- World stocks enjoyed some positive momentum as investors hoped for a deal between the US and China to put an end to the trade war.

The FTSE 100 closed 0.1% higher at 7,178.

On Wall Street, investor sentiment was stronger as the Dow Jones rose 0.7% to 26,026 at around 5pm UK time.

Brent crude was up 0.2% at $67.20 per barrel.


CMC Markets crashed 22.8% to 90p after warning contracts for difference and spread betting sales are expected to be 25% to 35% lower year-on-year compared to previous guidance of a 20% fall.

Shares in peers Plus500 and IG Group fell as investors had a negative read across from CMC.

High street bank Barclays declined 2.3% to 157p after non-executive director Gerry Grimstone decided to resign.

Cheese and butter manufacturer Dairy Crest agreed to be taken over by Canadian dairy processor Saputo in a deal worth £975m or 620p per share. Its shares advanced 11.3% to 618p.

Subprime lender Provident Financial rose 15.2% to 589.4p after it received a £1.3bn share-based takeover bid from rival Non Standard Finance.

Challenger bank Metro Bank gained 9.6% to £14.30 on news that it had won £120m in funding from Banking Competition Remedies, a vehicle set up by the UK government and European Union and funded by Royal Bank of Scotland.

Fellow lender CYBG went in the opposite direction, shedding 5.2% to 187.1p, after confirming that it missed out on the funding.

Educational publisher Pearson was up 2.2% after it booked a lower annual operating profit that nevertheless landed in the upper half of its guidance range. It targeted a return to revenue growth in 2020.

Power utility Centrica gained 1.1% after announcing that it had renewed a series of debt facilities worth a combined £4.2bn with 21 banks. The company's shares fell heavily after a disappointing earnings result on Thursday.

Theme park group Merlin Entertainments said it had sold its Hotham and Falls Creek Australian ski resorts Vail Resorts for A$174m (£95m). Its shares dipped 0.2%.


Struggling UK carrier Flybe fell 26.1% to 1.5p as it completed the sale of its businesses to the Connect Air consortium involving Virgin Atlantic and Stobart for just £2.8m. Stobart gained 0.5%.

A positive research note on Codemasters from Berenberg helped the shares accelerate 3.9% to 198.5p.

Advanced materials company Haydale Graphene plunged 80.2% as its first-half losses widened and it launched a discounted share issue to raise £3.8m.

Entertainment marketing communications group Reach4entertainment gained 10% to 1.3p on news that it agreed to acquire advertising agency Agency Press for up to £10m, and had launched a £3m share issue to help fund the deal.

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