Market Pulse
Europe open: Stocks edge higher as oil prices firm; Fed in focus
European stocks edged higher in early trade amid firming oil prices, as investors awaited the Federal Reserve’s latest policy announcement and further clues on the path of US interest rates.
Allied Minds forms cancer drug arm with NYU School of Medicine
Allied Minds has launched a new subsidiary to develop potential cancer drugs from compounds developed by the New York University School of Medicine.
Tritax Big Box lifts final dividend
Investor in massive logistics buildings, Tritax Big Box, increased its dividend on Wednesday by 1. 85p to 6p, as its released its full year results for 2015.
BGEO's Georgia Healthcare acquires GPC for $14m
BGEO Group, the holding company of JSC Bank of Georgia, said one of its subsidiaries has signed a binding memorandum of understanding to buy Georgian pharmacy chain JSC GPC for $14m (£9. 9m) in cash.
Currency headwinds push Hikma Pharmaceuticals profits down
Drug group Hikma Pharmaceuticals reported revenue of $1. 44bn (£1. 02bn) in its final results for 2015 on Wednesday, down 3% on what was an exceptionally strong 2014.
Tullow Oil announces strong oil shows at Kenya well
FTSE 250 oil and gas exploration group Tullow Oil said its Cheptuket-1 well in Northern Kenya has encountered good oil shows.
London pre-open: Stocks seen a little higher ahead of Budget, FOMC
London stocks are set to open a little higher on Wednesday as the focus shifts to Chancellor George Osborne’s Budget and the rate decision from the Federal Reserve.
Wednesday newspaper round-up: Budget, Sorrell, Barclays, Fed, Sports Direct
George Osborne will today admit he has broken two out of the three fiscal rules he set down after last year’s election, as he sets out a Budget constrained by slowing growth and weakening public finances. Mr Osborne will use whatever cash he can find to promote the life chances of the “next generation”, with a promise to improve schools, build more homes and raise the income tax threshold for low and middle earners. – Financial Times.