- Following a whirlwind start to the week with resignations from pro-Brexit politicians David Davis and Boris Johnson, the FTSE 100 nudged 0.2% higher to 7,701 amid robust economic data.

The UK economy grew 0.3% in the quarter to May according to the Office for National Statistics, driven by modest growth in the services sector thanks to warm weather and the royal wedding.

Among the noticeable blue-chip performers were oil majors Royal Dutch Shell (RDSB) and BP (BP.) with gains of up to 0.8% apiece.

Brent crude oil advanced 1.2% to $79 per barrel.


Financial trading firm TP ICAP (TCAP) plummeted 34.8% to 273.9p following a profit warning and chief exec John Phizackerley's departure.

High investment costs at online grocer Ocado (OCDO) hit core earnings in its first half, but investors remained optimistic about its long term prospects as the stock accelerated 5.4% to £10.66.

Software reseller Softcat (SCT) pleased investors after announcing it is expected to beat forecasts thanks to favourable market conditions, helping the stock rise 6.7% to 759p.

Infrastructure services provider Kier (KIE) secured three-year extensions on its Highways England Areas 3 and 9 contracts, worth £250m per annum. Shares in the company rose 3.4% to 966.5p.


Residential care home specialist CareTech (CTH) approached children's services provider Cambian (CMBN) with a takeover offer for a potential £600m merger. The news prompted a 33% rally in Cambian to 197p.

According to reports, a key investor in Premier Foods (PFD) hiked its stake 9% to 17.3% as pressure mounted against the re-election of chief excecutive Gavin Darby. Shares in Paxo and Angel Delight owner fattened 4.2% to 43.7p.

A robust set of annual results from photo booth operator Photo-Me (PHTM) boosted the stock 3.6% higher to 113.3p.

Recruiter Robert Walters (RWA) benefitted from growth in its international markets after profit rose 16% in its second quarter, but the stock was flat at 770p.

ITE Group (ITE) rallied 9.9% to 86.8p following a strong jump in volumes and forward bookings.

Real-time financial market data processor Arcontech (ARC) revealed profit for the year to 30 June is expected to beat market expectations, triggering a 25.3% rally to 94p.

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