On a quiet day on the corporate front, the FTSE 100 took its cue from strength in Asian and US markets overnight to trade 9.49 points higher at 6,941.04.

Bananas-to-mushroom seller and Shares key pick Fyffes (FFY:AIM) is up 42.6% to 184p on a recommended cash offer of €2.23 (189p) per share from Japanese conglomerate the Sumitomo Corporation (8053:TYO).

Specialist publisher Euromoney Institutional Investor (ERM) falls 7.6% to £10.35 as parent Daily Mail & General Trust (DMGT) confirms plans to put 32.3 million shares in the business up for sale at 975p. DMGT is looking to reduce its stake from 67% to 49% and will net £315m from the sale.

Guidance for full year pre-tax profit to be slightly above the top end of market expectations (£39m) lifts specialist recruiter SThree (STHR) 3.9% to 286p.

Market researcher Brainjuicer (BJU:AIM) gains 6.5% to 530p as it says full year profit will be ahead of expectations thanks to strong trading and the weak pound.

Trading platforms CMC Markets (CMCX) and IG (IGG) help stem heavy losses, up 1.6% to 107p and 3.7% to 496.7p respectively, as both move to calm nerves on new restrictions from Germany's financial regulator (CMC response, IG response).

The ban on selling contract for difference (CFD) products to retail customers if they can lose more money than they have in their account was announced yesterday afternoon. The FCA made its own move on CFDs earlier this week.

Engineering and environmental consultant Waterman (WTM) gains 2.1% to 83.2p as it guides to in line performance and revenue tracking above the previous year in an AGM trading statement.

Mining junior Metal Tiger (MTR:AIM) gains 10.2% to 1.62p as it as it reveals a strategic rehaul and announces good results from drilling on its Botswana copper/silver project.

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Issue Date: 09 Dec 2016