StockMarketWire.com - UK stocks opened higher on Monday after positive Chinese manufacturing data cooled global slowdown fears and Brexit uncertainty kept the pound under pressure.

At 0839, the FTSE 100 was up 50.23 points, or 0.7%, at 7.329.42.

EasyJet dropped 7.9% after it warned of softer ticket yields in the second half, as Brexit uncertainty put off travelers.

Rio Tinto gained 2.1%, despite warning its annual iron ore production would be at the bottom end of its guidance range after a cyclone damaged port facilities in Australia.

Fellow miner Ferrexpo rose 3.3% after it said its full year results would be delivered by April, as it probes evidence that its charitable donations to Blooming Land had been possibly misused.

Sports Direct gained 1.6% on announcing that it had been contacted by a number of Debenhams shareholders expressing their support for the appointment Mike Ashley as Debenhams chief executive. Debenhams shares fell 5.5%.

Residential property group Grainger gained 0.8% as it announced it had won a contract from the Transport for London to deliver over 3,000 new homes across eight seed sites in London.

Clothing retailer Joules shed 0.2% on news that chief executive Colin Porter would retire before the end of the group's 2020 financial year.

Serco gained 1.2% after it announced that it had signed a two-year £140m contract extension with authorities in Dubai to continue operating and maintaining its metro train line until September 2021.

Infection prevention product manufacturer Tristel added 4.7% on announcing that two of its disinfectant products had gained regulatory approval in China and South Korea.

Reabold Resources gained 5.5% after it reported a new oil discovery in California that appeared to be larger than initial expectations.

Commercial property investor CLS gained 0.6% after it exchanged contracts to acquire a multi-let office building in Munich for €32.0m. Story provided by StockMarketWire.com