Market Pulse
Need to consider more data before deciding on interest rate hike, Fed´s Kaplan says
The US central bank needs to consider more economic data before it decides to embark on increasing interest rates again, a top official said.
Acacia Mining buys out partners in West Kenya
Acacia Mining posted an exploration update on Monday, announcing that it has continued to enhance and expand its exploration portfolio through an agreement to accelerate the earn-in on the West Kenya Joint Venture licences in Kenya.
Europe open: Stocks push higher; banks in focus after stress tests
European stocks rose in early trade as Friday’s weak reading on second-quarter US economic growth prompted investors to scale back their expectations of a rate cut by the Federal Reserve.
Fidessa confident despite Brexit uncertainty
Fidessa posted its interim results for the six months to 30 June on Monday, with its board describing solid revenue growth, and growth across all business lines and regions.
Chinese July manufacturing PMI points to growth for first time since February 2015
Activity in China´s manufacturing sector grew again in July for the first time in a year, pointing to continued economic momentum in the third quarter of 2016 according to some economists.
Tritax Big Box completes Erith facility and extends £51m loan
Tritax Big Box announced on Monday that, following completion of the Ocado distribution warehouse at Erith, the board of the real estate investment trust has agreed terms to extend the maturity of its £50. 866m loan facility.
No evidence of misconduct with Unaoil, says Petrofac investigation
Petrofac reported on Monday that it has concluded the independent investigation commissioned by the board into allegations in the media related to the historical provision of services to the company by Unaoil, a Monaco-based company.
London open: FTSE floats higher ahead of manufacturing data print
London stocks opened higher on Monday as investors look ahead to some key manufacturing data later in the day and the Bank of England rate announcement on Thursday.
Allied Minds investment SciFluor gets nod from FDA
Life science and technology investor Allied Minds announced on Monday that one of its key subsidiaries, SciFluor Life Sciences, has achieved the necessary scientific and regulatory milestones to enter clinical trials.
Vedanta reports stable production in first quarter
Vedanta Resources posted its production numbers for the first quarter to 30 June on Monday, with production stable and the contribution from Mangala Enhanced Oil Recovery - the world's largest polymer EOR program - increasing to 42 kboepd.
Ultra Electronics H1 profit up; says Brexit may delay government contracts
Defence and engineering firm Ultra Electronics reported a rise in first-half pre-tax profit but said Brexit could affect the government’s commitment to major defence projects.
Ecobank drags on Nedbank earnings growth, says Old Mutual
Old Mutual’s majority-owned South African banking subsidiary Nedbank released its interim results for the six months ended 30 June on Monday, with headline earnings growth of 2% to ZAR 5. 427bn (£294. 56m).
Intertek's H1 profit rises, sees no impact from Brexit
Intertek reported a jump in first-half profit as revenue grew strongly and said the UK’s decision to leave the European Union was unlikely to affect the company’s growth opportunities.
Inmarsat shuns bid for debt-laden Avanti
Inmarsat has passed up the opportunity to make a bid for cash strapped smaller rival Avanti Communications, which put itself up for sale last month.
GlaxoSmithKline links with Alphabet on new bioelectronics company
GlaxoSmithKline announced a new agreement on Monday, with Verily Life Sciences - formerly Google Life Sciences, an Alphabet company - to form Galvani Bioelectronics.
London pre-open: Stocks seen higher as investors eye manufacturing PMI
London stocks were expected to open higher on Monday as investors look ahead to some key manufacturing data later in the day and the Bank of England rate announcement on Thursday.
Burberry acquires total control of China business
Burberry has taken full control of its retail business in China, snapping up the final 15% it did not own for £54m.
Monday newspaper round-up: Banks, BoE, Morrison's, BT
Britain’s top bank bosses believe an interest rate cut this week is not the best way to boost the economy, arguing instead for alternative options such as investment incentives. Markets are almost certain that the Bank of England will cut its base rate from 0. 5pc to 0. 25pc this Thursday. The move would represent a new record low, after rates have been on hold since March 2009. - Telegraph.