- A recovery in miners and oil majors lifted the FTSE 100 by 0.5% to 7,613 around midday.

Evraz (EVR) gained 2.4% to 501.8p with Glencore (GLEN) following with a 2.9% jump to 327.7p.

Oil major Royal Dutch Shell (RDSB) added 1.6% at £27.06 and BP (BP.) advanced 1.2% to 587p.

Brent crude oil slipped 0.2% to $78 per barrel and copper cheapened 1.6% to $2.86 per pound.


Fashion retailer Superdry (SDRY) declared a special divided of 25p per share following double-digit growth in annual revenue and underlying pre-tax profit. Shares in Superdry rallied 6.9% to £12.50.

Primark owner Associated British Foods (ABF) fell 3.9% to £26.11 after warning sales and profitability in its sugar division in the year to 30 September 2018 and 2019 are anticipated to be lower than anticipated.

Cyber security firm Sophos (SOPH) suffered an 17% drop to 510.9p as the market was concerned that a slowdown in billings will continue into the second quarter and potentially hit full year trading.

Disruptive estate agent Purplebricks (PURP) doubled sales in the year to 30 April, but investors focused on a sharp hike in operating losses from £5m to £21.3m, prompting a 1.9% decline to 312.5p.

UK housebuilder Persimmon (PSN) was broadly unmoved at £24.66 despite rising sales thanks to better average selling prices and house sales. Its peer Bovis Homes (BVS) which reported a significant step up in first half profit, was also flat at £11.16.

Miner Glencore (GLEN) reported it will complete a $1bn share buyback programme through to the end of the year, helping the stock strengthen 2.7% to 328.2p.


Wastewater treatment company Modern Water (MWG) entered a proposed joint venture with Hangzhou Shangtuo Environmental Technology and announced Sunup agreed to subscribe £550,000 for new shares. The stock soared 53.4% to 13.2p.

Shares in telecom services provider Toople (TOOP) sparked 24.3% higher to 0.8p after sealing two new contracts, which are expected to be material for monthly sales growth.

Boxhill Technologies (BOX) experienced a 'substantial decline' in certain payment processing revenues during May and June, triggering a 39.4% drop to 0.05p.

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