Economic and Market News for 30 January 2018

  • 30 Jan
    Obtala to raise £4.5m via share issue

    Obtala said it would raise £4.5m through a share issue to provide expansion capital and help fund an acquisition. New shares in the forestry company were issued at 12.5p each. Obtala said it had...

  • 30 Jan
    LSL Property Services extends loan maturity date

    LSL Property Services said it had extended the maturity date on its £100m banking facility by two years, to May 2022. All other terms of the facility remained unchanged, the company said. At...

  • 30 Jan
    Ryanair signs recognition agreement with pilot union

    Ryanair said it had signed a union recognition agreement with the British Airline Pilots Association, which would now become the sole representative body for its pilots. This agreement comes after...

  • 30 Jan
    Nakama Group replaces CEO and chairman

    Recruitment consultancy Nakama Group said it had replaced its chief executive, while its chairman had also stood down. Nakama said Andrea Williams had been appointed CEO, having served as a...

  • 30 Jan
    Robert Walters chairman to stand down

    Recruitment agency Robert Walters said chairman Leslie Van de Walle would stand down on March 1. Carol Hui, currently a senior independent director, would replace him, the company said. Brian...

  • 30 Jan
    Ferrum Crescent records mineral resources estimate in Spain

    Ferrum Crescent announced a maiden mineral resource estimate for its Toral lead-zinc project in the Province of Leόn, Spain. The project contained an estimated 670,000 tonnes of zinc, 540,000...

  • 30 Jan
    Ixico signs new contract with existing customer

    Ixico said it had signed a new contract with an existing global pharmaceutical customer valued at $2.7m over a seven year term. Ixico would provide its technology enabled imaging services in a...

  • 30 Jan
    Amryt Pharma inks Romania, Bulgaria distribution agreement

    Amryt Pharma said it had signed an exclusive distribution agreement for its Lojuxta product covering Romania and Bulgaria with Romastru Trading, a Bucharest-based pharmaceutical services company....

  • 30 Jan
    Beowulf Mining collects positive graphite samples in Finland

    Beowulf Mining said it had collected positive graphite samples from its Aitolampi project in Finland. 'We made steady progress through 2017, and the project continues to move in the right...

  • 30 Jan
    Gaming Realms says content appearing on Ladbrokes sites

    Gaming Realms said its content had launched on a number of Ladbrokes Coral gaming sites. The games were launched through aggregator platform, Gameiom, with whom Gaming Realms has a third-party...

  • 30 Jan
    ZPG receives significant shareholder vote against remuneration report

    ZPG Group, which owns the Zoopla property website, said a significant minority of shareholders had voted against its remuneration report at the company's annual general meeting. A vote of 25.56%...

  • 30 Jan
    Wizz Air shareholders approve aircraft purchase

    Wizz Air Holdings said its shareholders had approved the proposed purchase of 146 Airbus A320neo family aircraft at an extraordinary general meeting in Geneva. At 1:11pm: (LON:WIZZ) Wizz Air...

  • 30 Jan
    Standard Chartered appoints new senior director

    Standard Chartered said it had appointed Christine Hodgson as a senior independent director. Hodgson has been an independent non-executive director of the bank since September 2013. At 1:07pm:...

  • 30 Jan
    Wolf Minerals boosts tungsten output as prices rise

    Wolf Minerals said December-quarter tungsten concentrate production and sales rose 22% and 36%, respectively, on the previous quarter. The increases came amid a rise in the tungsten price to $315...

  • 30 Jan
    Sportech continuing discussions with potential bidders for company

    Sportech said it continued to engage with selected interested parties about a potential sale of the company. 'These discussions are continuing with a timetable for seeking valid offers extended...

  • 30 Jan
    UK December net lending to individuals £3.7bn

    Net lending to individuals in the UK remained stable in December at £3.7bn, according to the Bank of England. Story provided by

  • 30 Jan
    MP Evans Group boosts annual fruit, palm oil output

    MP Evans Group said it boosted production of both fruit crops and palm oil in 2017. Total fruit crop production rose by 20% to 654,100 tonnes, while crude palm oil production rose by 23% to...

  • 30 Jan
    XLMedia appoints new director

    XLMedia said it had appointed chief financial officer Yehuda Dahan as a director of the company. Prior to joining XLMedia, Dahan was CFO of private equity firm Silverboim Holding. Story...

  • 30 Jan
    Unite Group acquires site for £195m London development

    Unite Group has agreed to acquire a close to 1,000 bed development site in London estimated to cost around £195m to build. The acquisition is subject to achieving a planning consent and is being...

  • 30 Jan
    Anglo American says value of De Beers diamond sales fell

    Anglo American said the provisional value of rough diamond sales for De Beers's first sales cycle of 2018 amounted to $665m compared with $729m a year ago. De Beers Chief executive Bruce Cleaver...

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