StockMarketWire.com - The FTSE 100 remained stable despite lower oil prices and the Organisation of Petroleum Exporting Countries (OPEC) failing to reach a deal concerning a new output ceiling.

The FTSE 100 closed 0.10% to 6,185.61 and the FTSE 250 was 0.09% higher at 17.076.26.

The European Central Bank (ECB) left interest rates unchanged, which helped the FTSE remain in positive territory.

West Texas Intermediate (WTI) rose 0.51% to $49.26 and Brent crude oil advanced 0.74% to $50.09 per barrel, respectively.

Gold was down 0.03% to $1,211.5 per ounce, while copper cheapened 0.41% to $4,541.59 per tonne.

MAIN NEWS OF THE DAY

Technology provider Johnson Matthey (JMAT) said sales were up 3% after emission control technologies had a strong year and proposed a higher full year dividend of 71.5p, pushing the share price up 5.4% to 2,980p.

US initial unemployment claims fell by 1,000 to 267,000 in the week to 28 May said the US Department of Labor.

Private sector employment in the US rose by 173,000 from April to May, according to the latest ADP National Employment report.

MID CAP RISERS AND FALLERS

British manufacturing form Cobham (COB) was awarded a contract by Airbus to supply its new digital radio and audio integrated management system for the A320neo, although this didn't stop shares sliding 0.5% to 137p.

SMALL CAP RISERS AND FALLERS

Filtration specialist Porvair (PRV) reported constant currency revenue growth of 10% and interim profits are expected to be higher than last year, as shares climbed 5% higher to 338p.

Lottery product provider Boxhill (BOX) received winding up petitions against the company and its subsidiary Prize Provision Services, causing shares to plummet 8.1% to 0.17p.

Low-cost African airline Fastjet (FJET) increased its revenue in the full year to 31 December 2015, although it was impacted by a weakening Tanzanian economy, Tanzanian Shilling exchange rate and political uncertainty, triggering a drop of 11% to 25.10p.

Irish-based resource firm Conroy Gold and Natural Resources (CGNR) commenced a drilling programme on its licences on the Glenish and Clay Lake, boosting shares by 17.8% to 27.7p.

Mineral exploration company Beowulf Mining (BEM) was awarded an exploration licence for Atvidaberg nr 1 from the Mining Inspectorate of Sweden, with shares advancing 16% to 4.35p.

Investment firm Armadale (ACP) entered a heads of terms agreement to acquire the Mahenge Liandu Graphite project in south east Tanzania, but this didn't stop shares dropping 21.2% to 1.28p.

Oil company Nighthawk (HAWK) suffered a 38% decline in group revenue to $29.6 million in 2015 as a result of lower oil prices, causing shares to crash 9.8% to 0.9p.

Mineral exploration firm North River Resources (NRRP) nearly tripled its loss before tax due to a one-off impairment for two exploration licences, as it dropped 6% to 0.11p.

Energy efficiency technology provider Sabien Technology (SNT) said it expects revenue of £0.9 million and a loss of up to £17 million in the financial period to 30 June, as a result a large number of withdrawn projects and a reduction in contract value for various sales. Shares plummeted 31.7% to 4.10p.

Cell therapy group Oxford Biomedica (OXB) entered a research and development collaboration with Green Cross LabCell to deliver life-saving therapeutics and vaccines, triggering a rise of 3.4% to 5.5p.

Pet care specialists Premier Veterinary (PVG) signed a five-year distribution deal, allowing its products to be sold to 600 hospitals in the country, boosting shares 5.4% to 145p.

High purity stevia ingredients producer PureCircle (PURE) was issued a detention order by US Customs and Border Protection, impacting shipments into the US by the company, based on an allegation of products being produced using forced labour. The firm said the accusations were inaccurate, but shares plummeted 13.2% to 315p.

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