Market Pulse
Vedanta Resources confirms board committee changes
Vedanta Resources confirmed a number of changes to its board committees and their membership on Monday, following the company’s annual general meeting on Friday.
Melrose takeover of Nortek another step closer
Melrose Industries announced on Monday that on 6 August, the so-called “window shop period” in respect of its takeover proposal for Nortek expired, without Nortek having received a superior proposal.
London pre-open: Stocks seen flat after China data
London stocks looked set for a flat open on Monday following the release of uninspiring Chinese trade data which showed both exports and imports fell more than expected.
Smith & Nephew divests gynaecology, announces share buyback
Global medical technology business Smith & Nephew announced on Monday that it has completed the divestiture of its gynaecology business to Medtronic, for $350m.
Interserve secures BBC security contract extension
Support services and construction group Interserve has been awarded a two-year extension of its contract to provide security services to the BBC worth more than £20m.
Monday newspaper round-up: Lloyds, new post-Brexit data, banks
Thousands of retail investors are likely to be denied the chance of buying shares in Lloyds Banking Group at a discount as the government is expected to abandon the plan in the aftermath of market uncertainty caused by Brexit. The government put plans for a “Tell Sid” offer of Lloyds shares on hold in January because of market turmoil, though City sources believe that Chancellor Philip Hammond is about to abandon permanently the eye-catching offer that was announced by his predecessor during the Conservative Party conference in October last year.