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24 Jun 2019 | 08:53

UK stocks open 0.1% higher as investors eye US-China trade talks

UK stocks opened modestly higher on Monday as investors braced for a key meeting between Donald Trump and Xi Jinping later this week at the G20 in Japan that could help thaw frosty trade relations.

At 0845, the benchmark FTSE 100 index was up 6.76 points, or 0.1%, at 7.414.26.

Barclays added 0.3% after the bank said its US business had passed regulatory stress tests there.

Cake maker Cake Box rose 1.2% as it booked a 14% improvement in annual profit, buoyed by new store openings.

Internet domain name provider CentralNic rallied 8.9% on guiding for annual results ahead of current market expectations.

Regional REIT shed 1.0% after it launched a discounted £50m share issue to take advantage of new property investment opportunities.

Travel services group for the wealthy Ten Lifestyle gained 4.8% on securing a three-year contract with fintech company Revolut.

People-screening technology provider Thruvision fell 1.9% after it booked another annual loss, despite almost doubling its sales.

Specialist technology supplier Chemring dropped 1.4% on the back of news that it had sold its military pyrotechnics business for a nominal cash consideration.

RA International Group, a services provider to remote locations in Africa and the Middle East, gained 2.2% on winning a government contract worth up to $9m over the next three years. Story provided by StockMarketWire.com
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