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Investor Update: Oriole reports good incidences of gold in soil samples at Wapouzé

Top stories from the Proactive Investors UK newsroom:

Oriole Resources (LON:ORR) has reported good incidences of gold in soil samples at its Wapouzé project in Cameroon. The junior says the gold traces are a pretty good indicator that there is potential for economic-grade gold in the system.

Bluejay Mining (LON:JAY) has submitted its Pre-Feasibility Study for the Dundas Ilmenite in Greenland. Lodging the PFS is the final item needed to get the green light to mine.

Fiat Chrysler has dropped its plan to merge with French carmaker Renault.  According to reports Renault board members couldn't reach a decision on the deal after the French government, which has a 15% stake in the car group, requested a postponement.

Ford, meanwhile, is set to announce its engine manufacturing plant at Bridgend, Wales is to close with the loss of 1,700 jobs. Reports this morning suggest Ford Europe and bosses from the United States will meet union leaders at its Essex headquarters today.

Clothing store Joules has shrugged of the uncertainty elsewhere on the high street to post a 17% increase in sales in the year to May. Retail revenues rose 22.5% to £159mln, or by 10% on a like-for-like basis.

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