- The FTSE 100 continued its rally with another 29 point gain to 6,389 and the FTSE 250 was stable at 16,007.

Miners were having a good day with Anglo American (AAL) and Antofagasta (ANTO) up by 4.8%.

West Texas Intermediate (WTI) fell 1% to $49.37 and Brent crude oil retreated 0.8% to $50.2 per barrel, respectively.

Gold declined 0.4% to $1,318.9 per ounce.


Serco (SRP) confirmed its financial performance in the first few months of 2016 was stronger than anticipated, nudging higher to 109.3p.


Insurance provider Redde (REDD) advanced to 151.07p after it said operating results before exceptional costs for the financial year ending 30 June were likely to slightly exceed market expectations.

Security firm Westminster (WSG) experienced an encouraging start to 2016 with the end of the Ebola crisis in West Africa, ongoing recovery in revenues and increasing interest in its long-term airport security operations, triggering a rise of 12% to 14.2p.

Support services company Stobart (STOB) announced plans to considerably increase its dividend, sending the shares 13% higher to 155.5p.

The market was confident in graphite producer StratMin (STGR) after it was able to achieve operational breakeven by the year end through a partnership with Tirupati Carbons and Chemicals, advancing 3.6% to 1.4p.

Industrial equipment supplier HC Slingsby (SLNG) announced sales were 3.3% down in the four months to 30 April 2016, but that there were signs that the rate of decline was slowing. Investors were worried and sold stock, causing shares to drop 20% to 150p.

Smoke alarm maker Sprue (SPRP) said it hoped to commence shipment of two European products, ST622 and ST630, into Germany in the second half of 2016 as planned. Shares climbed 3.7% to 166p.

The market was not swayed by Vitesse Media's (VIS) reduction in full-year revenue during the transition from low margin event management contracts to hosting its own events. Shares rose 9% to 3p.

Tullow Oil (TLW) said 2016 capital expenditure guidance remained at $1 billion with further savings being offset by additional capex and the start of a new drilling campaign in Kenya, gaining 6% to 268p.

Reabold Resources (RBD) fell to 0.7p after saying it might be subject to significant volatility in financial markets and commodity prices, as well as other potential risk areas, including operational, geological, environmental, sovereign issues and access to capital.

Minerals producer Xtract Resources (XTR) said proposed disposal of the Manica project to Nexus Capital and Mineral Technologies International for $17.5m, was progressing well. Shares shot up 15.9% to 0.1p.

Multi-commodity exploration company Sula (SULA) raised approximately £1 million through equity placements with new and existing investors, advancing to 0.1p.

Engineer Costain (COST) rose 7.9% to 319p after trading strongly in the first half of the year as result of increased repeat orders.

Powerhouse Energy (PHE) swung from a loss into profit and said it was stable for the foreseeable future with a cash balance of approximately £320,000, representing approximately 17 months of company operations. Investors were happy with the turnaround and shares shot up 42.5% to 0.7p.

Oil production company Nighthawk (HAWK) entered an amendment to an existing bank agreement with the Commonwealth Bank of Australia, gaining 34.5% to 1.04p.

Jiasen International's (JSI) pre-tax profit more than halved in 2015 as a result of less revenue emerging from a slowdown in China, causing it to plummet 22.6% to 3p.

China New Energy (CNEL) dropped 29% to 1.6p after its loss widened in 2015 after costs increased.

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