StockMarketWire.com - Miners remained in demand amid potential disruption to copper production in Chile and after China's State Council flagged more fiscal aid including higher spending on infrastructure.

The FTSE 100 closed 0.7% higher at 7,709.

Copper climbed 1.6% to $2.78 per pound as supply concerns drove the price higher.

Brent crude oil rose 1.1% to $73.84 per barrel.

BHP Billiton led the sector higher with a 5.7% rise to £17.02. Rio Tinto, Anglo American, Glencore and Evraz all enjoyed gains of approximately 4%.

Supermarket sales grew at their fastest rate this year at 3.6%, driven by football fever and the ongoing heatwave according to Kantar Worldpanel.

In the US, it was a sea of green following positive financial results from Google owner Alphabet despite a huge fine from the European Commission.

The tech-heavy Nasdaq traded 0.4% higher at 7,876 around 4:45pm UK time and the Dow Jones was up 0.8% at 25,241.

MID AND LARGE CAP RISERS AND FALLERS

Tonic water supplier Fevertree pleased the market after revealing it would smash full year forecasts thanks to strong sales and earnings growth, sparking a 5.6% rally to £36.50.

Pepsi Max and Robinsons owner Britvic was unable to take full advantage of the ongoing heatwave following extensive disruption to the supply of carbon dioxide in the UK and Ireland. Despite slower sales growth, shares in the company fizzed 4.5% to 814p.

At fashion brand Superdry, co-founder Julian Dunkerton sold 5.5m shares for £71m, dragging the shares 9.4% lower to £12.36.

Shares in power firm Drax declined 4.8% to 340.8p after power outages affected electricity generation at its power plants, hitting its first half earnings by 16%.

British property investment company Hammerson announced it was planning £1.1bn of asset disposals by the end of next year in a bid to shake up the business. The stock was broadly unmoved at 529p.

Financial betting company IG Group reported regulatory changes in the EU were expected to impact sales over the next financial year, but this failed to impact the stock, flat at 863p.

Imperial Leather owner PZ Cussons said annual pre-tax profit dropped 23% amid weaker in sales in its largest market, Nigeria. Shares in the personal goods manufacturer slid 0.8% to 216p.

SMALL CAP RISERS AND FALLERS

Pharma company Avacta shot up 33.3% to 38p on a co-development partnership with Bach BioSciences to develop a new class of affirmer drug conjugate therapies.

Waste management business Augean announced profit was over 30% on a like-for-like basis in the half year to 30 June compared to the same period last year. Shares in Augean climbed 19.4% to 43p.

A profit warning at media consultancy Ebiquity caused the shares to tumble 25.6% to 42p.


Story provided by StockMarketWire.com