- London shares are up more than 1% in early deals after Thursday's busy day of central bank's staying their benchmark interest rates, and as protagonist camps in the in-out European Union campaign suspend campaigning after Labour MP Jo Cox was murdered yesterday.

Soon after the open, FTSE 100 was up 61.42 points, or 1.03%, to 6011.9. FTSE 250 was up 288.98, or 1.8%, to 16,321.0. At 8.32am, WTI crude was up 1.08% to $46.71 and Brent was up 1.5% to $47.9/bbl, both off recent highs. Gold was down 0.8% to $1287/oz, also below its recent summit. Europe was up after Wall St and Asia gained.

Global markets have been volatile as Britain nears a vote on 23 June on whether or not to leave the EU, with traders indulging in a flight to safety that has pushed perceived safe-haven assets such as government bonds, the yen and Swiss franc in favour.

Banks were obvious beneficiaries today, led by a 4.94% rise by Lloyds (LLOY) to 64.39p, while Barclays added 3.97% to 164.8p. Standard Chartered (STAN) firmed 3.54% to 516.4p. HSBC (HSBA) was up 0.93% to 430.45p as HSBC Finance Corp resolved a 14-year-old class action.

Ninety-four blue chips progressed. All sectors numbered among them. Insurers traced Aviva (AV.), up 2.87% to 407.35p, and Legal & General (LGEN), up 2.7% to 217p. Also rising were airlines after IAG (IAG), up 3.55% to 482.85p, and multiple leisure stocks.

High-street retail, supermarkets, consumer goods, pharmas house builders and commercial property were also trending north. To the limited downside, Randgold (RRS) fell 3.79% to 6662.5p as gold came off recent highs, with Fresnillo (FRES) fading 1.95% to 1209p.


Tesco (TSCO), up 1.43% to 154.83p, has confirmed the sale of its Dobbies Garden Centres business to an investor group led by Midlothian Capital Partners and Hattington Capital. It will receive £217m cash.

JD Sports Fashion (JD.), up 2.41% to 1254.5p, said its strong start to the year has seen a further boost to sales from the UEFA Euro 2016 tournament. Wood Group (WG.), up 1.78% to 642.25p, has acquired the trade and assets of Enterprise Engineering Service Ltd's (EESL) Aberdeen-based fabrication and manufacturing business.


ZincOx Resources (ZOX), up 40% to 0.88p, has raised £300,000 via a conditional placing of 30,000,000 shares at 1p each. Proceeds of the Placing will be used for working capital to follow up on various opportunities.

CDialogues (CDOG), down 29.27% to 29p, said it has received a notice of termination from Numbase Ltd in respect of the four contracts from which CDialogues generates all of its current revenues. It is currently in talks with Numbase to seek alternative outcomes.

Scancell Holdings (SCLP), down 22.97% to 14.25p, is suspending dosing with the current clinical trial supplies of SCIB1 with immediate effect.


Red Emperor Resources NL (RMP) has been advised that the JV has formally received approval from the Philippines Department of Energy for a two-year moratorium, until 23 December 2017, on required work activity under Service Contract 55. RMP rose 6.1% to 1.13p.

UBM (UBM), up 2.95% to 567.25p, said the sale of its PR Newswire business to Cision, a business controlled by GTCR Canyon Holdings (Cayman) LP, has completed. The total net cash proceeds are £490m.

Tekcapital (TEK), up 2.27% to 45p, subsidiary Belluscura Ltd has successfully concluded a private placement to raise $1.5m.

Lombard Risk Management (LRM), up 1.41% to 9p, has raised £8m via a placing of new ordinary shares at 8.75p each, representing a discount of 1.4% to the closing mid-market price of 8.875p on 16 June.

PPHE Hotel Group Ltd (PPH), down 1.23% to 802.5p, has agreed to sell its wholly owned Croatian operating companies (the Target Companies) to Arenaturist d.d. (Arenaturist) for HRK108.55m to be received in cash at completion.

Imperial Innovations (IVO), up 1.19% to 435.13p, noted the announcement by portfolio company Cell Medica of an exclusive licensing agreement and a co-development partnership with the Baylor College of Medicine to create next generation cellular immunotherapy products for the treatment of cancer.

Beximco Pharmaceuticals (BXP), up 0.86% to 29.25p, has begun exporting pharmaceuticals to Kuwait, the first time a Bangladeshi pharma had launched such products in any Gulf member country under the Gulf Cooperation Council.

Other stocks in the news included Amerisur Resources (AMER), Record (REC), FinnAust Mining (FAM), Lansdowne Oil & Gas (LOGP), Billing Services Group (BILL) and Oracle Coalfields (ORCP).

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