Source - SMW
UK stocks opened stronger on Tuesday after an agreement by US lawmakers to at least temporarily end a government shut down sparked a global market rally.

At 0856, the benchmark FTSE 100 index was up 15.01 points, or 0.2%, at 7,730.45.

EasyJet soared 6.0% after the budget carrier booked a 14.4% jump in first-quarter revenue and forecast revenue per seat to increase by a percentage in the mid-to high-single digits in the first half.

British Airways-owner Internatinal Airlines Group announced that its proposed bid for assets owned by failed Austrian airline Niki was unsuccessful. The deal's collapse didn't seem to bother investors: IAG gained 2.2%.

Sky also made news this morning by confirming that the UK's Competition and Markets Authority had concerns with 21st Century Fox'd bid for the broadcaster regarding its impact on media plurality. The regulator, however, identified potential remedies to its concerns, which were currently being discussed ahead of a final decision. Sky shares added 3.0%.

National Grid dropped 3.7% after saying it was "very disappointed" by the UK energy regulator Ofgem's costing and pricing model for the Hinkley-Seabank transmission project and would consider its options regarding the development.

Pet product and vet service provider Pets at Home jumped 7.7% after it boosted revenue in its fiscal third quarter by 9.6%.

Trading platform IG, meanwhile, said that regulatory changes would make it difficult to predict the level of revenue in the short-term. Its shares, however, rose 2.7% on the back of record first half revenue and pre-tax profits.

Pub owner Marston's shed 5.5% after revealing that snow and icy weather had disrupted business in early December and between Christmas and New Year.

SSP, which operates food and beverage outlets in travel locations, said it boosted sales by 12.2% in its fiscal third quarter, pushing its shares up 1.2%.

Cairn Energy added 0.7% after confirming that it had started producing oil from the Catcher field in the North Sea in late December.

Support services business Lakehouse gained 6.8% after it returned to profit in 2017.

Paragon Banking Group boosted total new lending and investment volumes by 24% in its fiscal first quarter, helping its shares to rise 0.8%.