- Having lost nearly 2% of its value earlier in the day, the FTSE 100 recovered by the close to trade 6.1 points higher at 6,734.23.

The index was boosted by sterling weakness, which increases the relative value of its constituents' overseas earnings, following manufacturing data which showed evidence of stockpiling ahead of Brexit.

In the US shares were trading lower after the release of disappointing Chinese manufacturing figures overnight. Around 4.30pm UK time, the S&P 500 was down 0.14% at 2,503.39.


Gambling company Playtech agreed to pay €28m in additional tax to Israeli tax authorities for 2008 to 2017, the shares were up 1.3% to 389.8p despite the setback.

Hammerson revealed its annual results are set to meet expectations and its share buyback programme would be halted ahead of the announcement in February. Shares in the shopping centre owner reversed 1.9% to 323.3p.

British power generation company Drax, up 1.3% at 363.4p, completed the acquisition of Scottish Power's portfolio of pumped storage, hydro and gas-fired generation assets from Iberdrola.

Energean Oil & Gas announced a gas supply deal which could deliver up to $900m in sales, helping the shares climb 5% to 660p.


Oil and gas exploration firm Ophir Energy surged 29% to 46.05p on confirmation it is in discussions with Medco Energi Global over a potential takeover of Ophir.

Spectra Systems rallied 10.9% to 117p after receiving its first production order for the company's patented materials-based smartphone authentication product TruBrand.

Faroe Petroleum reiterated its belief that DNO's takeover bid is 'opportunistic' following the release of an independent valuation of its assets. Shares in Faroe slid 1.2% to 145.2p as the company also announced disappointing results from its Brasse East exploration well.

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