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Morning Report: Crispin Odey wades into Sirius Minerals takeover battle

Headlines from the Proactive UK newsroom.

Crispin Odey has slammed the proposed takeover of Sirius Minerals (LON:SXX) by Anglo American. His hedge fund, Odey Asset Management, has declared a 1.29% stake in the potash group and says the 5.5p per share offer is not fair and should not have been recommended.

Sunrise Resources (LON:SRES) says recent market developments have resulted in increased demand for both its perlite and natural pozzolan products. Concrete trials by two large cement/ready-mix companies which were benchmarked against existing commercial sources of pozzolan came back with positive results.

Chaarat Gold (LON:CHG) says it remains on track for first production from the Tulkubash mine in the Kyrgyz Republic late next year as it updated on the performance of its operation in Armenia.

SkinBioTherapeutics (LON:SBTX) has signed a second commercial deal for its probiotic skinbiotix platform. Dutch firm Winclove will work with Skinbio to develop a food supplement to help manage the skin condition psoriasis.

UK car maker Jaguar Land Rover says it will start to run out of parts for its cars in two weeks due to the impact of the coronavirus on its Chinese supply chain. The virus has caused factories to shut down across the country.

Dan Frumkin has been made the permanent chief executive of Metro Bank after a few months of relative calm for the embattled bank. He became interim CEO at the start of the year having joined in September as chief transformation officer.

Qatar Airways has increased its stake in British Airways-owner IAG from 21.4%t to 25.1%. 

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