UK stocks opened higher on Friday after retail sales rebounded in May, helping to offset concerns about a second wave of Covid-19 infections.
In early trading the FTSE 100 was up 0.4%, at 6,246.89 following on from a mixed session in the US overnight.
The top riser on the index was housebuilder Taylor Wimpey (TW.) following the completion of its £522 million placing to finance opportunistic land acquisitions.
Retail sales rose 12% in May, beating market expectations for a 6.3% improvement.
Engineering services company Wood Group (WG.) gained 1.1% to 229.19p, even as it said its adjusted earnings had slumped 19% in the first half after the Covid-19 crisis hurt clients in the oil and gas sector.
Wood, however, said the blow had been buffered by resilience in the chemicals and oil-refining sectors.
Mining company Rio Tinto (RIO) fell 0.6% to £44.76 as it launched a review of its heritage management process, having attracted widespread condemnation for blasting an ancient cave site in Australia held sacred by indigenous people.
New shares in SIG would be offered at 25p each to investment manager CD&R Sunshine, to raise £60 million. The raising also included a placing and open offer at 30p per share, to raise of £105m.