Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
UK stocks opened higher on Friday after Donald Trump stoked hopes of a trade deal with China by claiming that negotiations were 'moving right along'.
At 0823, the benchmark FTSE 100 index was up 30.06 points, or 0.4%, at 7.167.91.
Insurance company Phoenix gained 1.2% to 748p as the market embraced news that it had agreed to acquire life insurance consolidator ReAssure from Swiss Re and MS&AD Insurance for £3.2bn in cash and shares.
Associated British Foods firmed 1.4% to £25.33 after it announced that it continued to expect its sugar division to benefit 'materially' from rising EU sugar prices.
The company also foreshadowed a 'small' drop in margins at discount clothing division Primark.
Home builder Berkeley shed 0.2% to £45.40 on reporting a 31% fall in first-half profit as it sold fewer homes and selling prices declined.
Cell-based therapeutics ReNeuron developer jumped 7.8% to 137.92p, even as it booked a first-half loss.
The company also posted a large rise in revenue, offset by an increase in R&D spending while it progressed treatment candidates.
Royalty finance provider Duke Royalty gained 1.9% to 48.6p after it more than trebled its first-half profit amid a jump in revenue.
Ireland-based oil company Providence Resources added 1.4% to 2.94p, despite announcing that chief executive Tony O'Reilly had stood down, with immediate effect, and that it had started searching for a replacement.
Mobile content minnow Mobile Streams dropped 5.1% to 0.16p on announcing that chief executive Simon Buckingham had stood down, also with immediate effect.
His duties would be performed by chief operating officer Mark Epstein until further notice.
London and Sydney listed resources company Thor Mining added 4.4% to 0.42p, even as it said it was unaware of any information not already announced to the market that could explain a recent rise in its share price.
The company was responding to a price query from the Australian Securities Exchange.