(Adds futures, news items)
* GLENCORE: Glencore GLEN.L said it was scrapping its dividend to focus on lowering debt as the COVID-19 pandemic forced it to book a $3.2 billion impairment charge. ITV: ITV ITV.L , Britain's biggest free-to-air commercial broadcaster, reported a 50% drop in adjusted earnings for the first half . SAVILLS: Real estate agency Savills Plc SVS.L reported a 69% drop in first-half pretax profit. SERCO: British outsourcer Serco SRP.L reported a 53% jump in first-half profit. AVIVA: British life, motor and home insurer Aviva AV.L said it would reduce its focus on its Asia and Europe businesses as it posted a 12% drop in first-half operating profit. IMPERIAL BRANDS: Cigarette maker Imperial Brands IMB.L said Chief Finanical Officer Oliver Tant has decided to retire. PHOENIX GROUP: Insurer Phoenix Group PHNX.L posted an 11% rise in half-year earnings and raised its 2020 cash generation target. HAMMERSON: British shopping centre operator Hammerson HMSO.L said it planned to raise 825 million pounds ($1.08 billion) through a rights issue and disposal of its 50% stake in joint venture VIA Outlets to its partner APG. MEGGITT: British engineer Meggitt MGGT.L said its financial position and liquidity remain strong in a statement issued in response to press speculation. BOE: Britain's banks hold enough capital to keep on lending and absorb the losses that are likely to arise due to the COVID-19 pandemic, the Bank of England said. The UK blue-chip index .FTSE gained 1.1% on Wednesday with a five-month high for crude prices lifting oil majors BP BP.L and Royal Dutch Shell RDSa.L . For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
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