StockMarketWire.com - Stronger commodity prices sparked a rally in the mining sector and helped lift the FTSE 100 0.5% to 7,403.

Glencore (GLEN) led the sector higher, up 2.3% to 337.2p.

Rio Tinto (RIO) and Antofagasta (ANTO) rose 1.6% and 2.6% to £35.68 and 955.5p, respectively.

Other noticeable risers were Severn Trent (SVT) and United Utilities (UU.), which increased 3.6% and 2.5%.

Brent crude oil advanced 0.5% to $52.79 per barrel and copper climbed 1% to $6,393 per tonne.

FTSE 100 RISERS AND FALLERS

In corporate news, HSBC (HSBA) was up 2.6% to 763p on an 'excellent first half.' Reported pre-tax profit rose 5% to $10.2bn.

There was some good news for pharma giant AstraZeneca (AZN) following its failed drug trial last week.

The company announced the US Food and Drug Administration (FDA) granted breakthrough therapy designation for Imfinzi for the treatment of patients with locally-advanced, unresectable non-small cell lung cancer. Shares in the firm nudged 1.4% to £45.47.

FTSE 250 RISERS AND FALLERS

Among the mid-caps, shares in FDM (FDM) soared 12.2% to 875p after the Board was confident that the company would beat expectations thanks to strong trading.

Going in the opposite direction was Hiscox (HSX), down 1.6% to £13.31 after pre-tax profit more than halved to £102.6m in the first half of 2017.

Senior (SNR) said it expected an improved performance in the second half of 2017, which would be driven by increasing revenue and operational improvements due to cost-cutting. Investors focused on the good news instead of lower operating profit as the stock advanced 2.1% to 249.4p.

Fidessa (FDSA) gained 1% to £22.92 after pre-tax profit jumped 14% to £25.4m in the first half of 2017 thanks to solid revenue growth across the business.

Indivior (INDV) said the FDA accepted its priority review for injectable drug RBP-6000 to treat people with moderate-to-severe opioid use disorder. The stock was up 2.7% to 375.6p.

SMALL CAP RISERS AND FALLERS

Newspaper publisher Trinity Mirror (TNI) disappointed the market with a drop in pre-tax profit of £38.2m in the 26 weeks to 2 July 2017. The stock ticked 0.5% lower to 105p.


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