Market Update Economic Events Directors Deals Commodities Prices News Market Movers

UK stocks open 0.4% higher, led by miners

Tuesday, 28th May 2019
UK stocks opened higher on Tuesday, led by mining stocks, following the exchange's closure on Monday for a public holiday.

At 0858, the FTSE 100 was up 29.29 points, or 0.4%, at 7.306.92.

Rio Tinto and Antofagasta lead miners higher, with gains of 3.4% and 1.7%, respectively.

Construction company Galliford Try rose 6.2% after it confirmed that it had rejected a £950m offer for its home building business from Bovis Homes.

Sports Direct added 0.6% on confirming that it had agreed to sell a logistics centre in Shirebrook to Kwasa Logix Sportivo for £120.1m and lease it back.

NMC Healthcare rallied 4.7% as it sealed a planned joint venture in Saudi Arabia and upgraded its annual revenue and earnings guidance as a result.

International distribution and services group Bunzl added 1.5% on news that it had appointed current Galliford Try chairman Peter Ventress as its new chairman-elect.

Guarantor loans provider Amigo gained 2.8% after it booked a large rise in annual profits underpinned by growth in its loan book.

Sub-prime lender Provident Financial gained 1.4% as it confirmed that investor M&G, which held a 1.7% stake in the company, had decided not to accept Non-Standard Financial's hostile takeover bid.

Non-Standard Financial shares rose 0.7%.

Marketing group Albert Technologies slumped 38% as it warned that its revenues were unlikely to meet expectations following a slower-than-anticipated start to the year. Indutrial product supplier Renold jumped 9.5% after it booked a rise in annual profit, driven by strength in its chains division.

One Media iP gained 5.5% on news that it had acquired the writer's share of a number of songs written by US country singer Cole Taylor for $260k.

Story provided by

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.