StockMarketWire.com - After a difficult week that has been dominated by the turmoil in Turkey, the FTSE 100 clawed back some ground on Thursday.

Supported by apparent progress towards a resumption of trade talks between the US and China, by the close the index was up

The S&P 500 was also on the front foot. Up 0.8% at 2,841.41 by 4.30pm UK time.

MID AND LARGE CAP RISERS AND FALLERS

Beach holidays retailer On The Beach jumped 15% to 473.5p on the £20m acquisition of Classic Collection Holidays, which overshadowed weaker demand due to the heatwave and World Cup.

Media reports that Amazon is considering starting a price comparison site put comparison sites companies under pressure. GoCompare.com dipped 0.4% to 113.6p and Moneysupermarket.com shed 4.7% to 284.9p. Confused.com website owner Admiral also fell 0.3% to £20.56 on the speculation.

DIY chain Kingfisher reported disappointing overseas sales and better trading in the UK, leading to a 1.6% increase in like-for-like sales in the second quarter. The stock declined 4.5% to 275.5p. Gambling company Rank lost 2.8% to 171p after profit plummeted over 40% in the year to 30 June.

Kaz Minerals boosted copper production by 18% to 140kt and enjoyed an increase in revenues from $721m to approximately $1.1bn, triggering a 2.6% share price jump to 561.6p.

Marshalls delivered a 12% rise in both sales and operating profit in the first half of 2018 despite the impact of severe weather, prompting investors to mark the stock 15.4% higher to 487.4p.

SMALL CAP RISERS AND FALLERS

Abzena catapulted 150% higher to 15p on a takeover offer of £34.4m from private equity firm WCAS, valuing Abzena at a 167% premium to the closing price on Wednesday.

A sales and profit warning from Green & Smart Holdings wiped off over a third of its market cap value, leaving the shares at 4.38p.


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