StockMarketWire.com - The FTSE 100 gained 0.3% to 7,732.87 as the weaker pound boosted the relative value of constituents' overseas earnings.

Sterling fell on a mixed UK jobs and earnings figures from the Office for National Statistics.

The ONS has revealed that in the three months to March, wages rose by 2.9% excluding bonuses, well ahead of an inflation rate of 2.5%, while unemployment remained at an historic low of 4.2%.

OVERSEAS MARKETS

The S&P 500 opened sharply lower, down 0.7% at 2,711.87 around 4pm UK time, on a surge in US government bond yields.

MID AND LARGE CAP RISERS AND FALLERS

Vodafone (VOD) slipped 4% to 198.88p after the telecom giant forecast slowing earnings growth in the current financial year. Vodafone also revealed that long-serving chief executive Vittorio Colao would be replaced in October by current chief financial officer Nick Read.

EasyJet (EZJ) rose 3.3% to £17.41 after the budget airline's revenue jumped, helping its annual losses to narrow.

Bank CYBG (CYBG) reported a loss of £76m for the first half of the year on Tuesday, as it booked a previously-announced £350m charge for the mis-selling of payment protection insurance. Its shares fell 5.4% to 305.8p.

Housebuilder Taylor Wimpey (TW.) plans to hike future dividends as it signals confidence in growth prospects. This is part of new growth and returns targets that will be set out at a capital market day on Tuesday. Shares in the company were up 3.7% to 202.3p.

Premier Foods (PFD) ticked up 0.66% to 38p as the grocery-products group said revenue growth accelerated in the second half, helping it beat earnings expectations.

Patisserie Holdings (CAKE) posted a 14% rise in first-half profit after it sold more treats in the lead up to Christmas. Its shares, though, dipped 0.2% to 432p.

Wealth manager Hargreaves Lansdown (HL.) reported a year-to-date rise in new business to £6.6bn, up from £5.6bn last year. Its shares were up 2.5% to £19.22.

Commercial property developer Landsec Group (LAND) said it had appointed director Cressida Hogg as its new chairman, effective 12 July. Its shares shed 1.6% to 953p on a warning alongside full year results over the potential impact of Brexit.

Engineering group Spirax-Sarco Engineering (SPX) said a strengthening pound could reduce its annual sales and profits by 3-5%, despite this warning its shares traded flat at £59.85.

Events organiser UBM (UBM) said its business had performed in line with management expectations in the year to date, though conditions in the US fashion sector remained challenging. Its shares were flat at 989p.

Commercial vehicle hire group Northgate (NTG) jumped 10.8% to 416.4p as it boosted rental volumes, including in its important UK market.

SMALL CAP RISERS AND FALLERS

Small cap mobile telecoms firm The People's Operator (TPOP) fell 41.2% to 0.025p as it warned subscriber levels are not hitting anticipated levels and announced plans for a change in strategy and new financing arrangements.

Gambling firm Webis (WEB) gained 59.6% to 4.15p as investors continued to react to yesterday's US Supreme Court ruling which potentially opened the door to sports betting across America.


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