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Small caps news round-up
Nostra Terra Oil and Gas announced a new acquisition on Monday, with the purchase of producing assets in the Permian Basin of New Mexico from Alamo Resources II. The AIM-traded company agreed to pay $3m to acquire a 60% working interest in the producing assets located in the southwestern US state. $2. 7m was due by 31 March, and an additional $0. 3m was due one year later, payable in cash or shares in Nostra Terra at its own discretion.
Vipera directors pick up 1.1m shares
Four of the directors of Vipera, a specialist provider of mobile financial services, bought a total of 1. 05m shares in the company at 3. 25p each.
OMG partners with Vizrt for virtual studio solution
Television producers were set to have a new virtual studio solution available on Monday, with the announcement that the Vicon division of Oxford Metrics Group (OMG) was forming a strategic partnership with Vizrt.
Nostra Terra acquires its way into Permian Basin
Nostra Terra Oil and Gas announced a new acquisition on Monday, with the purchase of producing assets in the Permian Basin of New Mexico from Alamo Resources II.
Google faces further EU competition probes
Google is facing further antitrust investigations by the European Union's competition regulator, according to reports of a follow-up probe after charges were made last year.
Home Retail surges ahead of possible bidding war
Shares in Home Retail surged on Monday following media reports over the weekend that Sainsbury’s could seek an extension to the Takeover Panel’s 18 March deadline, after South African retailer Steinhoff made an offer to the Argos owner.
Cable & Wireless reveals further details on Liberty Global takeover
Cable & Wireless Communications shares rose on Monday after the company said it had reached an agreement on the terms of Liberty Global’s proposed takeover deal.
FTSE 100 movers: Miners lead index back over 6000
The FTSE 100 was back over 6,000 points on Monday, with the index up 106. 09 points (1. 78%) to 6,056. 32.
Mexican retail sales fall unexpectedly in December
Retail sales in Mexico were much weaker than expected at the end of 2015, but at least one top broker continued to hold out hope that the North American country´s economy would be able to weather the ongoing recession in its manufacturing sector.
Atlas breaks ground on Ethiopia bottling plant
Atlas Development & Support Services announced on Monday it had begun ground-clearing at its Chancho Project in Ethiopia, a new facility which, once completed, would have the capacity to produce 105 million 330mL glass bottles per annum.
Markit's flash US manufacturing PMI drops more than expected
Markit’s flash US manufacturing PMI fell to 51. 0 in February from 52. 4 the previous month, missing economists’ expectations for a reading of 52. 0.
US open: Stocks advance as oil prices rally
US stocks rose on Monday as a rally in oil prices offset disappointing manufacturing data.
Harvest Minerals completes mapping and survey at Arapua
Harvest Minerals was full of confidence on Monday, announcing the completion of its geological mapping programme and ground geophysical survey at the Maximus Prospect, part of the Arapua Fertiliser Project in the Brazil.
Bank of Ireland targets return to dividend payments in 2017
Bank of Ireland´s profits soared last year as the lender ramped up new lending even as it continued to strengthen its balance sheet.
Sysco to buy London-based Brakes Group for $3.1bn
US foodservice distributor Sysco Corp has agreed to buy London-based peer Brakes Group from Bain Capital Private Equity for around $3. 1bn (£2. 2bn).
Vodafone and Liberty Global JV credit positive, says Moody's
Vodafone’s joint venture with Liberty Global in the Netherlands is credit positive for the FTSE 100 company and Ziggo, Moody’s Investors Service said.
Savannah Resources releases remaining Oman drill data
Savannah Resources revealed the remaining results from its reverse circulation (RC) and diamond drilling programme at Blocks 4 and 5 in Oman on Monday, which were prospective for copper and gold.
Tuesday preview: Market braces for batch of full year earnings results
The market is bracing for a busy day of full year earnings releases from a slate of FTSE 350 companies on Tuesday.
Monday broker round-up
Coca-Cola Hbc: JP Morgan reiterates neutral with a target price of 1450p, Nomura stays at buy with a 1330p target and Deutsche Bank keeps at hold with a target price of 1500p.
IEA warns of risk of oil price spike in medium-term
The recent sharp drop in crude oil prices, while welcome by consumers, raised the risk of a spike in prices in the medium-term due to insufficient demand, according to the rich-world´s energy watchdog.