Market Pulse
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 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.
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.
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.
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.
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.
Vp shares down despite 'positive' progress
Equipment rental company Vp posted a trading update as it entered its close period on Wednesday, reporting that it maintained its positive start to the financial year with “good progress” made in the majority of its markets.
Symphony Environmental swings to profit in first half
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. 42 million in the first half of 2015.
US open: Stocks fall as investors digest data, eye Fed speeches
US stocks were mostly lower on Wednesday as investors digested durable goods data and eyed speeches from Federal Reserve officials.
Harvest Minerals begins open pit and drilling work
Harvest Minerals announced on Wednesday that it has started infrastructure work in preparation of commencing open pit mining.
US crude oil inventories slip in latest week
US crude oil inventories slipped during the latest reference week, amid a moderate decline for imports.
Gresham House revenue surges, though it swings to loss
Gresham House posted its interim results for the six months to 30 June on Wednesday, with revenue increasing 254% to £1. 7m.
Challenging environment for North Sea oil likely to persist, says Mark Carney
The challenging environment for the North Sea oil industry is likely to persist, the governor of the Bank of England said, amid a continued downturn in the price of oil.