- Disappointing manufacturing data and concerns over Brexit kept the pound under pressure, boosting the FTSE 100.

The index closed 1% higher at 7,504 thanks to gains in oil and mining stocks.

Oil majors Royal Dutch Shell added 2.1% to £25.95, followed by BP with a 1.2% rise 553.7p.

UK manufacturing hit a 25-month low of 52.8 following a further slowdown in the sector according to Markit's Purchasing Managers' Index. A figure of over 50 implies expansion and one under 50 suggests contraction.

Brent crude oil increased 0.6% to $78.12 per barrel.


Dechra Pharmaceuticals crashed 21.4% to £24.52 after the veterinary products developer revealed several factors that could impact its outlook, overshadowing full year profit and sales growth.

Advertising giant WPP appointed Mark Read as its new CEO to replace Martin Sorrell, but this failed to move the shares at £12.76.

UK delivery firm Royal Mail announced its subsidiary General Logistics Systems acquired Dicom Canada from private equity company Wind Point Partners. The stock advanced 3% to 461.5p.


Branded footwear retailer Footasylum unveiled another profit warning amid weak consumer sentiment and subdued high street footfall, triggering a 50.6% crash to 41.5p.

Safestyle settled its claims against NIAMIC Developments for trade mark infringement, misuse of confidential information, malicious falsehood and various other matters. Shares in Safestyle rallied 20.1% to 48p.

Oil and gas explorer Frontera Resources surged 87.2% to 0.4p on non-disclosure and data exchange deals with two industry majors.

Scottish broadcaster STV sparked 4% to 407.5p after sealing a four-year strategic partnership with Virgin Media.

Media specialist Future said its World Cup related campaigns and larger than anticipated product launches means earnings are expected to beat market expectations, driving the shares 4.8% higher to 445p.

Cake maker Finsbury Food acquired gluten-free bakery Ultrapharm, helping the shares rise 1.6% to 126.5p.

Automotive retailer Vertu Motors was flat at 49.5p on the appointment of Andrew Goss as independent non-executive director and an upbeat trading update.

Story provided by