Sterling advance after inflation rise warning

Sterling gained in response to Carney's comments that inflation will rise. The FTSE 250 advanced 0.6% to 17,980.

The FTSE 100 also remained in positive territory as financial stocks, including Barclays (BARC) and Royal Bank of Scotland (RBS), gained up to 2.3%.

Supermarket chain Tesco (TSCO) gained 4.3% to 203.4p, while Unilever dipped lower to £35.65 following the resolution of Marmite-gate.

West Texas Intermediate (WTI) dropped 0.5% to $50.19 and Brent crude oil slipped 0.6% to $51.73 per barrel, respectively.

Copper was flat at $4,651 per tonne and gold cheapened 0.3% to $1,251 per ounce.

FTSE 100 RISERS AND FALLERS

Sub-prime lender Provident Financial (PFG) nudged lower to £30.37 as it warned that UK regulation remained a risk to its performance.

FTSE 250 RISERS AND FALLERS

Asset manager Man Group (EMG) traded 14.7% higher at 124.7p on a $25m (£20m) acquisition of Aalto, a real estate equity and debt strategies specialist with $1.7bn of assets under management (AuM). AuM at Man increased $1.3 billion despite poor performance in its trend-following AHL strategies.

SMALL CAP RISERS AND FALLERS

Aureus Mining (AUE) raised $72m via an equity fundraising to fund its transition to an owner-operator mining model and repay money to Nedbank and FirstRand Bank.

NU-Oil and Gas (NUOG) raised £532,000 through a shares placing to help implement the company's stranded and marginal field strategy, as well as general capital purposes.

Investors were feeling more comfortable at Independent Resources (IRG) after 10.7% shareholder Brandon Hill provided an unsecured loan of up to £340,000. Shares in the micro cap oil explorer surged 41.2% higher to 0.12p.

Graphene nanoplatelets producer Applied Graphene Materials (AGM) secured its first production order and commercial application, triggering a share price rise of 16.2%.

Grafenia (GRA) dropped 11% on a cautious trading update, which reported that August was trading lower compared to the year before. Trading improved in September, but needs to continually improve to meet market expectations.

Plastic products supplier Carclo (CAR) acquired Precision Tool & Moulding for $5.5 million and reported solid trading in the six months to 30 September. The firm said it will raise £8m from institutional investors after a blow-out in the company's pension deficit earlier this year forced a cancellation of its dividend.

Barbados-focused Elegant Hotels (EHG) fell 4% to 64.3p on a warning that bookings were hit by the Brexit vote. Approximately 70% of its customers come from the UK and the pound weakened against the Bajan dollar by 17% since the referendum, making holidays more expensive.

Franchise Brands (FRAN) declined 5% to 58.9p on news finance director Andrew Mallows resigned, only weeks after the repair franchising firm's August IPO.