- UK stocks opened higher on Wednesday amid mounting hopes the UK could avoid a disorderly exit from the European Union, though the situation remained volatile as Theresa May headed back to Brussels for more talks.

At 0844, the benchmark FTSE 100 was up 48.17 points, or 0.7%, at 6.882.10.

Bourse operator London Stock Exchange announced it would acquire a 4.9% interest in Belgian settlement services provider Euroclear for €278.5m.

Its shares eased back 0.3% on the news.

Performance materials group Low & Bonar dropped 7.7% as its annual losses more than doubled and it launched a £54m discounted share issue to strengthen its balance sheet.

Hungarian low-cost carrier Wizz Air descended 2.9% as it reported a sharp fall in third-quarter revenue partly owing to higher fuel costs.

Satellite communications company Inmarsat won a contract to provide inflight broadband to Indonesian national carrier Garuda. Its shares, however, fell 0.2%.

Private equity and infrastructure investor 3i Group said it remained on track to meet or exceed full-year guidance. Its shares added 0.2%.

Waste-to-product group Renewi gained 3.7% on announcing that it expected to deliver full-year results in line with its expectations, despite a softening performance at its commercial division.

Mobile payments group Mi-Pay shed 5.5% after it forecast another annual operating loss, albeit narrower, despite boosting sales.

Marketing group RhythmOne confirmed media speculation that it was in 'advanced discussions' regarding a share-based takeover of the company by Taptica International. Its shares rose 0.2%.

Entertainment marketing group Reach4entertainment added 1.9% on news it had agreed to acquire 50% of Gary Neville-backed sports content supplier Buzz 16 Productions, for an undisclosed sum.

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