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Nigeria President dissolves state oil company board: Nigeria’s President has dissolved the board of the country’s state-run oil company, taking a promise to stamp out corruption in the country’s economy straight to the heart of its largest player.

Sugar cashes in on Burberry site: Lord (Alan) Sugar has sold Burberry’s old flagship store on London’s Haymarket for £65 million, to a wealthy Qatari investor, netting a healthy profit for his Amsprop group.

Building boost sparks fresh fears of rate rise: Britain’s growth rate is set to be revised up this week after an about-turn on official estimates of the performance of the construction industry. The figures will stoke the debate about when the Bank of England will start raising interest rates.

Sky and Liberty join £4 billion race for F1: Broadcasting giant Sky and John Malone’s Liberty Global are weighing offers for a £4.5 billion controlling stake in Formula One, gatecrashing the plans of a Qatari-backed consortium to take control of the sport.

Sale signals end of Rio Tinto’s 60-year presence in Zimbabwe: Rio Tinto is to sell its businesses in Zimbabwe, bringing a 60-year presence in the country to a close.

Oil firms captured a lot of market attention this past week. Royal Dutch Shell officially filed its £47 billion acquisition of BG Group with competition regulators in Brazil, seen as a major hurdle and key area for the company’s interest

Oil prices ended slightly higher last week, after the EIA and the API, both reported a decline in crude oil inventories in the US. However, the commodity pared some of its gains after the EIA’s report also showed that stockpile of refined fuels such as gasoline recorded an increase last week. Brent crude oil prices fell 0.6% to $ 59.63/barrel.

Are very much welcome and we await further updates on the company's drilling campaign in the run up to their stated aim of a Resource Upgrade.

Yes; I should have stated 15k-20k Tonnes pa

Would indicate to me the current Copper Resource of KLG is worth circa £27/28m if one were to use the same valuation benchmarks and ignoring the fact that KLG's Copper grades are marginally better than Altona. Owen Hegarty is a star in South East Asia; he has raised in excess of $450m for various private companies owned by Tiger Realm in early 2015. Moreover; Owen and Tony are fully aware the KLG assets are undervalued by equity markets in Canada and UK and are determined to rectify this disconnect between the perceived NAV and equity valuation in two steps: 1. Upgrade the Resource by the end of this year in two stages; late August and late Dec/Early Jan 2016 2. Get Scoping Study and PFS in 2016 as a prelude to get project finance to go into production initially at 15k-20k in year 1 and thereafter 20k-30k per year from year two. Today's RNS tells me the market has called 1.26p as the bottom price as we await further drilling updates from the company.

Wood Group still a sell as profits fall: Wood Group the oil services company, said that first-half results were lower than the same stage last year. However, it still expects full year earnings to be “broadly in line” with market expectations. Questor is not as optimistic and thinks the shares have further to fall. The FTSE 250-listed company is split into three divisions. Its engineering division, which provides services for deepwater platforms, subsea pipelines and mature field production support and enhancement, contributes about 37% of group profits. This business won’t be hit as hard from lower oil prices as it supports existing rigs producing oil. Questor believes the slump in rig activity will have a negative impact on profits at PSN and drag the company far short of analyst expectations. That market consensus is for pretax profits to fall to about $372 million at the end of December, from $475 million last year. The shares trade on 13 times forecast earnings and Questor remains negative on the outlook. Wood Group at 674p-5.5p. Questor says “Sell.”

Britain’s newest property problem child - and it’s no longer London: Residential property values in Oxford have surged by £41,700 on average over the past year, nearly four times higher than gains in the wider U.K. and a whisker above the £38,900 house price rise registered in London.

Baptism of fibre: Miles Roberts, Boss of DS Smith, extols the power of corrugated cardboard with an air of southern evangelism. Investors are born-again believers. Shares in the European packager have risen 182% in three years. They advanced again on Thursday after profits rose a righteous 20% to £200 million, valuing the group at £3.6 billion. Mr Roberts preaches a better way. DS Smith aspires to make containers fast and flexibly for manufacturers and retailers, while recycling their waste. That should protect margins. Mr Roberts testifies the adjusted return on sales will rise to 10% from 8.8% at the end of April. DS Smith could backslide unless it keeps recruiting devout board makers. Cost savings from the integration of SCA — a transformational acquisition three years ago — have all been made. The group must persist with fiddly but lower risk bolt-ons, such as the purchase of the €190 million corrugated business of Iberia’s Grupo Lantero.

City of London Corporation to embark on mass housebuilding: The City of London Corporation is to embark on its first major housebuilding programme for half a century, in an attempt to help ease what Square Mile employers say is the biggest challenge they face: housing for their staff

Cuadrilla fracking application rejected by Lancashire councillors: Councillors have rejected an application to frack in Lancashire in a setback for the shale gas industry

Network Rail prepares ground for £1 billion sale of its properties: The beleaguered Network Rail has hired bankers at Rothschild to look into selling a commercial property portfolio that could be worth over £1 billion, The Independent can reveal

Oxbridge home prices soar as buyers wise up: Oxford had the biggest rise in house prices of any city in Britain in the past year, according to the residential analyst Hometrack.

UK CBI distributive trade survey's retail sales balance declined in June The CBI distributive trade survey's retail sales balance registered a drop to 29.00% in June, in the UK, compared to a level of 51.00% in the prior month. Markets were expecting the CBI distributive trade survey's retail sales balance to drop to a level of 35.00%.

At 0330GMT today, Brent crude oil one month futures contract is trading 0.32% or $0.20 higher at $63.40 per barrel. Yesterday, the contract declined 0.46% or $0.29, to settle at $63.20 per barrel, extending its losses from the previous session.

Westfield splashes out on luxury quarter: Westfield said it plans to spend millions of pounds on the expansion of its luxury shopping quarter at Westfield London