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06 Sep 2019 | 16:39

FTSE closes higher despite weak US jobs data

UK stocks ended Friday marginally higher despite a weak US jobs report which raised fears of an economic slowdown.

The benchmark FTSE 100 index closed 11.17 points, or 0.15%, higher at 7,282.34.


Residential developer Berkley firmed 2.8% to £39.80 after it said market conditions in London and southeast England remained 'robust' in the first four months of its financial year, with pricing stable and forward sales above £1.8bn.

Pub group Greene King was up 0.1% to almost 842p, despite posting a 1.8% fall in year-to-date like-for-like sales, which it pinned on the tough comparatives of last year's football World Cup and good weather.

Building materials supplier SIG dropped 6.6% to 120p as it booked a 73% fall in first-half profit, owing to lower sales, one-off restructuring costs and asset writedowns.

Emerging-market asset manager Ashmore gained 0.7% to 458p as its annual profit increased 15%, amid investment gains and higher net fund inflows. Mining services provider Weir moved 0.2% higher to £14.89 on news that it had won a £100m order to provide energy-saving solutions to the Iron Bridge magnetite project in Australia.


General insurance investor Randall & Quilter rallied 8.9% to 170p after it booked a large rise in first-half profit, underpinned by acquisitions and an improved investment performance.

Logistics company Xpediator shed 2.13% to 23p on announcing that chief financial officer Stuart Howard had stood down, with immediate effect, to pursue other business interests.

LED lighting manufacturer ProPhotonix fell 27% to 2.3p as it posted a first-half loss, owing to lower sales in its laser and diode business, and said it was reviewing its strategic options.

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