Despite a decline in oil prices the blue chip index was 0.6% higher, supported by rallying mining stocks. Unemployment was 4.9% in July, flat on the prior month, according to the Office for National Statistics. The FTSE 100 advanced 0.29% to 6,685 led by Anglo American (AAL), Glencore (GLEN) and Randgold Resources (RRS) trading up to 3.7% higher. Burberry (BRBY) dipped 1.8% after luxury brands Richemont and Hermes posted downbeat trading statements in Europe. Online supermarket Ocado (OCDO) fell 7.3% to 257.8p as yesterday’s warning of sustained margin pressure in the sector continued to hit investor confidence. MID CAP RISERS AND FALLERS Housebuilder Galliford Try (GFRD) was on solid ground after posting a 15% increase in pre-tax profit of £135 million for the year to the end of June, despite uncertainty following the Brexit vote. The company traded 7.5% higher at £12.16. SMALL CAP RISERS AND FALLERS A profit warning from communications firm Sepura (SEPU) triggered a 72.6% crash to 12p. It said revenue will be impacted in the next financial year as a result of a lower order intake in recent months. Engineer Goodwin (GDWN) was one of the biggest fallers on the London Stock Exchange after revenue and pre-tax profit dropped. Investors dug Northern Ireland-based Dalradian Resources (DALR) after they found more gold than expected from test work at its Curraghinalt project. Premier African Minerals (PREM) said it may spin off its Zulu lithium prospect to be a separately-listed entity. It appointed David Lenigas to review the project, while its shares jumped 31.1% to 0.49p. The UK’s largest gym operator, Pure Gym announced it will float on the London Stock Exchange and plans to raise £190 million to pay down debt. Stratmin Global Resources (STGR) climbed 12.3% to 1.83p following the completion of the divestment of Graphmada Mauritius to Bass Metals. Plant Health Care (PHC) wilted 27.3% to 20p after more than doubling its H1 pre-tax loss to $6.6m, which it blamed on challenging trading conditions. Construction services provider Driver (DRV) said it expects to return to profit during the second half of 2016. However, operating profits in the AMEA region were behind expectations, causing the board to increase the provision against outstanding debts in the AMEA region by a further £520,000. Shares in the firm slumped 12.95% to 41.35p. MyCelx Technologies (MYX) swung from a loss into the black with a half-year pre-tax profit of $1.4m, as a result of cost control measures, triggering a rise of 31%. Clear Leisure (CLP) raised £200,000 through a placing of more than 22 million shares at a discounted price of 0.9p per share to accelerate the buyback of certain subsidiaries bank debts to improve its balance sheet. Investors responded warmly to Parkmead’s (PMG) decision to increase its stake in the Perth and Dolphin oil fields in the UK Central North Sea. Modern Water (MWG) fell 18.4% to 5.1p after its revenues declined by nearly a third to £1.14 million during its reorganisation of the company to cut costs. Quixant (QXT) was in positive territory after significantly increasing its revenue to $41.3 million and boosting its pre-tax profit in the first half of the year due to the successful gaming division. Cambian (CMBN) was up 12.9% despite posting a pre-tax loss of £3.5m for the six months to the end of June, down from a profit of £10 million, as revenues rose to £160 million.
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