StockMarketWire.com - The FTSE 100 gained 1.1% to 7,113.82 on Thursday morning after a dramatic turnaround in trading on Wall Street, helped by reports that Donald Trump is willing to be more flexible on trade.

Hammerson (HMSO) gained 1.1% to 544.4p after it reported a strong start to the first quarter of the year as net asset value grew 1.8% to 790p, driven by retained earnings and valuation gains.

Rank (RNK) plummeted 14% to 183.1p following a cut in its full year operating profit expectations, driven by a 2% fall in like-for-like revenue in the 13 weeks to 1 April 2018.

Indivior (INDV) gained 2% to 398.3p on news its US subsidiary has filed patent lawsuits against Dr. Reddy's, Actavis, Par, Alvogen and Teva for infringement of a patent relating to their respective proposed generic versions of the company's Suboxone sublingual film product.

Meanwhile, Sophos (SOPH), a provider of cloud-enabled enduser and network cybersecurity solutions, soared 17.4% to 488.4p after saying it expects to report billings growth towards the top end of its previously guided range of 20-22% for the year ended 31 March 2018.

Wincanton (WIN), the logistics company, confirmed that full year results for the year ended 31 March 2018 will be in line with expectations, sending the shares 3.9% higher to 219.3p.

Story provided by StockMarketWire.com