Market Pulse
WTI oil futures jump after latest US DoE inventory data
US crude oil inventories registered a large fall in the latest week, alongside a large drop in some product stockpiles.
TUI said to launch sale of specialist travel portfolio
Tour operator TUI has reportedly chosen advisors to launch the sale of a portfolio of specialist travel brands in a deal potentially worth up to €600m as it looks to sell its non-core assets.
Target set to authorise $5 billion share buyback deal
United States retailer Target has said it will authorise a $5bn share buyback deal, upon completion of a previous plan.
US open: Stocks rise as traders mull BoJ and await FOMC policy decisions
US stocks gained as traders awaited the Federal Reserve’s policy decision after the Bank of Japan altered its stimulus programme.
Credit Suisse downgrades Imperial Brands, cuts target price
Strained consumer finances and the prospect of stiffer competition in the value segment of the market meant that Imperial Brands's shares were trading at too narrow a discount versus those of British American Tobacco, Credit Suisse said.
International Personal Finance CFO Gardner resigns
International Personal Finance said on Wednesday that is chief financial officer, Adrian Gardner, has resigned "to pursue an alternative business opportunity".
DekelOil swings to profit after record production in first half
Operator and 85. 75% owner of the Ayenouan palm oil project in Côte d'Ivoire, DekelOil Public, announced its interim results for the six months to 30 June on Wednesday, with a record half yearly production of 28,550 tonnes of crude palm oil - up from 21,836 tonnes in the first half of 2015.
Midatech Pharma pens US deal with R-Pharm
International specialty pharmaceutical company Midatech Pharma announced on Wednesday that its US subsidiary, Midatech Pharma US, has finalised a co-promotion agreement with R-Pharm US, providing additional reach and frequency for the promotion the of Zuplenz and Oravig products to oncology accounts across the US.
Credit Suisse reiterates overweight on financials, UK insurers
Credit Suisse reiterated its 'overweight' stance on global financials with a focus on names from retail banking and those issues with exposure to emerging markets.
FTSE 100 movers: It's all about the broker notes
London’s FTSE 100 was up 0. 1% to 6,839. 33 in afternoon trade, with broker notes dominating the movers.
Eleven Biotherapeutics buys Canada's Viventia Bio in all-stock deal
Eleven Biotherapeutics has bought Canada’s Viventia Bio Inc. in an all-stock deal.
MoneySwap shares suspended from trading over results delays
MoneySwap announced on Wednesday that it will not be in a position to publish its audited report and accounts for the year to 31 March by 30 September, in accordance with the AIM Rules for Companies.
Imperial Innovations invests £5.1m in new biotech start-up
AIM-listed technology investor Imperial Innovations invested £5. 1m in Artios Pharma, a new biotech start-up launched on Wednesday.
OECD slashes UK growth forecast for 2017
Forecasts for UK growth have been halved by the Organisation for Economic Cooperation and Development, as weak trade and "financial distortions" slow down global economic growth in 2017.
Results round-up
Although first-half sales declined and the dividend was short of expectations, Saga beat analyst's profits forecasts and was confident the business is on track to meet its full year targets.
Transense Tech's full year pre-tax profit falls but in line with expectations.
Transense Technologies, a provider of sensor systems for industrial, mining and transportation markets, reported a rise in full year revenue but a decrease in pre-tax profit, although it was trading in line with expectations.
WTI oil futures rise on API data showing drawdown
Data revealing another unexpected drawdown in US crude oil inventories stoked gains in crude oil futures.
PRA warns against reserve releases by insurers to sustain earnings
UK insurers should avoid the urge to cut prices due to the increased risks arising from the low interest rate environment, the Prudential Regulation Authority's boss reportedly said.
European Commission sets out plans to scrap roaming charges
The European Commission said on Wednesday that it now wants to abolish roaming fees entirely, having previously suggested a limit on free mobile phone roaming.
Walcom confident despite China difficulties
Agricultural products and feed company Walcom posted its interim results for the six months to 30 June on Wednesday, keeping its head above water despite difficulties in its main market of mainland China.