UK stocks started the week on a bright note following advances on Asian exchanges, with mining companies leading substantial Monday morning gains. At 0831, the benchmark FTSE 100 index was up 65.4 points, or 0.9%, at 7.182.55. Mining titans Antofagasta, Glencore and BHP rose 2.6%, 2.2% and 1.4%, respectively. Facilities management company Mitie climbed 3.2% to 164.1p on the back of news that it had agreed to sell its catering and hospitality business to CH&CO for up to £85m. Sale proceeds would be used to strengthen Mitie's balance sheet and trim debt. Storage company Safestore gained 1.4% to 630.5p after announcing that it had formed a joint venture with Carlyle European Real Estate Fund to acquire Dutch group M3 Self Storage. Safestore would buy a 20% equity stake for around €5m and provide management services to the venture. Data analytics company Ixico jumped 27% to 43.26p as it forecast full-year revenue and earnings 'materially' ahead of market expectations. Alternative fuels developer Quadrise Fuels International sank 15% to 3.37p after it revealed that it was in advanced talks with a potential funding provider, sparking concerns of a dilutionary equity raising. AfriTin Mining advanced 5.7% to 3.7p on heralding the first production of tin concentrate at its flagship Uis mine in Namibia. Mineral processing group Tri-Star Resources jumped 13% to 40.5p as commercial-grade production commenced at an antimony-gold processing facility in Oman, of which it held a 40% stake. Immunotherapy-based cancer treatment developer Scancell fell 3.5% to 7p after it withdrew a delayed regulatory application in the US to allow the UK arm of a clinical trial to proceed. Antibiotics developer Motif Bio rallied 8.7% to 2.5p on revealing that it was planning to combat Listeria infections.
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