- UK equities took its cue from strong trading in the US overnight as the FTSE 100 opened 0.2% higher at 7,555.

Among the noticeable risers were cigarette sellers Imperial Brands (IMB) and British American Tobacco (BATS), which drifted 1.1% and 0.7%, respectively.

Brent crude oil ticked 0.4% higher to $63.66 per barrel. Gold nudged 0.2% higher to $1,264 per ounce while copper cheapened 1% to $3.09 per pound.


Investors were confident that transformational US tax cuts would be passed this week, helping the stock markets rise overnight.

The Nasdaq was the biggest beneficiary, up 0.8% at 6,994.

Asian equities chased the US markets higher this morning with the exception of Japan's Nikkei 225, which dipped 0.1% to 22,868.


It was good news from Acacia Mining (ACA) after it agreed to sell a non-core royalty over the Hounde Mine in Burkina Faso for $45m, helping the shares advance 1.2% to 181.8p.

Banking company Old Mutual Wealth (OML) was up 4% to 221.7p on its decision to sell its single strategy asset management business to global private equity firm TA Associates for an expected £600m.


Comparison website GoCompare (GOCO) agreed to acquire MyVoucherCodes owner The Global Voucher Group and its subsidiaries from Monitise for £36.5m. Shares in GoCompare rallied 4.3% to 103.5p as the company expects full-year adjusted operating profits to hit the upper end of forecasts.

Elsewhere, biopharma firm PureTech Health (PRTC) announced its affiliate Entrega sealed a research collaboration with Eli Lilly. Under the deal, Entrega will receive $5m in research funding to investigate the application of Entrega's peptide delivery tech to specific products and therapeutic candidates of Eli Lilly. Shares in PureTech received a 3% shot to 144.2p on the news.

On AIM, precision marketing software specialist Pelatro (PTRO) and global video advertising company Mirriad Advertising (MIRI) made their debut.

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