StockMarketWire.com - FTSE indices trudged higher in early deals, following yesterday's lower close, on a string of firming oil and mining, financials and property stocks. This after a mixed Wall St and Asia overnight, as Europe eked out mild gains.

Shortly after the open, FTSE 100 was up 38.11 points, or 0.63%, to 6072.95. FTSE 250 was up 69.04, or 0.4%, to 17,145.9. At 8.33am, crude was up less than 1% but overall still below USD37/bbl. Gold, silver and copper were mildly down, but other metals prices were mixed.

BG Group (BG.) led oilies with a 3.15% surge to 928.1p, while BP (BP.) added 1.92% to 341.63p and Shell (RDSA) rose 1.66% to 1466p. Among miners it was Anglo American (AAL) leading and up 1.72% to 285.33p, with Glencore (GLEN) firming 1.54% to 84.33p. Others in both sectors rose.

Financials were guided north by banks Standard Chartered (STAN), up 2% to 560p, and Barclays (BARC), up 1.56% t6o 219.78p. Insurers traced Old Mutual (OML), up 1.39% to 175p, and investment specialists trailed Aberdeen Asset Management (ADN), up 1.46% to 289.05p.

Commercial property firmed after Land Securities (LAND), rising 1.25% to 1175.5p, and residential after Berkeley (BKG), up 1.76% to 3621.5p. Eleven blue chips were lower, these rich with supermarkets after M&S (MKS), down 1.24% to 442.05p, and Sainsbury (SBRY), off 0.75% to 257.65p.

BLUE-CHIP NEWS

BHP Billiton (BLT) was up 0.71% to 721.8p, after a court in Brazil court ordered Samarco, its JV with Vale, to deposit BRL2bn to a court-managed bank account, or 10% of the sum sought by plaintiffs for clean-up costs and damages in relation to a mine dam burst that claimed at least 17 lives. Non-compliance by the deadline would see Samarco fined BRL1.5bn a day.

BIGGER MOVERS

Infinity Energy (INFT), down 36.78% t0 0.28p, said talks about the possible acquisition of 50% interests in 9 UK PEDL licenses in South Wales, and owned by Eden Energy Ltd in Australia, have been terminated.

RapidCloud International (RCI), down 35.71% to 13.5p, expects FY revenues to be similar to those achieved in the financial year ended 31 December 2014. "This is below market expectations," it said.

Bahamas Petroleum Co (BPC), up 26.87% to 1.7p, is pleased the Bahamian House of Assembly has passed the Petroleum Bill and associated regulations, as well as a Sovereign Wealth Bill. The Bills will now be sent to the Bahamian Senate and following successful passage the Governor General will receive the Bills for assent into law.

LONDON HIGHLIGHTS

Concha (CHA), down 16% to 0.53p, has booked a FY pretax loss of GBP628,000, down from GBP1.2m last time. Revenues were mildly up. Meantime, Central Rand Gold (CRND), down 20.69% to 2.88p, has terminated the potential sale of Central Rand Gold (Netherlands Antilles).

Stratex International (STI), up 17.54% to 1.68p, has sold its 1% net smelter return (NSR) royalty for the Oksut gold project in Turkey to former joint-venture partner Centerra Gold Inc. for USD4.5m. Legendary Investments (LEG), up 10.71% to 0.16p, has booked a record H1 profit before and after tax of GBP2.4m, against a loss of GBP231,000 last time.

Leaf Clean Energy (LEAF), down 6.76% to 34.5p, has filed a complaint against investee Invenergy Wind LLC in the Delaware Court of Chancery, in relation to TerraForm. Arria NLG (NLG), up 5.49% to 31.25p, announces a new framework agreement for configuration, deployment and licensing of multiple NLG applications with Genpact.

Bloomsbury Publishing (BMY), down 3.9% to 150.63p, has agreed to acquire -- for up to GBP1.4m less deferred income -- certain LexisNexis and Jordan family law publishing assets of RELX and Jordan Publishing as a pre-condition of the Competition and Markets Authority approval of the purchase of the Jordan publishing business by RELX.

Trinity Exploration and Production (TRIN), up 3.62% to 3.86p, has agreed a further extension to the moratorium on principal repayments, relating to its outstanding debt balance of USD13.0m with its lender, until Dec. 31.

FastForward Innovations (FFWD), up 1.32% to 9.63p, is increasing its stake in education technology company Vemo Education to 12.5% after acquiring 527,059 shares from founder Lorne Abony.

Cape (CIU), up 1.59% to 239.75p, said its SOCAR Cape JV has been awarded a two-year extension contract by BP (BP.) for the provision of Fabric Maintenance Services at its onshore and offshore assets in Azerbaijan. The contract has an estimated value of over USD90m.

Other stocks in the news included Mortice (MORT), Koovs (KOOV), ProPhotonix Limited (PPIX), Nostra Terra (NTOG), Tracsis (TRCS), HgCapital (HGT), 21st Century Technology (C21), Schroder European Real Estate Investment Trust (SERE), Shanks Group (SKS), Drum Income Plus REIT (DRIP), Physiomics (PYC) and Aureus Mining (AUE).




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