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UK stocks open 0.6% higher after Brexit delayed

Friday, 15th March 2019
UK stocks opened higher on Monday after local politicians voted overwhelmingly to delay Brexit in the hope of avoiding a disorderly departure from the EU.

At 0839, the FTSE 100 index was up 39.41 points, or 0.6%, at 7.224.84.

Pub owner JD Wetherspoon gained 2.1%, despite reporting an expected fall in first-half profit, after its sales in the six weeks to 10 March jumped 9.6%, helped by 'excellent weather'.

Restaurant Group rallied 12% after it also revealed a recent sales boost. Annual profit slumped 51% owing to write-downs and expenses for acquiring Wagamama. But like-for-like sales rose 2.8% in the 10 weeks to 10 March.

Another pub company, Ei Group, was also having a good morning, rising 2.2% after it launched an up to up to £35m share buyback.

High-end housebuilder Berkeley gained 1.2% as it reiterated its previously upgraded guidance for 8% growth in annual profit.

Proton Power Systems jumped 11% on revealing that it had agreed to form a venture in the Czech Republic with Skoda Electric to develop fuel cell electric buses.

Software company Oxford Metrics gained 3.4% on news that its motion measurement unit Vicon had signed a contract with Sandbox VR.

Symphony Environmental Technologies gained 2.6%, despite posting a fall in annual profit, as it increased R&D investment in its biodegradable plastics technology.

Content producer Zinc Media Group slumped 14% as its annual losses deepened. Story provided by

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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.