Source - SMW
London equities were led up by in-form house builders after Nationwide's research yesterday showed prices rise in July. Traders shrugged off the sentiment of a lower Wall St and multiple ex-dividend factors.

Barratt Developments (BDEV) rose 1.67% to 502.25p, while Persimmon (PSN) added 1.64% to 1854p and Taylor Wimpey (TW.) firmed 1.61% to 163.9p. More followed. Miners were sprinkled throughout the winners ladder after Glencore (GLEN), up 2.64% to 178.65p.

Also ahead were banks in the wake of HSBC (HSBA), which firmed 2.49% to 578.35p, and Lloyds (LLOY), ahead 1.58% to 60.29p. Several supermarkets and high-street retailers stepped forward behind Sainsbury (SBRY), up 1.06% to 242.85p, and Dixons Carphone (DC.), up 1.29% to 375.5p.

Roughly 82 blue chips were on the front foot, with the comparatively few fallers a blend of several sectors but figuring Shell (RDSA), lower 0.09% to 1858.75p, and BP (BP.), off 0.19% to 427.08p.

At 8.40am, WTI crude was up 0.76% to $45.04/bbl, with Brent up 0.7% to $47.22/bbl. Gold eased 0.16% to $1309.3/oz. Soon after the open, FTSE 100 was up 42.08 points, or 0.62%, to 6823.59, while FTSE 250 rose 49.14, or 0.28%, to 17,781.9.

In the news, AstraZeneca (AZN) was up 0.37% to 4927.25p as it completed a commercialisation agreement with Aspen Global Inc, part of the Aspen Group, for rights to its global anaesthetics portfolio outside the US.


ZincOx Resources (ZOX) fell 32.14% to 0.47p said its status was that of a cash shell. In the absence of a reverse takeover, its shares faced suspension on Oct. 28 and potential six months thereafter potential ceasing of their admission to AIM.

African Potash (AFPO), down 30.77% to 0.23p, confirms a subscription to raise £500,000 gross and amendments to the terms of its existing unsecured bridge loan agreement as announced on Dec. 2, 2015.

Mayan Energy (MYN) fell 25.53% to 0.02p as it updated the market regarding a range of activities and developments it has undertaken in order to rapidly deliver sustainable growth.


600 Group (SIXH), down 10.53% to 8.5p, said its FY pretax profit has dived down to £1.01m, from £3.68m, on revenue of £45.27m, from £43.79m.

Ceres Power (CWR), up 8.7% to 10p, has announced its key development role in a recently selected US Department of Energy programme awarded to Cummins Inc. Ceres would benefit from up to $2.6m of the total $4.9m project.

Alumasc (ALU), up 4.57% to 171.5p, said its order book rose 11% to £26.6m in the year to end-June. Statutory profit before tax by 59% to £7.7m. Hays (HAS), down 4.21% to 125.1p, reports an excellent performance for the year to the end of June  with both earnings and cash ahead of market expectations.

Andalas Energy & Power (ADL), up 4% to 0.2p, has signed an agreement with PT Pertamina to establish a joint working and steering committee with the objective to fast-track commercialisation of marginal gas fields within Pertamina's acreage in Indonesia. 

Cpl Resources (CPS), up 2.84% to 452.5p, has booked a FY adjusted pretax profit of €17.4m, up 22% on last time. Revenue rose €39.7m, to €433.4m. Total dividend was 11c a share, from 9.75c.

Falkland Islands (FKL), down 2.6% to 187.5p, expected strong cash generation and a solid trading performance for the full year, it said.

Sinclair Pharma (SPH), down 2.43% to 29.88p, announces that a comprehensive staff restructuring programme has recently been implemented. It expected to incur a one-off restructuring charge of £2.8m in relation to this programme.

W Resources (WRES), up 2.02% to 0.51p, has announced results of the first two holes from the RC drilling programme completed in July 2016, which have been assayed at the new La Parrilla mine laboratory.

Other stocks in the news included Vertu Motors (VTU), Paysafe (PAYS), Tissue Regenix (TRX), Empiric Student Property (ESP), Thor Mining (THR), Jaywing (JWNG), Etaireia Investments (ETIP), Safestore (SAFE), Inmarsat (ISAT), Redde (REDD), Bankers Petroleum (BNK), Sirius Minerals (SXX), New World Oil & Gas (NEW) and International Public Partnerships (INPP).