| Famous Brands' UK expansion through the 2016 acquisition of Gourmet Burger Kitchen appears to be over. After Sky News broke the news that British businessman Ranjit Boparan was buying the chain of upmarket burger restaurants in a deal that was concluded ahead of it going into administration, Famous Brands confirmed that control of the chain had been passed over to administrators. The announcement had almost no effect on its share price as it has already written off the investments after closing the funding taps back in April. Still, it's been an expensive exercise. While Famous Brands ended the day flat, shares of Hulamin, Coronation Fund Managers and Montauk shot up. Hulamin and Coronation benefitted from positive market updates, while Montauk confirmed that it plans to go ahead with a Nasdaq listing next year following a two-year postponement. Meanwhile, De Beers says sales of its rough diamonds continue to improve, helped by expected year-end holiday demand. However, the group says it's too soon to call it a sustained recovery. More on all those stories in your newsletter today. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics With gold remaining firm at around $1,900/oz and stock markets wobbly, top trader Andrew Kinsey's views on the gold market are worth a read in "Gold a must?" which examines historic and current factors affecting the precious metal. And, with the Sasol share price under pressure again despite a firmer oil price, then "Over a barrel?" provides useful context on developments in energy markets. | 