Economic and Market News for 28 October 2019

  • Oct 15, 2019
  • Stock Market Wire

Independent Oil and Gas said it had made a final investment decision on its core project in the UK North Sea. The company said it had also completed the sell down of a stake in the asset to...

Cadence Minerals said investee company Auroch Minerals had reported encouraging assay results from a maiden drilling programme at its Saints Nickel project in Western Australia state. Highlights...

Kodal Minerals said it had raised £0.25m from a share issue, as it continued to develop the Bougouni lithium Project in southern Mali. New shares in the company were issued at 0.05p each. At...

Fintech software group TechFinancials said it had completed a share purchase agreement to sell its entire holdings in loss-making asset MarketFinancials to M&N Equity Research for €0.1m....

Cinema chain Cineworld said it had appointed Helen Weir as an independent non-executive director. Weir was chief financial officer of Marks & Spencer between 2015 and 2018, and finance...

Catalyst Media said Sports Information Services (SIS), in which it owned a 20.54% stake, warned on profits after making additional provision for ongoing litigation. The company also said it would...

Botswana Diamonds said its associate Vutomi Mining had been granted a mining permit for the Marsfontein mine. Vutomi had partnered with Eurafrican Diamond Corporation (EDC) to mine and process...

Sweetener producer PureCircle said its shares had been suspended from trading, pending the publication of its full-year results. 'A further update on the expected date for publication of the...

Venture capital firm Draper Esprit said three of its portfolio companies had raised new funds. Core portfolio company RavenPack, a big data analytics provider for hedge funds and banks, had...

Emmerson said its upgraded mineral resource estimate of its Khemisset potash project in Northern Morocco had delivered a 72% increase in total resource to 537m tonnes of potash. The recalculation...

BlueRock Diamonds said it had sold a 20.72 carat diamond for $236,000 in an October tender. That was the highest value achieved for the Kareevlei diamond mine to date for a single stone; the...

AI data analytics company Ixico said it had secured three new biopharma contracts and appointed Lammert Albers as chief business officer, effective immediately. The three new contracts included a...

Marine operator Sutton Harbour said that it had appointed Corey Benjamin Beinhaker as its new chief operating officer. Beinhaker had been working closely with the company since January 2018 when...

Edenville Energy announced the appointment of Alistair Muir as chief executive officer with effect from 1 November 2019. Muir joined the company's board as a non-executive director on 25...

Benchmark said it was in line to receive $8.75m from AquaChile, representing the final payment following the agreement to dissolve their joint venture. Payment was due within five days of signing....

Dev Clever said it had launched its careers' guidance platform in line with the start of the new academic year, with a view to breaking into the UK and other markets, including North America....

Smart infrastructure solutions company Costain said it had been awarded a range of new highways contracts in the last quarter, totalling over £150m. The projects awarded incorporate a mix of...

Wameja said its HomeSend payments joint venture with Mastercard was continuing to evaluate its funding requirements. Wameja said it had remitted €1.78m to HomeSend SCRL under a loan facility...

Kosmos Energy said the Orca-1 exploration well drilled in a venture with BP had made a 'major' gas discovery offshore Mauritania. The Orca-1 well, which targeted a previously untested Albian...

Reabold Resources said it had significantly progressed discussions with certain existing shareholders to progress its proposed equity swap, though 'certain legal and administrative issues' had...

SolGold reported higher recoveries and gold concentrate grades at its Alpala project in Ecuador. 'SolGold is heartened by the progress we have made to better understand the metallurgical aspects...

Content solutions provider Ingenta said it had secured two further new deals for its commercial software platform worth £425K, from customers based in the UK and US. he combined implementation and...

Cairn Energy said an exploration well offshore Mexico was found to be dry following drilling. The exploration target of the Alom-1 well on Block 9 was to prove hydrocarbons in stacked Pleistocene...

Rockfire Resources said drilling completed at its Plateau gold deposit in Australia's Queensland state indicated that it hosted significant sulphide mineralisation. A 141 metre interval had...

HSBC reported an 18% drop in profit in the third quarter and downgraded its outlook as revenue was expected to be softer than expected amid a challenging environment. The bank said it no longer...

Oncology and rare diseases focused Midatech Pharma said it had closed a previously announced offering of American depositary shares to raise $3.0m. The shares were offered at $1.00 each,...

Financial services group Randall & Quilter said Florida-based insurance unit Accredited Surety and Casualty Company had entered into a new program partnership with M. G. Skinner &...

Cairn Energy said that an arbitral tribunal had indicated that a decision over the company's $1.4bn tax claim against the Indian income tax department would be made in the summer of 2020. 'The...

Advertising group S4Capital said it had acquired London-based media and data science company ConversionWorks and South Korea-based data and analytics consultancy Datalicious, both for an...

Hostel group Safestay said it had agreed to acquire Greek hostel AthenStyle for €1.5m. The 150-bed hostel first opened in 2008 and was a well-established base for visitors to explore the Greek...