Economic and Market News for 29 May 2019
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29 May
15:04DS Smith chairman Gareth Davis term extended until January 2021Packaging 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...
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29 May
14:18Porta Communications says due diligence ongoing for potential merger with SECPublic 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...
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29 May
13:26Caspian Sunrise reports positive testing results from Kazakhstan wellCaspian 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...
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29 May
13:16Armadale Capital accelerating plans to develop Tanzania graphite projectArmadale 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...
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29 May
09:39Non-Standard Financial files request to competition regulator for Provident Financial bidNon-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....
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29 May
09:30Ilika hails new processing method to enable 'rapid customisation' of battery cellsSolid-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...
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29 May
09:18Strategic Minerals delays purchase of 50% stake in Cornwall ResourcesStrategic 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...
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29 May
09:11Conroy Gold completes drilling on Slieve Glah gold targetExploration 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...
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29 May
09:04BioPharma Credit makes debt investment of up to $80m in BioDelivery SciencesLife 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...
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29 May
08:53Koovs receives £3.67m from Future Lifestyle Fashions as part of first tranche of funding agreementKoovs 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...
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29 May
08:48Benchmark in talks with AquaChile to end joint venture to operate salmon breeding facilityBenchmark 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....
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29 May
08:25Triple Point Social Housing REIT acquires UK assets for combined £39.5mTriple 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...
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29 May
08:23PureTech Health affiliate Vor Biopharma publishes key scientific paperPureTech 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....
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29 May
08:20Angus Energy raises gross £31,240 as open offer sees 'excess' take upAngus 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...
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29 May
08:20MOD Resources receives 'encouraging' funding proposals for Botswana copper playMOD 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...
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29 May
08:14Proactis inks supply agreement with identity management company GB GroupPayments 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...
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29 May
08:10Verditek and Optimeyes Energy for European solar PV ventureSolar 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...
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29 May
08:07TransGlobe Energy receives approval for Egypt development leaseTransGlobe 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...
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29 May
08:04Itaconix sells stake in Alkalon for about £0.24mItaconix 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...
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29 May
07:04McKay Securities sells Berkshire office buildings for £8.2mLondon and South East property investor McKay Securities said it had exchanged contracts to sell the Station Plaza freehold office asset in Theale, Berkshire for £8.2m. The sale was conditional on...