MARKET REPORT
22 Aug
US close: Stocks rise amid tax reform optimism
New York Stock Exchange, markets, traders, USA, stocks, shares, Wall Street. Photo: Pete Bellis

US stocks ended in the black on Tuesday amid reports of progress on tax reform on Capitol Hill.

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22 Aug
Europe close: Stocks jump on positive news from the States
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Stocks recouped their losses from the previous day on the back of positive newsflow around the White House's tax reform efforts, alongside a dip in the single currency's value as investors bide their time ahead of the start of the US central bank's annual Jackson Hole symposium on Thursday.

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22 Aug
London close: Stocks jump on US optimism, weaker pound
London, Londres

Shares finished the session higher, after a report stoked optimism that the White House might be making headway in its tax reform efforts and helped along by well-received results from the likes of Persimmon and BHP Billiton, although subprime lender Provident Financial nosedived after another profit warning.

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22 Aug
US open: Stocks snap higher on tax reform optimism
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Wall Street was bouncing back in early trading, goaded by reports of progress on tax reform on Capitol Hill.

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22 Aug
Frontera Resources progressing with Block 12 in Georgia
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Europe-focussed independent oil and Frontera Resources updated the market on its operations related to ongoing work at Block 12 in Georgia on Tuesday.

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22 Aug
Frutarom gobbles up Swiss flavour makers Mühlehof Gewürze
Food manufacturing

Frutarom Industries announced on Monday it had signed an agreement that would see them acquire 100% of Swiss company Mühlehof Gewürze.

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22 Aug
Atos finalises reseller agreement with Dell
Internet

Digital transformation specialists, Atos announced on Tuesday that it had taken steps to further strengthen its relationship with Dell EMC by way of a reseller agreement that would see Dell resell Atos's high-end 8 to 16 sockets x86 Bullion servers.

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22 Aug
Nostra Terra updates market on Pine Mills situation

Oil and gas exploration and production company Nostra Terra updated the market on its progress to secure the remaining 12. 5% stake in the Pine Mills oil field through a non-appealable court judgement against Hammerhead Management Partners on Tuesday.

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22 Aug
Wednesday preview: WPP results under spotlight, while eurozone and US PMI eyed
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Wednesday offers a slight lull in the week, but there is still a barrage of services and manufacturing purchasing managers' index surveys across Europe and from the US, plus results from WPP and Premier Oil.

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22 Aug
Premier African Minerals portfolio firm makes good progress
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Mining and exploration company Premier African Minerals was upbeat on the progress being made by its portfolio company Casa Mining, it announced on Tuesday, in which it holds a 4. 5% interest.

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22 Aug
Quantum Pharma posts solid first half
cash money sterling pound

Quantum Pharma posted a sizeable improvement in revenue and earnings in its interim results on Tuesday, with revenue up 13% year-on-year and EBITDA ahead 23% at £5. 7m.

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22 Aug
BH Macro says 'political and economic uncertainties' lead to net asset value declines
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Closed-ended investment company, BH Macro posted a "modest" decline in net asset value per share of 0. 7% in its US dollar shares, while its sterling shares saw a more significant 4. 2% drop over the first six months of the year.

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22 Aug
Indonesian central bank springs surprise, cuts rates

Indonesia's central bankers surprised financial markets by lowering interest rates in South-East Asia's largest economy on Tuesday with some economists anticipating further cuts.

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22 Aug
Benchmark subsidiary renews Great Salk Lake agreement
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Benchmark Holdings announced on Tuesday that its wholly owned subsidiary, INVE Aquaculture, had successfully renewed its sales and marketing agreement with the Great Salt Lake Brine Shrimp Cooperative.

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22 Aug
Unite urges British Airways to 'pause for peace' over strike actions
british airways peru

Unite general secretary, Len McCluskey has requested British Airways "pause for peace" in an effort to ease tension between the carrier and its mixed fleet cabin crew over pay disputes and sanctions handed down to workers who refuse to cross the picket line.

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22 Aug
FTSE 250 movers: Kaz boosted by Goldman note; AA skids
Copper

London's FTSE 250 was up 0. 5% to 19,743. 36 in afternoon trade on Tuesday.

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22 Aug
FTSE 100 movers: BHP Billiton shines on results; Provident Financial battered by profit warning
London Stock Exchange AIM LSE shares

London's FTSE 100 was up 0. 7% to 7,371. 87 in afternoon trade as well-received results from BHP and Antofagasta helped to offset shocking losses for Provident Financial after a profit warning.

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22 Aug
Persimmon builds up solid six months, profit margins impress
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Persimmon’s profit before tax surged in the first half of the year as sales improved but profits margins leapt higher thanks to strong cost control.

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22 Aug
Property slowdown fails to stop Abbey
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Abbey PLC, the UK based building and property development firm, released its full results for the year ended 30 April on Tuesday that included €63. 5m in pre-tax profit, an increase of 3% on the previous year.

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22 Aug
Bushveld updates sales and marketing agreement with Wogen
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Diversified mineral development company Bushveld Minerals announced on Tuesday that, following its previous announcement on 20 March regarding a definitive sales and marketing agreement with Wogen Resources, its subsidiary Bushveld Vametco had agreed with Wogen to retire in full the $3m prepayment facility and to simultaneously increase the Vametco Alloys working capital facility by same amount from $6m to $9m.

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