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FinnAust Mining's full year pre-tax loss widens due to recent acqusitions
Titanium and ilmenite explorer FinnAust Mining’s full year pre-tax loss widened due to the cost of recent acquisitions, with management adding it was wary of the impact the Brexit vote would have on future trading and performance.
China's credit bubble will burst, warns BIS
Excessive lending by China’s banks could lead to a financial crisis in the next three years, according to a report by the Bank for International Settlements (BIS).
Payday lender CFO agrees to pay £35m for 'unfair practices'
Payday lender CFO Lending has agreed to pay out £34. 8m of redress to more than 97,000 customers for unfair practices, the Financial Conduct Authority said on Monday.
Microsoft to shut London Skype office amid fourth quarter cuts
Skype's offices in London are set to close as parent company Microsoft makes efforts to cut costs during the fourth quarter of this year, leading to the loss of around 220 jobs.
GoldStone Resources narrows loss as Ghana development continues
Africa-focused gold company GoldStone Resources posted its interim results for the six months to 30 June on Monday, again reporting nil revenue as it continued its exploration activities, but significantly reducing its operational costs and narrowing its loss.
'Hard Brexit' would end passporting rights for City of London
A ‘hard Bexit’ from the European Union will cost the City of London its status as a financial hub, unless Britain at least remains part of the European Economic Area, the head of Germany's central bank said.
Europe midday: Stocks push higher as oil prices gain
European stocks rose on Monday, boosted by firmer oil prices as investors looked ahead to central bank meetings.
London midday: Miners lead equities higher
London stocks advanced on Monday as mining shares rallied on an increase in metal prices.
Glencore rallies on Credit Suisse upgrade
Credit Suisse upped Glencore to ‘outperform’ from ‘neutral’ and nudged up the price target to 220p from 210p.
Ofwat urges more competition in water market
Regulator Ofwat said on Monday that introducing competition into the residential water market could be worth nearly £3bn and would provide financial and service benefits to customers.
Google faces sizeable back tax bill from Indonesia, report says
Indonesia could slap Google with a $400m tax bill for last year alone, amid an investigation into possible illegal tax avoidance that has been stepped up in the wake of the European Commission's tax battle with Apple.
Styles & Wood shares plunge as company swings to small profit
Integrated property services and project delivery company Styles & Wood Group posted its interim results for the six months to 30 June on Monday, with revenue rising 2% year-on-year to £47. 1m and gross margin improving to 9. 9% from 8. 4%.
Instem shares up as revenue rises and earnings fall
Healthcare IT solutions company Instem announced its unaudited half year results for the six months to 30 June on Monday, with revenues increasing 21% to £9. 1m and recurring revenues rising 6% to £5. 3m.
US pre-open: Stocks seen higher as oil prices gain
US futures pointed to a firmer open on Wall Street on Monday as oil prices advanced.
Gateley makes second acquisition and swallows Hamer Associates
National full-service commercial law firm Gateley Holdings announce the acquisition of UK surveyors Hamer Associates on Monday.
Chinese housing market boom accelerates in August
China's efforts to cool its housing market are failing to have much effect, with a 33% annual rise in the value of new home sales in August.
Terra Capital NAV improves as profit soars
Value opportunities investor Terra Capital posted its interim results for the six months to 30 June on Monday, with a net asset value of $0. 939, against $0. 925 at the end of 2015.
Finsbury Food Group shares up on impressive results
Speciality bakery manufacturer Finsbury Food Group announced its preliminary results for the year to 2 July on Monday, with group revenue up 24. 8% to £319. 7m, 52 week revenue up 22. 4% to £313. 5m up 22. 4%, or up 5. 0% on a like for like basis.
Lyft predicts self-driving cars to power business in five years
Ride-sharing firm Lyft has predicted that most of its cars will be driverless within the next five years, as the race to get ahead in the autonomous driving competition heats up.
Investec upgrades RBS to 'hold' from 'sell'
Investec upgraded Royal Bank of Scotland to ‘hold’ from ‘sell’.