- Having hit a new record high during yesterday's session, the FTSE 100 nudged further ahead despite a lack of mid and large cap corporate news to encourage higher trading volumes.

At midday the FTSE 100 traded 11 points higher at 7,631. Overseas markets were equally bullish with Hong Kong's Hang Seng index 0.9% higher at 29,863; and China's SSE Composite 0.6% higher at 3,296.

Last night in the US, the Dow Jones ended the day 0.1% higher at 24,774.

Back on the UK market today, the top riser on the FTSE 100 was Paddy Power Betfair (PPB), up 1.7% to £88.85.

Among the select pieces of mid-cap news was further selling of Biffa (BIFF) stock by a divisional director, following some disposals before Christmas. Jeff Anderson, managing director of Biffa's Industrial & Commercial division, sold £562,830 worth of shares in the waste management group.

Small cap news was dominated by the resources, engineering and tech sectors.

Oil and gas firm Providence Resources (PVR:AIM) said oil major Total had exercised its option to farm-in for a 35% interest and operatorship to the FEL 2/14 project off the south west coast of Ireland.

Furthermore, a period of exclusivity has been granted to a potential farm-in partner for the Barryroe project. It didn't reveal the identity of the potential partner, but said successful negotiations would deliver a multi-well programme.

The news pushed up shares in Providence by 25.5% to 7.38p. It also benefited Lansdowne Oil & Gas (LOGP:AIM) which owns 20% of the Barryroe field, sending its share price up by 118% to 1.8p.

Eqtec (EQT:AIM) jumped 6% to 2.65p after completing the acquisition of Eqtec Iberia SL, an engineering company specialising in the design, construction, operation and maintenance of power plants.

Chief executive Luis Sanchez said: 'Today marks a milestone in Eqtec's development and is a transformational step for the company in refocusing its strategy into the energy-from-waste market in the UK and Europe.

'With our patented gasification technology, a strong pipeline of projects and relationships with some of the global market leaders in the energy sector, the board believes Eqtec is well positioned to become a leading player in creating electricity by converting waste into synthetic gas.'

Internet of Things investment company Tern said its 56.8%-owned investee business DA had received commitment for a convertible secured loan of up to $1,688,684 from DA's existing shareholders, including Tern.

Tern has committed to contributing up to $721,162 to the DA Loan, which will be provided in two tranches.

Life sciences company TyraTech (TYR:AIM) received permission by its shareholders to sell its human lice products brand Vamousse to Alliance Pharma (APH:AIM). It is paying an initial cash consideration of $13m with further payments of up to $4.5m based on the achievement of agreed sales performance targets for Vamousse in 2019 and 2020.

Retail sector software provider Oneview (ONEV:AIM) reported a 75% hike in half year revenue to $1.8m and a $2.7 pre-tax loss (2016: $2.4m loss). It said recurring revenue increased by 359% to $0.9m and the cash position at the period end (30 September 2017) was $0.6m.

At 11:58am:

[LON:BIFF] Biffa Plc share price was -3.5p at 254.5p

[LON:EQT] Eqtec Plc Ord Eur0.001 share price was +0.15p at 2.65p

[LON:LOGP] Lansdowne Oil Gas PLC share price was +0.95p at 1.78p

[LON:PPB] Paddy Power Betfair share price was +140p at 8880p

[LON:PVR] Providence Resources PLC share price was +1.5p at 7.38p

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