UK stocks are climbing on Thursday morning, buoyed by positive sentiment in the US and Asia following comments from US Federal Reserve Chair that indicated US interest rates may be cut soon. At 08:58, the benchmark FTSE 100 was last seen 0.32% higher, or 23.87 points, at 7,554.56. Nurofen owner Reckitt Benckiser climbed 2.29% after it said it had agreed to pay a settlement of $1.4bn to "fully resolve" all US federal investigations into how its former prescription pharmaceuticals subsidiary, Indivior, sold and marketed Suboxone Film, a drug which treats opioid addiction. Drugmaker Indivior rocketed 38.75% as it raised its earnings guidance on a stronger-than-expected first half, during which its opioid-addiction treatment loss less market share than expected following the launch of copycat drugs from rivals. Video analytics provider Big Sofa Technolgoy shot up 7.2% after it said first-half revenues grew by more than 70% amid material growth in commissions, the closer integration with Ipsos and new client additions. Office space provider Workspace Group added 0.93% after it reported an increase in customer demand and lettings in the first quarter of 2019 compared with those seen a year earlier. CPL Resources grew 2.38% after it said it expected pre-tax profits to be ahead of market expectations as the company performed well in the second half of the year. Pantheon International rose 2.70% as it said its net asset value per share increased 6.5% from 30 April 2019 to 31 May 2019 and by 14.7% over the year to 31 May 2019 as valuation gains, investment income and foreign exchange movements offset expenses and taxes. Leisure Travel and Distribution & Logistics group Dart gained 4.04% after it said annual profits had increased by more than a third amid the growing success of its Leisure Travel products. But the company said it may have to cut the prices of its flight-only and holiday packages to entice customers. Landsec added 1.05% after it announced that Robert Noel, Chief Executive, would be retiring during 2020. Diploma climbed 3.73% after it said it had acquired Virginia Sealing Products for an initial consideration of £56m. IndigoVision surged 8.97% after it said it expected to report positive earnings and an operating profit for the first half of the calendar year, for the first time since 2014. Asset management group Polar Capital Holdings said it saw a 6% increase in its assets under management in the period from end-March 2019 to 30 June 2019. Bucking the trend, Heath (Samuel) & Sons slipped 0.97% after reporting a fall in profits as Brexit uncertainty continued to have a "very bad effect" on its London and South Eastern customers within the UK. Biopharmaceutical company PureTech Health also edged lower, losing 0.47% after it said it was "exploring the potential" for a listing on the Nasdaq stock exchange in the United States. Private hospital group Spire Healthcare lost 0.61% after it said it had agreed a new long-term pricing contract with private healthcare insurance provider AXA PPP Healthcare. Despite a challenging backdrop, UK-based automotive retail group Marshall Motor Holdings said it had outperformed the market in the first half in both retail and fleet new vehicle unit sales, and expected underlying first-half pre-tax profit to be "in line" with expectations. It was last seen 0.00014% lower. Allergy Therapeutics gained 1.85% after it reiterated its expectations to top market expectations as it continued to gain market share within its core markets in Europe. European manufacturer of manufactured and private label products McBride plummeted 9.08% after it said full-year adjusted operating profit, pre-tax profit and earnings per share were anticipated to be "broadly in line" with expectations despite weaker-than-expected trading in the second half. And advanced materials group Haydale dropped 8.29% after it said it anticipated annual results at the lower end of market expectations following a "challenging few months" refocusing resources and higher-than-expected costs from restructuring activities. Food technology company BigDish spiralled 14.63% lower despite announcing it had launched its yield management platform for restaurants in Brighton.
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