- The FTSE 100 enjoyed a strong performance after US President Donald Trump appeared to ease back on plans to ban Chinese investment in tech firms.

The blue-chip index jumped 1.1% to 7,621.

Investor sentiment was also strong in Europe with Germany's DAX gaining 0.8% to 12,339.

On Wall Street, the Dow Jones benefitted from the biggest boost, up 0.6% at 24,443 around 5pm UK time.

Brent crude oil rallied 2.2% to $78 per barrel.


Shares in online delivery platform Just Eat (JE.) slumped 7.9% to 749p on reports of a cautious outlook at the company's capital markets day, specifically a lack of 2018 guidance.

Sales at Costa Coffee owner Whitbread (WTB) have risen 3.2% in its first quarter to 31 May thanks to further expansion at the coffee chain and hotel chain Premier Inn. Its shares were up 3.4% at £40.27.

Broadcaster ITV (ITV) revealed finance director and chief operating officer Ian Griffiths will retire in the next year, pushing the shares 0.7% lower to 174.7p.

Energy contractor Ultra Electronics (ULE) fell 1.4% to £15.97 amid downgraded first half profit guidance following cost overruns at its Herley unit in the US.

Officer space provider IWG (IWG) warned operating profit is expected to fall short of previous guidance due to its underperforming UK business, prompting investors to mark the stock 2.8% lower to 315.1p.

Distributor Bunzl (BNZL) shed 1.2% to £22.64 on news it slowed to a 'more normal' growth trajectory in the second quarter.


Summit Therapeutics (SUMM) plummeted 79.7% to 40p after its PhaseOut DMD trial failed to meet primary or secondary endpoints in patients with Duchenne muscular dystrophy.

Premier African Minerals (PREM) entered a conditional heads of terms with Cadence Minerals (KDNC) to secure a direct investment for the Zulu project in Zimbabwe of up to $5.1m. The stock soared 35.5% to 0.1p. Cadence Minerals benefitted from a 9% uplift to 0.2p.

African airline Fastjet (FJET) warned it may not be able to continue trading and may be suspended from trading on AIM if it could not raise more money, triggering a 78.8% crash to 3.2p.

Digital printing company Xaar (XAR) announced its legacy ceramics division has been performing below expectations in the first five months of its financial year. Shares in Xaar tumbled 14.4% to 235p.

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