Market News

Petropavlovsk subsidiary negotiates $340m loan

Petropavlovsk says that its Hong Kong -listed subsidiary IRC has signed a $340m debt agreement with the Industrial and Commercial Bank of China.

13/12/2010

PIK Group says Russian property market recovering

Russian property developer, PIK Group says that it sees clear signs of the market recovering and the Group is considering re-starting its regional operations.

13/12/2010

Jack-up rig expected at Varadero today, says EnCore Oil

EnCore Oil expects the Transocean Galaxy II heavy duty jack-up rig to arrive at the Varadero prospect in the UK North Sea later today.

13/12/2010

Lombard Medical submits fifth PMA module to FDA

Lombard Medical Technologies has submitted the fifth of six pre-market approval modules required for approval of Aorfix by the US Food and Drug Administration.

13/12/2010

Commodities Prices at 09:00

Name                	       Price	       Change	     %Change
Brent Crude Oil     	      91.270	        0.790	       0.870
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Amur Minerals up 50% on encouraging licence news

Shares in Russian explorer Amur Minerals jumped more than 50% after the Group said that it was confident that its mining licence application for the Kun-Manie nickel - copper project would be granted.

13/12/2010

LSR Group's Rudas increases sand reserves

OJSC Rudas - part of Russia real estate development and building material group LSR - has increased its sand reserves.

13/12/2010

Oxford Biomedica riasing £20m for development

Gene-based medicines and therapeutic vaccines developer Oxford Biomedica plc plans to raise up to £20m via a placing and a placing and open offer at a price of 5p a share.

13/12/2010

Autonomy clinches $13m deal

Software group Autonomy has clinched a deal worth in excess of $13m for the use of its promote technologies.

13/12/2010

General Electric agrees deal for Wellstream

General Electric Austria has agreed an £800m deal for Wellstream.

13/12/2010