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Tuesday preview: US-China trade, Rolls Royce in the spotlight
The flow of economic data is set to be quite thin, although traders' attention will likely continue to be on the US-China trade spat, particularly the risk of further escalation.
Europe close: Stocks drop further amid heightened trade tensions
Stocks across the Continent slumped after China allowed its currency to fall sharply in value against the US dollar and euro with analysts divided on just how far stocks might drop on the back of the trade war between Washington and Beijing.
Europe midday: Stocks reel as yuan drops sharply versus US dollar and euro
Stocks across the Continent are slumping after China allowed its currency to fall sharply in value against the US dollar and euro with analysts divided on just how far stocks might drop.
London close: Stocks drop after China lets yuan weaken to decade low
London stocks finished sharply lower on Monday amid escalating Sino-US trade tensions and speculation that the Prime Minister might be plotting calling snap elections after his majority in the House of Commons was cut to just one seat following a by-election in Brecon and Radnorshire.
Director dealings: Aston Martin director lowers stake
Iconic British carmaker Aston Martin Lagonda revealed on Monday that non-executive director Najeeb Al Humaidhi had disposed of 4. 0m ordinary shares in the FTSE 250-listed firm.
Broker tips: IAG, Unite, Ibstock, M&S
JPMorgan Cazenove reiterated British Airways and Iberia owner International Consolidated Airlines Group as its 'top pick' in the European airlines sector on Monday, rated at 'overweight', noting 70% return potential.
Serabi Gold delays Brazilian mine viability study results
Serabi Gold on Monday reported that its independent consultants had requested more time to complete work assessing the economic case for the company's Coringa gold project in Brazil.
China calls for halt to US agriculture purchases, says report
Beijing has instructed its state-owned companies to halt imports of US agricultural products in response to President Trump's fresh tariff proposals on Chinese goods, according to a report from Bloomberg.
FTSE 250 movers: Intu falls, Hill & Smith higher
London’s FTSE 250 was down 1. 55% at 19,953. 86 in afternoon trade on Monday, with Intu Properties leading the index lower as commodity producers dominated the top movers.
Tesco to cut 4,500 jobs in store operational changes
Tesco announced on Monday a series of operational changes that it will be carrying out at its Metro stores in the UK, putting 4,500 jobs at risk.
Pantheon Resources open data room as part of farm-out process
Oil and gas exploration company Pantheon Resources updated the market on its farm-out process on Monday, reporting that preparation of the data room to allow potential partners to undertake technical due diligence in relation to a potential farm-out of a working interest in its Alaskan projects was now “largely complete”.
US open: Stocks drop at the bell as trade war heats up again
US stocks opened sharply lower on Monday, following on from heavy losses seen across Asian indices overnight.
Belvoir H1 sales and profit 'comfortably ahead' of last year
AIM-listed property franchise Belvoir said on Monday that operating profit and revenue in the first half of 2019 were "comfortably ahead" of this time last year.
UBS upgrades Ibstock to 'buy' as risk-reward scenario skewed 'to the upside'
Analyst at UBS upgraded Britain's leading brickmaker Ibstock from 'neutral' to 'buy' on Monday, stating the despite recent downgrades, risk-reward was now "skewed to the upside".
Evgen supporting collaboration between King's College and British Heart Foundation
Clinical-stage drug development company Evgen Pharma announced its support for a new research collaboration between King's College London and the British Heart Foundation on Monday, investigating how Evgen's SFX-01 could provide neurovascular protection in ischaemic stroke through Nrf2-regulated redox signalling.
KEFI Minerals restructures loan facility in bid for flexibility
Gold exploration and development company KEFI Minerals announced a restructuring of its working capital convertible loan facility, and the entering into of a new working capital loan facility in a bid to achieve greater flexibility through the removal of the existing security charges over assets, and the extending of the loan maturity dates on Monday.
US services sector activity slows unexpectedly in July, ISM says
America's services sector slowed last month, contrary to economists' forecasts, amid a slowdown in output, new orders and price gains, although hiring did pick up.
Cluff Natural Resources upbeat on start of 3D seismic at Pensacola
Natural resources investing company Cluff Natural Resources announced on Monday that operator Shell UK has started a 3D seismic survey over the Pensacola Prospect on Licence P2252 in the Southern North Sea.
European Metals Holdings gets extension to Cinovec licence
European Metals Holdings announced the granting of an extension to the Cinovec Exploration Licence that covers the two granted Preliminary Mining Permits (PMPs) on Monday.
EasyHotel surges on £138.7m takeover bid
EasyHotel shares surged on Monday after the budget hotel chain's board recommended a £138. 7m takeover offer from a consortium of Canadian real estate fund Ivanhoe Cambridge and Luxembourg's ICAMAP Investments.