The FTSE 100 is trading 17 points higher at 7,532 after positive performances on Wall Street and in Asian markets.

British Airways owner International Consolidated Airlines (IAG) is one of the main risers on the Main Market, up 1.7% to 646p.

All eyes will be on UK jobs data due out on Wednesday morning.

Cilit Bang and Durex condom maker Reckitt Benckiser (RB.) falls 1.8% on revealing its third quarter to 30 September like-for-like revenues declined by 1%. The company has cut its full year forecast and is to be split into two units, one focused on healthcare products and the other on hygiene and home products. The company blames a recent cyber attack for the fall in sales.

Estate and letting agent Foxtons (FOXT) ticks up 6.2% to 77.50p after releasing a statement saying its letting performance was ‘resilient’ in its third quarter to 30 September.

The company notes that downward pressure on rents across the market was partially offset by ‘a modest growth in volumes’.

IT infrastructure services company Softcat (SCT) gains 2.6% to 450.40p after revealing a decent set of full year results to 31 July. The company’s revenue is up 23.8% to £832.5m and its adjusted operating profit increased 10.1% to £51.5m.

Oil and gas company Nostrum Oil and Gas (NOG) sheds 2.6% after saying its new gas plant, GTU3, will not bring in gas this year. It adds that its two other gas plants will be shut down for a short period in the fourth quarter.

Property regeneration company U&I (UAI) drops 1% to 185p after revealing its investment portfolio value remained flat during the first half of the year to 31 August. Its development and trading gains are £4.3m less than the same period last year.


Issue Date: 18 Oct 2017