StockMarketWire.com - The FTSE 100 followed rallying oil prices higher at 6,920, after earlier struggling to stay in positive territory off the back of downbeat UK construction data.

West Texas Intermediate (WTI) crude oil jumped 2.1% to $44.42 and Brent crude oil advanced 1.6% to $46.8 per barrel, respectively.

Gold glittered at $1,351 per ounce, but copper cheapened 1.5% to $4,762 per tonne.

MAIN NEWS OF THE DAY

Frankie & Benny's owner Restaurant Group (RTN) fattened 10.9% to 417.9p following the appointment of ex-Paddy Power boss Andy McCue to help turn the struggling business around.

UK construction output fell 2.2% in June, more than expected, following a 1.6% slide in May.

US business inventories were $1,813.7 billion in June, which is 0.5% higher than June 2015, according to the US Department of Commerce.

US consumer confidence improved according to the University of Michigan's consumer sentiment survey. Its reading rose from 90 to 90.4 from 90, but this failed to beat forecasts of 91.5.

MID CAP RISERS AND FALLERS

Cineworld (CINE) advanced 2% to 597p after completing the £94 million acquisition of five Empire cinemas.

Animal breeding specialist Genus (GNS) traded 8% lower at £17.82 after a US court ruled that the company infringed a patent involving cattle semen processing technology.

SMALL CAP RISERS AND FALLERS

RapidCloud (RCI) announced a subsidiary was appointed by Alibaba.com as an authorised gold supplier membership channel sales partner for Malaysia, triggering a rise of 37% to 37p.

The market was pleased with the latest results from ventilation products supplier Volution (FAN) as sales improved by nearly a fifth as a result of acquisitions over the period.

Casualty insurer FBH (FBD) reported that pre-tax losses fell to €3.7 million due to the business setting more of its reserves aside to cover potential losses, gaining 12% to €6.7p.

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