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OPEC reaches deal to cut output, oil futures storm higher
In a surprise move, the Organisation for Petroleum Exporting Countries's members reached an agreement - for the first time in eight years - to cut output.
FX round-up: Oil exporters' currencies gain
Cable was little changed despite indications from a top BoE official that further monetary easing might be in the offing, slipping to 1. 3019 from 1. 3023 in the previous session.
US monetary policy less expansionary than it might seem, Fed's Evans says
The US central bank might be less able to meet its inflation target if it chooses to address financial stability concerns, the president of the Federal Reserve bank of Chicago said.
US close: Stocks end higher as OPEC agrees to limit production
US stocks closed in the green on Wednesday as oil prices rose after OPEC signalled it would address the global supply glut.
Junior Doctor loses High Court battle with Jeremy Hunt
Junior Doctors have lost a high court case against Health Secretary Jeremy Hunt that challenged the legality of the new controversial contract set to be introduced next week.
Bonds: No fixed timetable for next rate hike, Fed's Yellen says
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Small cap round up
Smart plastics company Symphony Environmental Technologies announced its interim financial statements for the six months to 30 June on Wednesday, with revenues of £3. 23m down slightly from £3. 42m in the first half of 2015. The AIM-traded firm reported gross profits of £1. 63m, also down marginally from £1. 76m, with recurring expenses of £1. 47m dropping from £1. 81m.
Nike sees 8% jump in revenue but slowdown in futures growth
US sportswear producer Nike reported an 8% increase on its revenues for its most recent quarter, but investors will have been concerned by diminishing prospects for its wares as refelected in its orders.
Wednesday newspaper share tips: Wolseley, Circassia, Sage
Growth in the US market will continue to power Wolseley's performance, but with the benefit of the pound's fall on profits now behind it and faced with low demand from its UK and Nordic operations the shares look high enough at 14 times' earnings, The Times's Tempus said.
Apple to set up London headquarters at Battersea Power Station
The headquarters of Apple's UK operations will be transferred to Battersea Power Station in London, with a new "Apple Campus" to replace the eight current sites it has in the capital.
Europe close: Stocks bounce back as traders wait on OPEC
European stocks rose on Wednesday, boosted by stronger oil prices and decent gains in the banking sector as Deutsche Bank recovered from recent losses.
Reports suggesting OPEC agreement possible send Brent futures higher
Reports referencing Libyan officials said an agreement from OPEC producers on oil output might yet be reached on Wednesday, sending crude oil futures promptly higher.
Sector movers: Cyclicals pace gains
Cyclicals led to the upside on Wednesday, driven mostly by stock-specific news around the likes of Sky and Smiths Group.
Frenkel Topping purchases new head office in Manchester
Frenkel Topping Group, an AIM listed financial advisor and asset manager focused on vulnerable clients, has completed the purchase of its head office building for £0. 85m.
London close: Stocks end higher as traders eye OPEC meeting in Algeria
London stocks rose on Wednesday as investors kept an eye on the unofficial OPEC meeting in Algeria and assessed economic data.
Zoo Digital generated a 'small' profit in last five months
AIM-listed Zoo Media, a provider of services which allows TV and film content to be subtitled in any language, reported that trading in the first half of the year generated a small profit as it won several contracts with new clients.
MySale launches new partnership with Sports Direct after successful year
MySale Group, an AIM listed international online retailer, has launched a new strategic partnership with Sports Direct after reporting growth in sales for the full year.
Blackberry to stop producing smartphones in-house
Smartphone maker Blackberry announced that it would be outsourcing all its hardware from now on, as the company released its results for the quarter.
Mortgage Advice Bureau reports successful first half despite Brexit shock
Mortgage Advice Bureau (MAB), a UK-based mortgage broker, has reported a rise in both profits and market share in the first half despite uncertainty surrounding Britain deciding to leave the EU.
Coral Products trading in line with expectations
AIM-listed Coral Products, a manufacturer of injection moulded plastic products to the media industry, said that it was trading in-line win expectations while it worked towards mitigating the effects from a weak pound.