StockMarketWire.com - UK stocks opened stronger on Wednesday as a weaker pound helped exporters and Asian stocks were buoyed by Chinese stimulus hopes.

At 0856, the benchmark FTSE 100 was up 30.75 points, or 0.4%, at 6.985.96.

Sterling was under pressure amid reports Theresa May is facing angry internal Tory party resistance to her Brexit plan.

Barclays booked a fall in third-quarter profit, as litigation and conduct charges of £2.1bn weighed, though a decent showing in corporate and investment banking steadied performance. The bank's shares were broadly flat in early trading.

Challenger bank Metro Bank slumped 11%, despite it more than doubling its third quarter profit, as investors focused on a reduction in interest margins due to competition.

London Southend Airport operator Stobart Group slumped 7.0%, as it swung to a first-half loss owing to higher route development and marketing costs.

Chile-focused copper play Antofagasta gained 0.5%, despite downwardly narrowing its output guidance for the full year, amid a 15% production increase in the third quarter.

Fellow miner Fresnillo shed 2.4% on the back of mixed production guidance for the full-year, as gold was expected marginally higher, but silver lower amid continued challenges at its Saucito and Frenillo mines.

Electricity supplier to small businesses Yu Group crashed 80% as it warned of a full-year loss and launched an internal probe after it miscalculated its revenue among other 'areas of significant concern'.

Emergency pet care company Premier Veterinary Group plunged 45% after it also forecast a full-year loss, despite revenue rising 24%, as growth in the US and UK disappointed.

Inkjet printing technology company Xaar rallied 3.2% after it appointed former Kodak executive Shomit Kenkare a its new chief financial officer. Story provided by StockMarketWire.com