StockMarketWire.com - UK stocks are moving higher on Thursday as US-denominated firms benefited from the drop in sterling after Parliament failed to show a majority for any of the eight types of Brexit on offer on Wednesday and as Theresa May told MPs she may resign.

At 08:58, the benchmark FTSE 100 was 0.73%, or 52.41 points, higher at 7,246.60.

SSE added 0.14% as it said it expected to report a "significant reduction" in its Wholesale business operating profit for 2018/2019 and was continuing to examine future options for its SSE Energy Services, the energy supplier said in an update ahead of its full-year results in May.

HICL Infrastructure Company Limited edged 0.41% higher after it said it furthered its partnership with Macquarie in the Netherlands by acquiring certain rights to make an investment in the Blankenburg Connection public private partnership project.

British engineering company Meggitt edged 0.38% lower despite announcing it had been awarded a contract from General Dynamics Land Systems to provide the auxiliary cooling and power system for the US Army's Abrams tank Program. The contract was worth up to $37m.

International Public Partnerships Limited lost 0.19% as it said pre-tax profits rose by more than fifth amid an increase in net assets.

Derwent London said the Brunel Building office space in Paddington was now fully pre-let ahead of completion of the development.

Global Ports Investments said annual losses doubled as higher revenues were offset by a rise in dollar-denominated debt amid a weaker Russian rouble.

The Renewables Infrastructure Group (TRIG) inched 0.031% higher after the firm said it had raised £302.1m in gross proceeds from its share issue earlier in March to fund future acquisitions.

Digital music solutions company 7digital jumped 9.76% after it announced it had signed an initial one-year contract with Dubset Media providing access to the company's music platform.

Mitie Group dropped 7.73% even as it said it expected to see an increase in operating profit for full-year 2018-2019 as its transformation programme continued to make "steady progress" despite a challenging backdrop, the British outsourcing and energy services company said in a pre-close statement.

UK oil company Premier Oil fell 1.41% as it said it had completed the sale of its Pakistan business - Premier Oil Pakistan Holdings - to Islamabad-based firm Al-Haj Energy for $65.6m.

Primary Health Properties added 0.15% after it said it would pay 1.4p per ordinary share of 12.5p in its second quarterly interim dividend announcement in 2019.

UK logistics group Eddie Stobart climbed 1.68% after the firm said annual profits doubled as revenue grew by more than a third.

Shares of Johnson Matthey advanced 2.27% as the chemical company said it had achieved two major milestones that kept it on track to start producing energy battery cathode materials.   Story provided by StockMarketWire.com