- The FTSE 100 surged 1.9% to 6,968 on reports that the UK government may hold a second referendum and amid speculation over a possible easing of tariffs on China from the US.

European equities also enjoyed positive momentum with Germany's DAX jumping 2.6% to 11,205.

In the US, the Dow Jones advanced 1.8% to 24,657 at around 5pm UK time.

Brent crude oil surged 2.4% to $62.65 per barrel.


Ryanair flew 0.8% higher to €10.10 despite the budget carrier downgrading its full-year profit guidance due to a 7% slump in winter ticket prices.

Rio Tinto added 0.7% to £39.25 after it notched higher copper and iron ore production in calendar 2018, though output slipped for aluminium and titanium.

Cyber security company Sophos Group plunged 17.6% to 310.2p as investors looked past a swing to profit in the third quarter and focused on a decline in billings.

Safety technology group Halma gained 2% to £14.13 on news that it had acquired emergency communications systems supplier Business Marketers Group for $42.4m.

Shares in pizzas and desserts supplier Bakkavor were broadly unmoved at 139.6p after revealing its annual results are set to meet expectations.


Currency manager Record slumped 5.2% to 30p after it reported a fall in third-quarter assets under management due market volatility and net fund outflows.

Remote meeting platform LoopUp sparked 8.1% to 346p thanks to a contract renewable with law firm Clifford Chance.

Fund manager Miton lost 3.4% to 54.3p, despite recording a 15% rise in annual assets under management underpinned by a doubling of net inflows.

Struggling restaurant owner Richoux crashed 51.4% to 3.4p on announcing that it had decided to cancel its listing on AIM and go private to save on administrative costs and perhaps attract financial backing.

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