Welcome to today’s Five at Five – the end-of-business snapshot of the five most impactful market stories shaping investor sentiment.
1. Anglo American and Teck agree merger to become top-five copper producer
The two miners will combine to form a copper-focused powerhouse offering over 70% exposure to copper and retaining London as its primary listing. Read more…
2. Merged Anglo-Teck will be 'more attractive' takeover candidate after merger
Analysts argued the combined entity’s stronger balance sheet and scale make it a more appealing acquisition target. Read more…
3. FTSE 100 ticks higher as miners rally on merger news
London’s index edged up 23 points to 9,242.5, driven by miners after the Anglo Teck merger and a further rise for the gold price. Read more…
4. Pennon’s South West Water fined over wastewater and sewer failures
Regulators penalised the utility for underperformance in wastewater and sewer services, raising scrutiny of infrastructure standards. Read more…
5. Accesso chief executive on H1 performance, acquisition strategy and AI opportunities
CEO Steve Brown joined Proactive to talk through trading momentum after June’s heat-wave, the integration of recent acquisitions, upcoming AI features and how the company is thinking about capital allocation. Watch here...
More small cap news
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) is buying Canvas Energy in a $550 million deal backed by Carlyle. The bolt-on acquisition boosts production by 13% and is expected to add $155 million in earnings (EBITDA) over the next year. Read more
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has brought four new wells into production in Colombia. Together they are producing over 4,800 barrels of oil equivalent per day. Read more
Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF) has completed first-phase technical work at Uruguay’s AREA OFF-3. It found up to 980 million barrels recoverable and launched a farm-out process to bring in partners. Read more
Accesso Technology Group PLC (LSE:ACSO, OTC:LOQPF) says it remains on track to hit full-year targets. Summer trading was strong, with net cash rising to $25.4 million. Read more
ANGLE PLC (AIM:AGL, OTCQX:ANPCY) is expanding partnerships with big pharma and medtech companies. Talks are underway on major contracts, even as revenues slipped in the first half. Read more
Astrid Intelligence PLC (AQSE:ASTR) has put in place an “at the market” share sale deal with Oak Securities. It’s also preparing to start trading its shares on OTC Markets in the US. Read more