StockMarketWire.com - Weak Eurozone growth figures failed to hold the FTSE 100 back, which rose 0.1% to 7,035 driven by gains in utilities, housebuilders and oil giant BP.

Index heavyweight BP gained 2.1% to 546.3p after the oil giant more than doubled its third quarter profit on the back of higher output and prices.

European equities were in the red after weak Eurozone growth figures with Germany's DAX down 0.4% at 11,287.

On Wall Street, investor sentiment was stronger with the Dow Jones jumping 0.8% to 24,647 around 5pm UK time.

LARGE AND MID CAP RISERS AND FALLERS

Restaurant Group fell 17.3% to 245.8p, as investors reacted sceptically 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 4.9% to £18.19 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 4.7% to £63 after it said its third-quarter sales slipped 2% due to mechanical disruptions at a European infant formula plant.

IG Group appointed June Felix as chief executive officer, pushing the shares 5.1% higher to 611p.

Energy services group Hunting slipped 5.2% to 661p on news that its US offshore and international markets remain slow amid geopolitical tensions and a lack of confidence in commodity prices.

AstraZeneca gained 1.3% to £59.41 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% to 840.6p, 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.

SMALL CAP RISERS AND FALLERS

At the small cap end of the market, Rainbow Rare Earths slumped 48.2% to 5p 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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