Source - SMW
The FTSE 100 was stable at 6,784 after the UK's manufacturing output rebounded to a ten-month high in August to a reading of 53.3.

Housebuilders were up, with Berkeley (BKG), Taylor Wimpey (TW.) and Barratt (BDEV) trading up to 4% higher.

Lloyds (LLOY) and HSBC (HSBA) also pushed the blue chip index higher.

West Texas Intermediate (WTI) crude oil nudged lower to $44.67 and Brent crude oil retreated 0.2% to $46.77 per barrel, respectively. 

Gold slumped at $1,305 per ounce, while copper rose 0.4% to $4,585 per tonne.


Ascential (ASCL) slumped 4.2% to 253.7p after major shareholders Apax and the Guardian Media Group (GMG) reduced substantial chunks of their respective stakes, leading two representative directors to leave the board. A total of 80 million shares were sold at 250p.

Speedy Hire (SDY) continued its struggle with shareholder Toscafund over the potential merger with HSS (HSS). The company urged investors to reject proposed resolutions.

Recruiter Hays (HAS) nudged lower despite considering a special dividend, after revealing net fees in UK were flat due to concerns over the economy impacting client and candidate confidence.


Energy exploration firm Andalas Energy and Power (ADL) sealed a co-operation deal to fast-track commercialisation of marginal gas fields within Pertamina's acreage in Indonesia.

Power transmission products supplier Renold (RNO) disappointed investors after announcing it may close its loss-making Lille distribution centre in France.

A subscription cash call for £500,000 of working capital from African Potash (AFPO) caused its share price to crash 29.2% due to a discount for new shares.

Mayan Energy (MYN) dropped 31.9% after raising £500,000 at a discount to install equipment and infrastructure to permit sales of natural gas.

Former resources minnow ZincOx (ZOX), which is a cash shell after selling its operations, struggled as it closes in on a stock trading suspension on 28 October if it cannot find a business to buy. Shares plummeted 39.3% to 0.43p.

Car retailer Vertu Motors (VTU) reported robust half-year trading and confidence in delivering record full-year sales profits, as the firm avoided post-Brexit blues.

Underwhelming full year profits at industrial products manufacturer 600 Group (SIXH) pushed shares 10.5% lower. Counter-intuitively broker FinnCap said the results were marginally higher than its forecasts. 

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Andalas Energy & Power (ADL)

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