Economic and Market News for 29 August 2019
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29 Aug
09:55Brickability Group starts trading on AIMBrickability Group started trading on AIM under the ticket 'BRCK' after raising £57m in its initial public offering. The IPO was priced at 65p a share, valuing the company at £150m. At...
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29 Aug
09:51Live Company Group inks 5-year agreement with Imagine Exhibitions to boost reach in North AmericaLive Company Group said its subsidiary, Brick Live International, entered into a five-year agreement with Imagine Exhibitions to boost its reach in North America. Brick Live international (BLI)...
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29 Aug
09:46Dechra acquires Ampharmco for $30mDechra said it had acquired Ampharmco for $30m in cash. Ampharmco (APC), founded in 1999 as a veterinary contract manufacturer, specialised in companion animal products and subsequently received...
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29 Aug
09:41Frontier says 'highly likely' merger with Science Group will receive shareholder backingFrontier said it was 'highly likely' its tie-up with Science Group would receive shareholder approval at a general meeting as merger talks resumed after the latter increased its ownership in the...
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29 Aug
09:23Goals Soccer Centre invites offers for business amid fraud allegationsFootball pitch operator Goals Soccer Centres said it had started a process to invite bids for its business and assets amid accusations of fraud by its former executives. The company said earlier...
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29 Aug
09:11Horizonte Minerals inks royalty agreement with Orion Mine Finance to fund nickel project in BrazilHorizonte Minerals signed a royalty agreement with Orion Mine Finance to fund the development of its Araguaia ferro-nickel project in Brazil. Under the agreement, Orion would provide an upfront...
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29 Aug
09:07JLEN acquires Warren Power for a total of up £15.6mEnvironmental infrastructure fund JLEN said it had acquired Warren Power for a total of up £15.6m Warren Power owned 100% of the equity in Warren Energy, which held the rights and operational...
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29 Aug
09:03Global Ports signs 25-year concession agreement for Prince George Wharf at Nassau cruise portCruise port operator Global Ports said Nassau Cruise Port had signed a 25-year concession with the Government of the Bahamas for the Prince George Wharf and related areas, at Nassau cruise port....
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29 Aug
08:51Chesnara profits higher, but warns low interest rates will dent cash generationPension and Insurer administrator Chesnara reported a jump in profit, though warned that low interest rates would keep a lid on cash generation. For the six months ended 30 June, pretax profit...
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29 Aug
08:38Bushveld Minerals gets green light to acquire Vanchem assetsPrimary vanadium producer Bushveld Minerals said it had received approval from the Competition Commission of South Africa to acquire the Vanchem assets. 'The transaction remains on track to be...
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29 Aug
07:49Amigo resets annual expectations blaming weaker economic outlook, higher impairmentGuarantor loans provider Amigo reset annual expectations blaming a weaker economic outlook and expectations that impairment would remain at a higher level than previously expected. The company...
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29 Aug
07:34Dev Clever enters commercial partnership with One Voice DigitalDev Clever said it had entered a commercial partnership agreement with One Voice Digital to boost the latter's consumer engagement efforts. One Voice Digital was a collaboration with the...
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29 Aug
07:29Diversified Gas & Oil to acquire assets of EdgeMarc Energy for $50mDiversified Gas & Oil said it had acquired the assets of EdgeMarc Energy for $50m. Under the agreement, DGO would acquire EdgeMarc's natural gas development, production and exploration assets...
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29 Aug
07:14AstraZeneca lupus drug meets primary goal in clinical trialAstraZeneca said its lupus drug had met its primary goal in a clinical trial. The Phase III Tulip 2 trial for anifrolumab, a potential new medicine for the treatment of systemic lupus...