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FX round-up: Cable little changed, pound jumps versus Yen
Cable finished the session near the unchanged mark edging up by 0. 04% to 1. 2497 despite US dollar strength on the heels of a raft of upbeat data in the States.
Directors dealings: TalkTalk non-exec piles in
Talk Talk's Roger Taylor showed conviction in the broadband provider's prospects, making away with a very large number of shares via two purchases.
London close: Stocks end session higher as OPEC agrees to cut output
London stocks ended the session higher on Wednesday as oil prices jumped on the back of an OPEC deal to slash production.
Small cap round up
Anglo Asian Mining’s Gedabek site has been connected to the Azerbaijan national power grid in order to use cheaper power from diesel generators and enable it to expand production. Connection to the Azerbaijan national power grid is expected to generate annual savings of about $2. 3m as electricity will be bought from the grid at 3. 5 cents per kilowatt hour.
Europe close: Oil stocks drive slight gains, FTSE Mib outperforms
European stocks finished slightly higher after member countries from the Organisation of Petroleum Exporting Countries agreed to cut their combined output and amid better-than-expected economic data released on both sides of the Atlantic.
StratMin looks into gold investments
StratMin Global Resources, graphite production and exploration company, has announced that it is currently looking into investment opportunities within the precious metals sector, particularly gold, as part of the condition it must meet for its recent AIM listing.
Bezant Resources obtains gold and platinum at Columbian plant
Bezant, an AIM listed mineral exploration and development company, has recovered initial gold and platinum via its exploration processing plant on site at the FKJ 083 license area in the Choco Province of Colombia.
OPEC members reach agreement to cut oil production to 32.5m barrels per day
A meeting of the Organisation of Petroleum Exporting Countries in Vienna has led to an agreement to cut oil production levels to 32. 5m barrels per day, reducing output by 1. 2m barrels per day.
GoPro cuts 15% of its staff amid entertainment division shutdown
US tech company GoPro Inc is set to lay off 15% of its workforce as it shuts down its entertainment division in a restructuring of its action camera business.
Sanne to acquire International Financial Services
Sanne, a specialist provider of outsourced corporate, fund and private client administration, reporting and fiduciary services, has entered into an agreement to acquire International Financial Services (IFS) and its trustees for a consideration of around $127. 3m.
FTSE 100 movers: Shell and BP lead gains after Opec cuts deal
Pumped up by a reported deal to cut global oil production, oil giants Shell and BP led the FTSE 100 index 0. 6% higher by late afternoon on Wednesday.
US pending home sales tick higher in October
US pending home sales nudged up in October, according to data from the National Association of Realtors.
Results round-up
Accounting software company Sage Group’s annual revenues and earnings were slightly higher than forecast as it implemented the first phase of its growth strategy.
Trump to leave business efforts to concentrate on presidency
Donald Trump has confirmed that he will not be pursuing his business interests while he serves as President of the United States, after previously dismissing concerns that his business life would interfere with his time in office.
US open: Investors buoyed by OPEC oil production cut
US markets advanced as investors were buoyed after OPEC members agreed to slash oil production for the first time since 2008, which sent prices soaring.
FTSE 250 movers: Energy shares gain as oil rallies; Playtech slumps
London’s FTSE 250 was up 0. 1% in afternoon trade, with energy-related shares posting the biggest gains as oil prices rallied.
Chicago PMI surges past expectations in November
Economic activity in the Chicago area improved much more than expected in November, hitting its highest level since January last year.
Northern Petroleum offloads High Power assets for $2.5m
Northern Petroleum, an AIM listed oil company focusing production led growth, announced that it has agreed to divest interests in its assets to High Power Petroleum (H2P) for $2. 5m.
UK is 'Europe's investment banker' but Brexit clairity needed, says Carney
The Governor of the Bank of England said Britain is “Europe’s investment banker” but warned that greater clarity over Brexit is needed for businesses.
US personal spending rises less than expected, Commerce Department reveals
US consumer spending rose less than expected in October even as personal incomes edged higher than anticipated, the Commerce Department revealed on Wednesday.