StockMarketWire.com - UK equities remained relatively subdued after positive US jobs data, which sparked a 1% jump in the S&P 500 around 4:45pm UK time.

Back in the UK, miners Antofagasta (ANTO), BHP Billiton (BLT) and Anglo American (AAL) enjoyed gains of over 2.2% each.

The FTSE closed 0.3% higher at 7,224.

UK construction output fell 1%, driven mainly be a continued decline in private commercial work according to the Office for National Statistics.

Brent crude oil rallied 2.7% to $65.32 per barrel. Copper climbed 2.1% to $3.12 per pound and gold was stable at $1,321 per pound.

MID AND LARGE CAP RISERS AND FALLERS

Engineer GKN (GKN) agreed to merge its Driveline division with US firm Dana in a bid to shake off a hostile takeover from Melrose (MRO). Shares in GKN advanced 3.2% to 435.1p.

Gambling firm GVC (GVC) reported its net gaming revenue rose 17% to €925.6m in 2017, pushing the stock 5% higher to 945.5p.

Investors were disappointed by satellite communications company Inmarsat's (ISAT) plan to cut its dividend for 2017. Its shares dropped 6.7% to 432.7p.

Building products supply specialist SIG (SHI) was down 9% at 136.3p as investors were concerned with the company's warning that the UK outlook is becoming 'increasingly challenging.'

Renewi (RWI) revealed it expects future losses on private finance initiative contracts at several sites. The stock declined 4.2% to 85.6p.

SMALL CAP RISERS AND FALLERS

Conviviality (CVR) slumped 12.2% to 108p following a profit warning on Thursday afternoon.

Katoro Gold (KAT) said it will conduct further assessments to determine the extent that new legislation and regulations will impact the viability of the Imweru gold project. Its shares crashed 34.4% to 1.3p.

Industrial chains supplier Renold (RNO) warned adjusted operating profit is expected to be below previous expectations causing the stock to fall 23.2% to 34.2p.


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