StockMarketWire.com - Investors were feeling optimistic after US President Donald Trump reassured over the weekend he will remain friends with his Chinese counterpart Xi Jingping, cooling recent trade war fears.

This helped the FTSE 100 make early gains, rising 0.2% to 7,197 around 8:45am.

Brent crude oil was up 0.5% at $67.45 per barrel.

MID AND LARGE CAP RISERS AND FALLERS

Rolls-Royce (RR.) accelerated 1.4% to 880.1p after signing an agreement to sell the subsidiary of Rolls-Royce Power Systems, L'Orange, to Woodward, for £610m.

Rathbone Brothers (RAT) confirmed it is in discussions concerning a potential takeover of UK investment management firm Speirs & Jeffrey. Shares in Rathbone were steady at £23.90.

Entertainment One (ETO) acquired a 70% controlling stake in Whizz Kid Entertainment, a UK-based non-scripted television production company, from Whizz Kid Sellers. Its shares were flat at 278.3p.

SMALL CAP RISERS AND FALLERS

EKF Diagnostics (EKF), announced US Food and Drug Administration 510k clearance for its handheld reagent-free hemoglobin analyser DiaSpect, approving the product for use in point of care settings. The stock recieved a 8% boost to 32.4p.

Keywords Studios (KWS) acquired Cord Worldwide and Laced Music for £4.5m from the Cutting Edge Group. Its shares were down 3.3% to £15.30.

Life sciences group Abzena (ABZA) shed 3.4% to 23.1p after receiving notice from Halozyme Therapeutics for the termination of the collaboration and licence agreement. This related to Halozyme's use of Abzena's ThioBridge linker tech for the development of antibody drug conjugate products.


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