StockMarketWire.com - Reports that the US and China may re-visit trade talks revitalised the FTSE 100, which rose 0.6% to 7,748 as investors were relieved by the potential solution to the tensions between the two countries.

The biggest beneficiaries were miners with Fresnillo rallying 4.2% to £10.39, followed by Anglo American, up 3.3% at £17.32. Glencore and Evraz also enjoyed gains of over 2% each.

Wall Street also enjoyed a strong performance with the Dow Jones rising 0.4% to 25,421 around 4:45pm UK time.

In Europe, all indices enjoyed strong advances.

Brent crude oil slid 0.7% to $74.44 per barrel.

MID AND LARGE CAP RISERS AND FALLERS

Oil major BP smashed second quarter profit forecasts and hiked its dividend for the first time in four years as higher oil prices provided a trading boost. The shares jumped 1.4% to 573.3p.

Builders' merchant Travis Perkins warned profitability at DIY store chain Wickes will be lower than expected as people are buying less in a competitive environment, dragging the stock 10.8% lower to £11.96.

British Gas owner Centrica dimmed 2.6% to 148.7p after unveiling a drop in profitability as more customers switched to its rivals.

Thomas Cook suffered a setback as the recent global heatwave is expected to hit late holiday bookings with full year profits expected to come in at the lower end of forecasts. Shares in the travel specialist fell 1% to 95.9p.

Online delivery platform Just Eat slid 6.3% to 793p as investors were still worried about high investment costs to take on the likes of Deliveroo despite annual sales forecasts being hiked.

IMI enjoyed continued positive momentum in the first half of 2018, pushing the shares 6.4% higher to £12.42.

Standard Chartered continued to grow sales and profits following a long period of restructuring. Investors were cautious on the bank's outlook as the stock dipped 1.2% to 688p.

Miner Vedanta Resources announced chairman Anil Agarwal's family trust Volcan Investments made an offer to buy the rest of the business, sparking a 5.2% rally to 820p.

A management re-shuffle offset the impact of weaker half year results at embattled credit card provider Provident Financial. The market welcomed the shake-up as the shares soared 8.6% to 670p.

GoCompare shed 7.9% to 121.6p on flat revenue growth, prompting concerns over the company's full year performance.

SMALL CAP RISERS AND FALLERS

Shares in oil and gas production group Regal Petroleum soared 76% to 32p after an independent assessment revealed significant volumes of remaining reserves in two fields in Ukraine.

A positive operational update from Nostrum Oil & Gas helped the stock gain 7.2% to 200p.


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