nicotine gum company to existing shareholders, including Helmich Invest ApS, Nolta ApS, Solco ApS, and Commerce Pharma Holding ApS for...