StockMarketWire.com - After a difficult open the FTSE 100 has, along with markets in the US and Europe, recovered through the course of the day to sit solidly higher. By the close the index of leading UK shares was within ten points of the 7,400 mark.

Earlier the collapse of talks aimed at creating an Angela Merkel led government in Europe's largest economy had led to nervousness, amid fears it could mean another election and further uncertainty for investors.

Among the biggest fallers on the FTSE was Shire (SHP) which slipped 2.9% £35.72 as a rival outfit brought out a major new haemophilia drug.

LARGE AND MID CAP RISERS AND FALLERS

Sofa firm DFS (DFS) moved 2.5% higher to 195.25p as its £25m swoop for rival Sofology was waved through by the Competition and Markets Authority this afternoon.

Ahead of its annual results on Wednesday, travel company Thomas Cook (TCG) gained 5.3% to 117.2p as it unveiled plans to launch an insurance product and a pre-paid multiple currencies card as part of swathe of new services.

Industrial inkjet tech firm Xaar (XAR) slipped 15.9% to 384p as it warns revenue in its second half will fall short of expectations.

Industrial component distributor Diploma (DPLM) jumped 10.6% to £11.83 on a 19% rise in full year profit and a bullish outlook statement.

British Gas owner Centrica (CNA) plans to scrap its standard variable tariff and replace it with fixed-term tariffs as it calls for the Government, energy regulator and industry to 'create a market that works for everyone'. The company outlines seven key measures it wants Ofgem and the Government to implement. The shares fell 1.2% to 161.3p

Trading and tech firm NEX (NXG) fell 0.9% to 591.5p, paring heavier losses early on. The market was apparently unimpressed by a fall in first half pre-tax profit as higher spending hit margins at its post-trade business. Alongside the results the company said it had found another £15m of annualised cost savings on top of the £25m already targeted over a three-year period.

Warehouse investor Tritax Big Box REIT (BBOX) announced a £44.4m dealfor a logistics hub in Harlow and the £43.86m purchase of similar facilities in Nottinghamshire and Cumbria. The shares were largely unmoved at 146.2p.

Private healthcare operator Spire Healthcare (SPI) slipped 8.4% to 247p after largest shareholder Mediclinic (MDC) walked away from a potential bid for the company. Shares in South Africa based Mediclinic fell 2.7% to 540.5p.

SMALL CAP RISERS AND FALLERS

Shares in Israeli tailor Bagir (BAGR) were suspended this afternoon after earlier slumping as much as 30% after a warning on 2017 profit. The suspension comes as advanced negotiations with a potential strategic investor could constitute a reverse takeover.

Loo roll maker Accrol (ACRL) was dumped by investors. Down 67% to 43.5p as its shares came out of suspension on AIM and it announced a £18m placing to shore up its balance sheet. The company asked for trading to be suspended in October (5 Oct) as it clarified its financial circumstances. The business has been beset by higher costs and a potential health and safety fine.


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