Latest market news
Turnaround on trade drives global equities higher
Global stocks reflected a positive mood at the end of the week on news that negotiations between the US and China will be extended. The ceasefire between the two countries elapsing at the end of March.
The FTSE 100 was held back somewhat by the pound, which benefitted from stronger than expected UK retail sales, but still closed higher at .
In the US the S&P 500 was up 0.7% to 2,766.96 at around 4.30pm UK time while Germany's DAX rose more than 1.7% by the close.
In corporate news bakery chain Patisserie sold its Baker & Spice unit to Department of Coffee & Social Affairs for £2.5m as it continued to offload assets as part of an administration process. Its shares remained suspended from trading.
LARGE AND MID CAP RISERS AND FALLERS
Royal Bank of Scotland gained 2.8% to 248.3p declaring a special dividend and more than doubling its annual profit.
On the negative side, the bank warned of higher loan impairments amid a gloomier economic outlook and said it could miss its 2020 cost-to-income target.
Premier Foods dropped 1.8% to 36.6p on news that it had terminated discussions with parties eyeing an acquisition its Ambrosia tinned custard brand, citing 'the present business climate'.
Property investor and developer Segro launched a £450m share issue to fund its development pipeline, as it posted a 13% rise in annual profit. Its shares dipped 1.1% to 641p as it announced the results of the placing this afternoon where it raised the case 635p.
Millennium & Copthorne Hotels gained 1.5% to 464p, despite posting a 28% slump in annual profit, owing to write downs, higher operating costs and disruptions caused by an overhaul of a hotel in London, Mayfair.
Gold miner Centamin added 2.3% to 121.6p as it more than doubled its mineral resources estimated following drilling at its Dorpo and ABC projects in Ivory Coast.
SMALL CAP RISERS AND FALLERS
Industrial cleaning company React slumped 16.3% after it reported a deeper annual loss, as rising sales were more than offset by costs associated with a change of ownership.
PowerHouse Energy jumped 12.2% to 0.42p on revealing that it had progressed potential deals that could result in the first commercial use of its technology that generates energy from waste plastic and old tyres.