Source - SMW
Stocks in London opened on a positive note and despite sterling making minor gains on both the dollar and euro. Investors saw buying opportunities in the shares of house builders and retail.

So far it was Informa (INF), up 1.5% to 692.75p, and Coca-Cola (CCH), up 1.45% to 2336.5p, leading the blue-chip mob higher.

Not long after the open, the FTSE 100 ws up 23.17 points, or 0.31%, to 7442.53. The FTSE 250 was up 132.65p, or 0.68%, to 19,686.3. 

Equities indices in Europe were rising, although those in the US slipped overnight. Gold was a little ahead, while crude prices were firming.

UK, US and European stocks have endured something of a volatile week, with the more hawkish Bank of England and US Federal Reserve having a fair bit to do with that.

House builders were rising, as were several retailers. Investors saw buying opportunities in both after recent sell-offs.

Taylor Wimpey (TW.) rose 0.98% to 180.45p, while Persimmon (PSN) firmed 0.93% to 2280p. Kingfisher (KGF) added 1.33% to 305.5p, while Unilever (ULVR) firmed 0.83% to 4285.25p.

Tesco (TSCO), up 0.41% to 180.68p, said group like-for-like sales rose 1.0% in Q1, with UK LFL sales up 2.3% as international LFL sales fell 3%. Other supermarkets gained, too.

To the downside, miners were prevalent. Anglo American (AAL) fell 0.49% to 990.20p, while Antofagasta (ANTO) dropped 0.29% to 777.75p.

Also in the news, BHP Billiton (BLT), up 0.37% to 1164.25p, said its board has elected Ken MacKenzie to succeed Jac Nasser as chairman.

Rolls-Royce Holdings (RR.), up 0.64% to 900.75p, said it had started 2017 well, with all businesses performing in line with its expectations.

LONDON HIGHLIGHTS

Avanti Communications (AVN), up 46.88% to 11.75p, has entered into an agreement with HPS for a $100m three-year super senior facility.

Flying Brands (FBDU) saw its shares rise 23.08% to 4p following readmission to trading on the London Stock Exchange. It said it had completed the acquisition of the entire issued share capital of Stone Checker Software Ltd and the placing of 18.3m shares.

Diversified Gas & Oil (DGOC), up 14.73% to 74p, has resumed trading on AIM after finalising the agreement to acquire certain gas and oil assets of Titan Energy, which was announced on 5 May. The acquisition was funded via a $110m loan facility and a placing to raise $35m.

Record (REC), up 14.46% to 47.5p, has posted a FY pretax profit of £8.7m, up 26% on the year, with AUME up 26% to £46.6bn. Its total total dividend was 2p a share, from 1.65p. It also declared a special dividend of 0.91p a share, from nil.

Red Leopard Holdings (RLH), down 13.89% to 0.31p, has raised £300,000 gross from new investors via a subscription of 100m new shares at 0.3p each. Net proceeds had been raised to assist in meeting the costs associated with pursuing acquisitions.

EU Supply (EUSP), up 13.79% to 16.5p, has entered into a new framework agreement with an existing customer for additional services to the group's Complete Tender Management platform.

UK Oil & Gas Investments (UKOG), up 7.5% to 1.08p, has now drilled and cased-off the 12.25-inch hole section of its 100% interest Broadford Bridge-1 (BB-1) exploration well. 

Telit Communications (TCM), up 2.06% to 315.88p, has received the first purchase order from an emerging North America car OEM for its LTE Cat 6 automotive-grade module.

Other stocks in the news included Marlowe (MRL), Premaitha Health (NIPT), Amec Foster Wheeler (AMFW), JSC KazMunaiGas (KMG), Clipper Logistics (CLG), LXi REIT (LXI), Beowulf Mining (BEM), African Potash (AFPO), Shawbrook (SHAW) and BTG (BTG).