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Tuesday preview: Global PMIs, CBI Industrial Trends survey in focus
Investors' focus on Tuesday will be on the release of a barrage of Purchasing Managers survey results covering activity in manufacturing and services in the euro area, UK and US during the month of August.
Europe close: Gas price spike hits stocks
European shares finished sharply lower on Monday amid a spike in natural gas prices even as investors were already questioning just how quickly inflation would fall back in 2023.
Natural gas futures surge as Gazprom announces three-day halt to NS1 flows
Gazprom announced at the weekend that it would shut natural gas flows through the Nord Stream 1 pipeline for three days, sending gas futures sky-high.
London close: Stocks in the red as gas prices soar
London stocks finished Monday’s session in the red, as natural gas futures jumped after Russia said the Nordstream 1 pipeline would be closed for three days, and as investors eyed Friday’s Jackson Hole symposium hosted by the US Federal Reserve.
US open: Stocks slip ahead of Jackson Hole symposium amid European gas price spike
US stocks slumped at the start of the week amid concerns about growth and inflation, as investors looked to this week's central banking symposium at Jackson Hole, where central bankers it was feared would double down on their hawkish stance, and a spike in European gas futures.
Director dealings: BHP discloses share purchases by chair, non-exec
BHP Group had a couple of entries on the roster of director buys on Monday, after a large transaction was linked to its chairman, while a non-executive board member invested in American depositary shares.
FTSE 250 movers: Wizz Air slumps as CFO departs
The FTSE 250 was down 1. 7% at 19,549. 25 at 1345 BST.
FTSE 100 movers: Energy shares gain on gas supply worries
The FTSE 100 was down 0. 24% at 7,532. 40 at 1326 BST.
Berenberg still expecting 200m gbp of annual cashflow from IWG over medium-term
Analysts at Berenberg slashed their target price for shares of IWG, conceding that the three pillars of its investment thesis might take longer to play out.
Citi sees potential risks from centre-right win in Italian September elections
Italy's centre-right bloc seems to be clearly headed towards an absolute majority at the elections due to take place on 25 September, Citi said.
London midday: Stocks slip as European gas futures spike
London stocks were trading lower at the start of the week as natural gas futures jumped after Russia said the Nordstream 1 pipeline would be closed for three days of maintenance and as investors eyed next Friday’s Jackson Hole central banking symposium.
Europe midday: Shares down as investors eye ECB minutes
European shares were lower at midday at the open on Monday after China cut more key interest rates and investors digested hawkish comments from a European Central Bank policymaker.
Citi sees UK inflation hitting 18% peak in January
Economists at Citi raised their forecasts for the peak in UK inflation to 18% in the wake of the additional 25% rally in UK gas prices and 7% rise in electricity costs over the previous week.
GreenRoc reports positive results from Amitsoq drilling
Greenland-focussed minerals developer GreenRoc updated the market on the second phase drilling programme at the Amitsoq graphite project on Monday - one of the highest-grade graphite deposits in the world.
Beowulf upbeat on first results from Kosovo's Majdan Peak
Minerals explorer and developer Beowulf announced the first exploration results from the Majdan Peak prospect in Kosovo’s Mitrovica licence on Monday, and the discovery of a large polymetallic epithermal system.
Circle Property agrees sale of three office assets
Circle Property announced on Monday that, in line with its disposal strategy, it has exchanged contracts on the sale of Kents Hill Business Park in Milton Keynes, which contains around 80,576 square feet of office accommodation.
US pre-open: Stocks to fall as investors eye Jackson Hole
US stocks looked set to slump at the open on Monday amid concerns about growth and inflation, as investors looked to this week’s Jackson Hole symposium.
Another Genedrive test to be assessed by NICE
Near-patient molecular diagnostics company Genedrive announced on Monday that the UK's National Institute for Health and Clinical Excellence (NICE) has started an evaluation of CYP2C19 genotype testing for clopidogrel treatment, via a new NICE diagnostics assessment programme (DAP).
CyanConnode surges on its biggest-ever order in India
Smart mesh network technology company CyanConnode announced on Monday that its India subsidiary has received its largest-ever order.
Smoove losses widen as it invests in its offer
Conveyancing and mortgage broking technology and service provider Smoove reported a 13% increase in revenue in its final results on Monday, to £19. 2m.