Market Report
Metal Tiger upbeat on drill results from Tshukudu
Strategic natural resource investor Metal Tiger updated the market on exploration activities at its joint venture, Tshukudu Exploration, in the Kalahari Copper Belt in Botswana on Thursday, reporting that the first phase of drilling at the 5km-long A4 dome had completed, with 18 of 20 holes intersecting copper mineralisation.
Vast Resources enters into $3m bridge facility
Romania and Zimbabwe-focussed mining company Vast Resources has entered into a $3m bridge facility with the Bergen Global Opportunity Fund, it announced on Thursday.
Asia report: Most markets lower as Fed hikes rates, PBOC stands pat
Most markets in Asia finished in the red in Thursday, as investors digested the Federal Reserve’s decision to raise interest rate targets for a fourth time in 2018 overnight.
Canaccord lowers target price on Rank following 'limp' first quarter
Analysts at Canaccord Genuity lowered their target price on British gambling company Rank on Thursday, citing weakened activity on the high street and poor weather conditions across the UK.
Philly Fed index drops to more than two-year low in December
Manufacturing conditions in the Philadelphia region unexpectedly deteriorated in December, to a more than two-year low, according to a survey released on Thursday.
BoE leaves rates on hold amid growing Brexit uncertainty
The Bank of England stood pat on interest rates on Thursday, as widely expected, amid growing Brexit uncertainty.
DeepMatter buys cheminformatics specialist, plans £3m placing
Digital chemistry outfit DeepMatter has acquired cheminformatics specialist Infochem from global publisher Springer Nature for a total of €2m.
US initial jobless claims rise less than expected
The number of Americans filing for unemployment benefits rose less than expected last week, according to data from the Labor Department.
Block Energy CEO confident on hitting break-even production rates
Georgian-focused oil and gas company Block Energy was confident it would be able to reach breakeven production rates at all of its three licenses in the near-term, allowing it to transform itself into a "highly profitable oil and gas company".
US pre-open: Stocks to edge up after Fed-fuelled losses
US stocks looked set for small gains at the open on Thursday following heavy losses the day before on the back of a less dovish than expected rate announcement by the Federal Reserve.
Retail sales slump in December - CBI
Retail sales slumped in December, according to the latest data from the Confederation of British Industry, with Brexit worries to blame.
Europe midday: Stocks pare back losses after Fed-inspired sell-off
European stocks pared back losses by lunchtime as the US Federal Reserve-inspired sell-off eased.
London midday: Stocks pare losses as BoE stands pat on rates
London stocks had pared losses by midday on Thursday even as the pound rose, as the Bank of England stood pat on rates, with strong defensive shares helping to limit the decline.
Europa Metals releases positive drilling results from Toral Project
Europa Metals announced results from the second phase of drilling for lead, zinc, silver and copper at its Toral Project in Spain on Thursday, confirming all three infill diamond drill holes intersected lead, zinc and silver mineralisation.
Faroe Petroleum rebuffs DNO offer again, urges shareholders to reject it
Faroe Petroleum once again rejected an offer from Norwegian oil producer DNO on Thursday, dismissing it as "opportunistic" and urging its shareholders to do nothing.
88 Energy extends bidding deadline for Icewine farm-out agreements
Alaska-focused oil and gas explorer 88 Energy now expects to finalise a farm-out agreement for its Icewine project in the first quarter of 2019 following requests to push out its self-imposed bidding deadline.
TRIG buys majority stake in Sweden wind farm, extends credit facility
The Renewables Infrastructure Group (TRIG) has exchanged contracts to acquire a 75% interest in Ersträsk Wind Farm - a 229. 1MW onshore wind farm near Piteå in Northern Sweden - it announced on Thursday.
Indivior shares rise on publication of RECOVER study design
Indivior announced the publication of the study design and participant characteristics of the ‘RECOVER’ (Remission from Chronic Opioid Use-Studying Environmental and Socio-Economic Factors on Recovery) study in the ‘Contemporary Clinical Trials’ journal on Thursday.
Berenberg slashes Asos price target after profit warning
Berenberg slashed its target price on Asos on Thursday to 4,000p from 8,300p following the online fashion retailer’s shock profit warning earlier this week.
Midatech inks evaluation agreement with Asian pharma outfit
Pharmaceutical research and development outfit Midatech has inked an agreement with an unnamed company to evaluate its Q-Sphera drug delivery platform.