London is back in positive territory after last night's historic 55% to 45% victory for the 'better together' campaign on Scottish independence. The FTSE 100 adds 53 points in early trading to 6,873.
Online takeaway food ordering system Just Eat (JE.) edges 2.95p higher to 292.95p after merging Brazilian business RestauranteWeb with local player iFood to form IF-JE, a joint venture creating Brazil's number one online food delivery business.
Drugs giant GSK (GSK) defies negative sentiment after being found guilty of bribery in China, its shares edging 8.5p higher to £14.45. The market appears to be glad doubts surrounding the investigation may be drawing to a close after GSK was handed a £297 million fine by China's authorities.
Investors have welcomed Scotland’s decision to remain in the UK. Royal Bank of Scotland (RBS) advances 3.5% to 369.9p, leading the Footsie leaderboard, while insurer Standard Life (SL.) improves 1.2% to 421p and Lloyds Banking (LLOY) gains 2.1% to 77.4p.
Shares in Babcock International (BAB), one of the businesses expected to be most affected by a potential ‘yes’ vote, leaps close to 3%, up 29p to £10.94. Investors have been concerned in recent weeks over the impact of independence on its operations at a naval base on the Clyde, its helicopter services and its rail, nuclear and aviation businesses north of the border.
Minimally invasive medical tool-maker Surgical Innovations (SUN:AIM) tanks 28.4% to 3.1p on profits significantly missing expectations this year on low demand in the US. The update also confirms a £2.2 million exceptional non-cash impairment.
Dual-fuel systems engineering microcap Clean Air Power (CAP:AIM) collapses by nearly 40% to 2.88p as it issues a huge profits warning. The company reckons demand has dried up as new European emissions regulations come in, saying full year results to end Decmber will be 'significantly below market expectations.'
Veterinary surgeries consolidator CVS (CVSG:AIM) rises almost 3% to 356.1p as strong finals, a bullish outlook statement and further acquisitions stoke earnings upgrades. The pet crematoria-to-online animal medicines (Shares link) play reports a 17.8% surge in pre-tax profits to £14.3 million and like-for-like sales growth of 6.9%.
Branded products developer LiteBulb (LBB:AIM) adds 0.53% at 0.95p as its Star Wars homeware range bags an innovation award, auguring well for sales next year.
Eco City Vehicles (ECV:AIM), the sole distributor of licensed Mercedes Vito taxis, suspends trading in its shares. Facing a cash crunch and with taxi production on hold, the micro cap's One80 intellectual property rights subsidiary is likely to be put into administration.