Market Pulse
Acacia Mining hit with USD190bn tax bill from Tanzania authorities
Acacia Mining has been sent a tax bill from the Tanzanian authorities totalling around $190bn for unpaid tax and penalties from its Bulyanhulu and Buzwagi mines in the country, which the London-listed company disputes.
US close: Markets finish mixed, Alphabet beats earnings forecast
US stocks finished mixed on Monday as investors awaited corporate news from the likes of Alphabet ahead of what promises to be a busy week on the earnings front.
FX round-up: Slow news day pushes dollar index higher, euro moves fail to excite
News of any major impact was a bit thin on the ground on Monday, leading to subdued moves on the FX market.
Commodities: Oil gains as caps to production agreed by JMMC
After suffering heavy losses at the end of last week, oil received a push higher on Monday on the back of talks in Russia between OPEC and non-OPEC countries regarding global output and price stability.
UK to invest £246m in research and development into energy storage
On Monday, redT energy reported a £246m investment from the Department of Business, Energy and Industrial Strategy (BEIS) to aid in energy storage in the UK.
FTSE 250 movers: Miners Acacia and Petra dig midcaps deeper
The FTSE 250 fell on Monday, though not as much as its larger sibling, with two miners leading the retreat.
Europe close: Stocks end mostly lower as autos skid
European stocks ended mostly lower on Monday, with autos under the cosh as investors digested the latest data on the eurozone manufacturing and services sectors.
Tuesday preview: Provident Financial in focus, though Victrex could surprise
Tuesday will see the number of companies reporting step up before the throttle is turned right up later in the week, with Croda International, Informa and Segro joined by sub-prime lender Provident Financial following its recent profit warning.
Tesco to launch same day grocery delivery service across UK
Tesco announced on Monday that it will be launching its same day online grocery delivery service across the entire UK from next month.
US open: Stocks mostly lower as investors eye Alphabet earnings
US stocks were trading mostly lower on Monday as investors awaited corporate news from the likes of Alphabet ahead of what promises to be a busy week on the earnings front.
US existing home sales drop more than expected in June
Sales of US existing homes fell more than expected in June, according to data from the National Association of Realtors.
Markit's flash US manufacturing PMI at four-month high in July
Markit's flash US manufacturing purchasing managers' index came in at a four-month high in July.
Gfinity buys American esports tech firm CEVO
Esports company Gfinity acquired the entire issued share capital of American-based global provider of esports technology services CEVO, it announced on Monday, for total consideration of up to $2. 7m payable in cash and shares.
NetScientific investment receives Innovate UK grant
NetScientific updated the market on its portfolio company ProAxsis on Monday confirming it had now gained further support for its ‘ProteaseTag’ technology through a project co-funded by Innovate UK.
Ergomed completes recruitment in PeproStat study six months early
Specialised pharmaceutical services and drug development company Ergomed completed recruitment for its Phase IIb proof-of-concept study for PeproStat ahead of schedule, it announced on Monday.
Elliott wants answers on Akzo Nobel's new CEO
Activist investor Elliott Advisors, Akzo Nobel's largest shareholders, called on the Dulux maker on Monday to confirm the date of a general meeting to vote on the appointment of the nominated chief executive, Thierry Vanlacker.
China Nonferrous Gold managing director resigns
Mineral exploration and mining company China Nonferrous Gold confirmed the resignation of its managing director David Tang for personal reasons on Monday.
Rose Petroleum gets approval for Paradox seismic survey
Natural resources business Rose Petroleum responded to a recent surge in its share price on Monday, confirming that it was receiving approval to conduct its seismic survey at the Paradox Basin in Utah.
Summit Germany sells 18 small properties
German commercial property investment company Summit Germany entered into an unconditional agreement for the sale of 18 small properties for total consideration of €15m, it announced on Monday, of which €9. 1m will be in cash with the balance through a five-year loan bearing an average annual interest rate of 3%.
HICL Infrastructure reaffirms dividend guidance
HICL Infrastructure Company reaffirmed its dividend guidance of 7. 85p per ordinary share for the current financial year on Monday, as it updated the market on its year-to-date from 1 April to 21 July.