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Market report: FTSE opens lower despite US all-time highs

Despite record highs for both the S&P 500 and Nasdaq overnight - the FTSE got off to a negative start this Wednesday. The stronger than expected rise in consumer price inflation is playing its part with the cost of living jumping by 1.1% in July - it’s highest rate since March.

Pizza Express (LON:PIZ) has confirmed that 73 of its UK restaurants will remain shut permanently, with the potential loss of 1,100 jobs. The restaurant chain said it had cut a deal to reduce rent costs on its 454 UK outlets. 

Following regulatory approvals in Kenya - Shanta Gold (LON:SHG) has completed its acquisition of the Acacia Exploration (AEKL) Kenyan gold assets from Barrick Gold. 

Oriole Resources PLC (LON:ORR) has told investors that its Turkish subsidiary has continued to trade profitably during 2020 - with cash flow in the year to date around £162,000.

Plus500 Ltd (LON:PLUS) has signed a deal to sponsor the Italian football team AtaLanta B.C --- players will begin wearing their logo jersey from September 1st as part of a three year deal. 

Finally - two fundraising events today - Europa Metals' (LON:EUZ) has raised £2mln for it's Toral project in Spain. And Alpha Growth (LON:ALGW) has raised £500,000 to fund development of the company's strategies.

Quick facts: Shanta Gold Limited

Price: 17.5 GBX

AIM:SHG
Market: AIM
Market Cap: £148.5 m
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Shanta Gold 'one of the best looking junior gold companies in London', says...

Mining Capital's Alastair Ford says Shanta Gold's (LON:SHG) been making a lot of interesting noise around its latest acquisition of the West Kenya project. ''What interests me most about this project is that within what could turn out to be a district play there could be several large gold mines...

1 week, 4 days ago

2 min read