Share Prices & Company Research

Market News

28 Aug 2018 | 09:02

UK stocks open 0.7% higher, led by miners, Bunzl

UK investors returned from a bank holiday to push the local market higher on Tuesday, as the US and Mexico announced a new trade pact and Theresa May said a no-deal Brexit 'wouldn't be the end of the world'.

At 0855, the benchmark FTSE 100 index was up 52.79 points, or 0.7%, at 7.630.28.

Miners were among the morning's biggest gainers, with Anglo American, BHP Billiton and Rio Tinto adding 3.3%, 1.4% and 1.3%, respectively.

Outsourcing group Bunzl rose 1.8% after it continued to grow revenue solidly both at home and abroad, helping to offset the impact of a stronger pound to push first half profits higher.

Plastic products designer RPC Group said it had sold its Foodservice unit to Letica for $95m, while finalising an acquisition of UK rigid plastic recycling company Plasgran. Its shares gained 0.9%.

Gene and cell therapy group Oxford BioMedica welcomes news that the European Commission had approved a cancer treatment developed in a partnership with Novartis. Its shares climbed 0.9%.

Sylvania Platinum jumped 7.4% after it declared a maiden dividend on the back of a 22% rise in annual profit, boosted by higher platinum prices.

Russian property investor Raven Property Group gained 5.9% after lower vacancy rates helped it boost its underlying profits and dividend in the first half.

UK satellite operator Avanti Communications fell 4.2%, despite signing a seven-year master distribution agreement with Washington-based Comsat.

Surveillance technology group Synectics rallied 7.8% on news it had won a contract from Serco to replace CCTV systems at six of its UK-operated custodial sites. Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.