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Key News from the Proactive Investors UK Newsroom:
Strategic Minerals (LON: SML) is expected to receive US $ 4 million in the next two weeks, after reaching an agreement with its main client of the Cobre tailings management operation on the amounts owed. The client told Strategic that he would have significant funds very soon and asked for a two-week delay in bringing a lawsuit to recover the amounts owed.
Facebook is about to launch its own crypto-currency, tentatively called GlobalCoin. Trials for the new crypto should begin by the end of the year before launching in twenty countries.
Old Mutual Financial Services Group (LON: OMU) suspended its chief executive, Peter Moyo, because of "the bursting of trust between him and the board of directors."
The Fevertree Spirits Mixers Group (LON: FEVR) told shareholders that its operational progress has been encouraging this year, while reminding them that last year's performance was exceptional, particularly in the UK.
Computer chip manufacturer IQE (LON: IQE) warned that it was facing short-term business disruptions due to the ban by the US to deal with the company Chinese Huawei. IQE said orders could be delayed and stocks could be adjusted, although this should not affect more than 5% of revenues.
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