- The FTSE 100 enjoyed a lift from strength in the mining sector, trading 0.6% higher at 7,728 around midday.

Anglo American (AAL) increased 3.1% to £18.52 and Glencore (GLEN) was up 2.7% at 382.2p.

Antofagasta (ANTO) jumped 1.6%.

UK manufacturing improved from 53.9 to 54.4 in May, according to Markit's Purchasing Manufacturers' Index.

Brent crude oil nudged 0.3% higher to $77.79 per barrel.


While UK equities were able to shake off US President Donald Trump's tariffs for steel and aluminium, Wall Street struggled overnight.

The Dow Jones closed 1% lower overnight at 24,415.


Funerals specialist Dignity (DTY) slumped 14% to £10.45 after the Competition & Markets Authority launched a review into the £2bn funerals market. The review aims to ensure people are not getting bad deal from pre-paid funeral plans.

Royal Bank of Scotland (RBS) received a 2% boost to 280.5p following ratings agency Standard & Poor's decision to assign a positive outlook to the rating of its debt, which could cut borrowing costs.

In the mining sector, Rio Tinto (RIO) completed the sale of its 75% interest in the Winchester South coal development in Australia to Whitehaven Coal for $200m. The stock rose 1.2% to £43.93.

Zoopla owner ZPG (ZPG) completed the sale of Hometrack Australia to REA Group for £74m in cash.

Embattled electricals retailer Dixons Carphone (DC.) sparked 4% to 192.5p on an upgrade from 'hold' to 'buy' from analysts at Liberum.


Marketing agency System1 (SYS1) fell 6.7% to 280p on a 68% drop in annual profit, driven partially by a cut in market research spending by clients.

Composite material kits supplier Velocity Composites (VEL) rallied 19% to 62.5p on a long-term agreement to secure the supply of complex design consumable kits for the Boeing 737 Max programme.

Housebuilder Abbey (ABBY) revealed operating profit in the year to 30 April will fall year-on-year despite an increased volume in houses being built. Its shares retreated 4.4% to £13.04.

Weatherly International (WTI) said it was going into administration after flooding at its Tschudi copper project in Namibia caused its financier to pull funding. Its shares were suspended.

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