StockMarketWire.com - UK stocks opened stronger on Tuesday after Donald Trump raised the possibility of a 'great' trade deal with China and BP posted bumper earnings figures.

At 0844, the benchmark FTSE 100 index was up 14.12 points, or 0.2%, at 7.040.44.

BP gained 3.8% after the oil giant more than doubled its third quarter profit on the back of higher output and prices.

Restaurant Group fell 12%, as investors reacted skeptically to its decision to acquire Wagamama owner Mabel Topico for £357m and issue new shares to help fund the deal.

Book and convenience chain WH Smith climbed 6.6% on news that it had agreed to acquire airport retailer InMotion for $198m (£155m), offering it a foothold in the US market.

Consumer goods supplier Reckitt Benckiser reversed 4.6% after it said its third-quarter sales slipped 2% due to mechanical disruptions at a European infant formula plant.

AstraZeneca gained 0.9% on the back of news that it had agreed to sell the rights to a stomach acid treatment and an anti-inflammatory for a combined $815m.

Online grocery retailer Ocado gained 5.6%, as it revealed more details of its partnership agreement in the US with Kroger. Ocado said Kroger expected to order 20 customer fulfilment centres over three years, with the first three ordered by the end of 2018.

At the small-caps end of the market, Rainbow Rare Earths slumped 28% after it recorded flat sales in the first quarter and warned it wouldn't hit its monthly production targets until next year.

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