- Rising commodity prices and optimism over potential progress on resolving the US-China trade war sparked a mining rally, lifting the FTSE 100 higher by 0.7% to 7,228.

Wall Street was subdued ahead of the US Federal Reserve's latest meeting minutes. The tech heavy Nasdaq made the biggest gains, up 0.3% at 7,507 at around 5pm UK time.

Sainsbury's fell 18.5% to 234.5p after the UK Competition and Markets Authority expressed 'extensive' concerns with the Asda tie-up, putting the deal in doubt.

Brent crude oil gained 1.1% to $67.20 per barrel and copper climbed 1.5% to $2.92 per pound.


Lloyds Banking Group added 4.7% to 61.1p on launching an up to £1.75bn buyback and booking a rise in annual profit that nevertheless missed market expectations.

Acacia Mining strengthened 12.2% to 252.5p after its majority shareholder Barrick Gold outlined a proposal with the Tanzanian government in a bid to resolve the miner's problems in the country.

Glencore advanced 2.3% to 309.7p as it launched a $2bn buyback after also improving its earnings. The company announced a cap on coal production.

Shopping centre operator Intu Properties shed 7.8% to 108.9p after swinging to a loss for the full year and cancelling its dividend, as a challenging retail backdrop and Brexit uncertainty hurt sentiment and reduced property values.

Pharmaceutical company Indivior launched a generic version of its opioid addiction treatment in the US to counter the launch of copycat products by rivals. Its shares rose 1.1%.


Cleaning products supplier McBride plunged 31% to 89.7p as it warned of a fall in annual profit of up to 15% amid higher raw material and distribution costs.

Oilfield services equipment supplier Enteq Upstream revealed annual sales and underlying earnings were expected to be 'materially' ahead of expectations, helping the stock rally 16% to 29p.

Electronics business Gooch & Housego fell 12.4% to £13 after guiding towards low single digit growth for 2019 following less demand for its components.

Laura Ashley warned annual results will miss expectations, triggering a 12.8% decline in the share price to 2.7p.

Advanced minerals specialist Haydale Graphene plummeted 47.9% to 11.9p on confirmation that it is considering placing shares with institutional investors at a significant discount to yesterday's price.

Cell-based therapeutics developer ReNeuron gained 20% to 57p on news that it recorded successful results in a clinical trial of a treatment for the blindness-causing disease retinitis pigmentosa.

San Leon Energy jumped 17.3% to 35.9p after it launched a share buyback of up to $30m by way of a tender offer.

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