UK stocks hold on to gains by midday as investors await big news
Source - SMW
With interest rate decisions on both sides of the Atlantic and further ructions on Brexit expected later this week, investors take advantage of a brief moment of calm as the FTSE 100 trades 0.6% higher at 7,271.09.
In corporate news, payment processing firm WorldPay gained 10.3% to £81.70 as it agreed to a $43bn sale to US rival FIS.
LARGE AND MID CAP RISERS AND FALLERS
Shoe retailer Footasylum jumped 75% after it agreed to be acquired by JD Sports for about £90.1m. JD Sports shares dipped 0.4%.
Pharma giant Astrazeneca gained 0.6% as its potential new treatment for lung disease was granted orphan drug designation by US regulators.
Domino's Pizza rose 3.1% to 238p as it played down reports of a dispute with its franchisees.
Services supplier Serco gained 1.2%, having won a contract from the government of South Australia state to operate and manage a remand centre for its department of correctional services.
SMALL CAP RISERS AND FALLERS
Advertising grandee Martin Sorrel's newly-formed public relations company S4 Capital gained 2.9% to 127.1p, despite booking a loss, as its underlying earnings improved.
Office services provider Restore rallied 8.7% to 289.2p after its annual profit more than doubled, supported by strong sales at its document management business.
Russian warehouse property investor Raven Property advanced 0.2% to 42.9p as it swung to an annual loss, pinned on adverse currency movements..
Electronic systems developer PipeHawk gained 2.4% to 5.07p despite posting a first-half loss owing to higher staff costs and other expenses.