The FTSE 100 trades higher at the start of the week, with a weaker pound on continuing Brexit uncertainty and renewed US-China trade hopes lifting the index. In early deals the FTSE is up nearly 1% to 7,138.29.

Gold miner Acacia Mining (ACA) builds 1.3% to 194.7p, as it swings to an annual profit and forecasts a broadly flat production performance in 2019.

Takeaways platform Just Eat (JE.) gains 1.6% to 715p as hedge fund Cat Rock Capital, a 1.7% shareholder in the group, calls for the company to enter merger talks with an industry peer.

Mike Ashley's Sports Direct (SPD) dips 0.2% to 269.9p as it apparently cans a bid (made on Friday night) for collapsed cafe chain Patisserie (CAKE).

Mining outfit Polymetal International (POLY) advances 0.8% to 853.2p after it gives a green light to its Pox-2 gold project in Russia following completion of a feasibility study.

Consumer goods group UP Global Sourcing (UPGS), also known as Ultimate Products, jumps 11.7% to 64.8p as it forecasts annual earnings ahead of current market expectations thanks to a jump in sales.

Self-storage group Lok'nStore (LOK:AIM) climbs 2.4% to 430p as it boosts its first-half revenue by 7.7%.

Housebuilder Telford Homes (TEF:AIM) ticks up 0.8% to 336p after it exchanges contracts to acquire a site in Stratford, London for £20m.

OptiBiotix Health (OPTI:AIM) gains 3% to 86p as subsidiary ProBiotix Health appoints EIWA Trading as the exclusive distributor of its cholesterol and blood pressure-reducing probiotic product in Japan.

Gambling group Stride Gaming (STR:AIM) rallies 8.2% as it mulls strategic options including a potential sale of the company.

 


Issue Date: 11 Feb 2019