- The FTSE 100 continued its bounce back following progress in Germany over immigration issues, positive UK construction data and higher commodity prices.

Miners enjoyed a strong performance with Fresnillo (FRES) rising 2% to £11.38 and Randgold Resources (RRS) adding 2% to £58.50.

BHP Billiton (BLT) followed with a 1% gain to £16.70.

The blue-chip index closed 0.6% higher at 7,593.

UK construction output growth hit a seven-month high in June as Markit's Purchasing Managers' Index advanced from 52.5 in May to 53.1. A reading over 50 implies growth while one under 50 suggests contraction.

Brent crude oil slid 0.4% to $77 per barrel. Gold gained 1.1% to $1,254 per ounce, but copper cheapened 1.2% to $2.90 per pound.


Ahead of Independence Day celebrations on 4 July, US equities were on the front foot with the Dow Jones taking the lead, up 0.3% at 24,339 around 4:45pm UK time.


Miner Glencore (GLEN) slumped 7.8% to 322.1p after receiving a subpoena from the US Department of Justice to produce document to comply with the Foreign Corrupt Practices Act and money laundering statutes.

Ferrexpo (FXPO) shed 1.2% to 181.1p following a decline in pellet production in its second half of 2018 compared to the same period last year.

Hungarian airline Wizz Air (WIZZ) unveiled strong passenger numbers for June, helping the shares fly 1.4% higher to £35.40.

Elsewhere in the sector, Ryanair (RYA) reported it carried 7% more passengers in June despite thousands of customers suffering cancellations following strikes by air traffic controllers. The stock dipped 0.4% to €15.50.

Paragon Banking (PAG) added 8.4% at 510p on its acquisition of Titlestone Property Finance for £48m.

Fashion retailer Asos (ASC) appointed former ITV chief exec Adam Crozier as chairman, pushing the shares 2.1% higher to £62.50.


Personal care products manufacturer McBride (MCB) announced its second profit warning this year after revealing full year pre-tax profit will be marginally lower than analyst expectations. Shares in the company fell 4.5% to 126p.

Car seller Marshall Motor (MMH) accelerated 0.9% to 168p after announcing its full year outlook is at the upper end of expectations thanks to a tighter control on costs and the closure of several loss making sites.

The success of Jurassic World Evolution was good news for video game developer Frontier Developments (FDEV) as it implies it could hit the upper end of market forecasts if the game continues to sell well. Shares in Frontier jumped 2.2% to £13.95.

Utilitywise (UTW) rallied 18.2% to 33p on collaboration with Vodafone (VOD) and computer firm Dell to launch an Internet of Things energy and building management platform.

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