StockMarketWire.com - UK stocks turned from losses to gains, while a bullish open in the US pushed the Dow and S&P500 closer to all-time highs.

Large cap miners Vedanta (VED), Anglo American (AAL) and Fresnillo (FRES) all took places at the top of the FTSE leaderboard.

The FTSE 100 closed 0.27% higher at 6,301.52, while the FTSE 250 fell 0.1% to 17,177.85.

West Texas Intermediate (WTI) crude oil advanced 1.5% to $51.1 and Brent crude oil rose 1.6% to $52.29 per barrel, respectively.

Gold glittered at $1,260.7 per ounce and copper nudged 0.5% higher to $4,541.59 per tonne.

MAIN NEWS OF THE DAY

Like-for-like sales at Sainsbury's (SBRY) fell by 0.8% in the 12 weeks to 4 June, beating analyst forecasts of a 1.7% decline. In the previous quarter, sales had risen for the first time in two years. The market liked the news, sending the shares up 1.8% to 251.1p.

Fridges-to-washing machines seller AO World (AO.) fell 5.3% to 158.2p as pre-tax losses more than doubled to £6.7m.

British think tank NIESR estimated that UK GDP grew by 0.5% in the three months ending in May after slower growth of 0.4% in the three months ending in April.

MID CAP RISERS AND FALLERS

Real estate investment trust Workspace (WKP) was up 3.9% to 865p after reporting higher pre-tax profit and a hike in its final dividend.

Investment business 3i Infrastructure (3IN) raised 10% more money than initially planned, which will mainly be used to complete investments in Wireless Infrastructure Group and TCR. Shares advanced 5.7% to 176.5p.

British retailer WH Smith (SMWH) said its travel business sales were up due to increased passenger numbers, but the high street business suffered a drop in sales, causing a fall of 4% to 1,670p.

SMALL CAP RISERS AND FALLERS

Horizonte Minerals (HZM) was granted a preliminary environmental licence for the production of ferronickel for the Araguaia Nickel project by the Brazilian Para State Environmental Agency, Shares rose 12.5% to 2.3p.

Shareholders approved a plan by tour operator All Leisure (ALLG) to delist from AIM.

Property developer Henry Boot (BHY) completed two land sales since late May, with one of the sales generating a higher profit than expected. The company expects full-year pre-tax profit to exceed market expectations, which triggered a rise of 7% to 216.5p.

Oil and gas explorer Oilex (OEX) settled legal proceedings with Zeta Resources after it withdrew from a funding agreement, claiming Oilex failed to disclose information. The shares shot up 57.6% to 0.67p.

Marketing communications group Creston (CRE) swung from pre-tax profit into a loss, despite full-year revenue growth and a small increase in its dividend, the market seemed happy as shares rose 5.9% to 96.9p.

Telecoms provider Alternative Networks (AN.) said its revenue and operating profit declined as its mobile performance was impacted by a reduction in roaming tariffs implemented by operators, causing a drop of 8.8% to 299.5p.

Stem cell specialist ReNeuron (RENE) rose 3.7% to 3.5p after reporting positive progress in first-stage clinical trials for a rare eye disease treatment.

Footwear retailer Shoe Zone (SHOE) said revenue and pre-tax profit fell and blamed a difficult period for the industry, triggering a 3.6% decline to 197.5p.

Croma Security Solutions (CSSG) overstated pre-tax profit in the audited accounts to 30 June and said it will result in profitability being materially below expectations. The market was not happy with the news, causing shares to plummet 14.2% to 37.75p.

Logistics operator DX (DX.) said trading was in line with management expectations as customer renewals at the DX Exchange operations were at anticipated levels, boosting shares 4.4% to 17.75p.

African agri-business Zambeef Products (ZAM) swung back into profit, triggering a rise of 4.9% to 8p.


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