- The FTSE 100 recovered earlier lost ground to trade flat by midday as it shrugged off sterling strength to respond positively to encouraging news on US-China trade relations and a strong start to the US earnings season last week.

US futures are pointing to a modestly higher open ahead of numbers from Goldman and Citigroup after JP Morgan kicked things off with record first quarter revenue and profit.


Rio Tinto fell 1.2% as it announced that it had committed $302m to its Resolution copper project in Arizona, the company is due to announce production number later.

Temporary office space provider IWG jumped 23% after it agreed to sell its Japanese operations to TKP Corporation for £320m with a franchise agreement with the latter part of the deal.

Energean Oil and Gas rallied 10.4% on news that it had made a 'significant' gas discovery at its Karish North exploration well offshore Israel.

Acacia Mining reversed 3.2%, as its first-quarter gold production fell 13% on-year, mainly due to lower production at its North Mara and Buzwagi mines in Tanzania.

Recruitment company Robert Walters added 1.7% as it had boosted its first-quarter gross profit by 11%, following growth in both the UK and abroad.

Online trading platform IG gained 2.5% after it announced that chairman Andy Green would stand down in September. A search for a replacement was currently underway.

Greeting cards firm IG Design slipped 2.2% to 587p as it said it expected financial performance to be in line with market expectations and significantly up year on year.

Brewin Dolphin dipped 0.2% to 330p as it confirmed media speculation that it was in talks to acquire Investec's wealth management business in Ireland

Power control component supplier XP Power shed 1.1% as it grew its first-quarter revenue by less than 1%, though sales fell on a like-for-like and constant currency basis.


Building materials supplier SigmaRoc firmed 4.4% on news that it had agreed to acquire quarrying group GDH in two stages for £12.4m.

Petra Diamonds weakened by 0.2% as it also reported a fall in third-quarter production, though it left its output guidance for the year unchanged.

Agriculture and engineering group Carr's dropped 4.5% after it reported only a modest uptick in half-year pre-tax profits, as unexpected warm weather in the UK and US hurt agriculture volumes.

Software provider Sanderson jumped 7.5% after it revealed a 30% rise in first-half profit that beat its expectations.

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