- The FTSE 100 was up 0.6% to 7,246.96 despite the US increasing tariffs on Chinese goods, with mining stocks helping to support the index. The relatively relaxed response reflecting a strong showing from Asian shares.

This could be because the news was widely expected and because tariffs will not be charged on Chinese goods which have already shipped, providing a possible window for a resolution of the trade dispute.

British Airways-owner International Consolidated Airlines said first-quarter profit more than halved as passenger unit revenue slid amid a rise in fuel prices, Air Traffic Control disruption and foreign exchange headwinds.

The company also forecast flat passenger unit revenue for the year, that was downgraded from guidance in February for an improvement in passenger unit revenue. However, investors marked the shares 2.9% higher as the result was seen as creditable in light of the challenges facing the industry.

Hotels operator Millennium & Copthorne reported profit down 57.7% to £11m in the first quarter.

The company also saw revenue dip 4% at constant currency and revenue per available room, a key industry metric, drop 0.9%.

The weak performance was attributed to refurbishment affecting major hotels in two of the group's key gateway cities - London and Singapore. The shares ticked up 0.5%, paring the losses seen early on.

Stockbroker Brewin Dolphin fell 4.2% as it reported an 8.2% fall in first-half profit as volatile markets kept a lid on investment performance. The company also announced the €44m acquisition of Investec's Irish wealth management business, funded by a £60m placing at 305p. Mining firm Tharisa dropped 3.6% as it flagged a 60% drop in earnings per share for the six months to 31 March 2019 driven by increased costs, lower volumes and weaker metals prices.

Aviation services firm BBA Aviation gained 2.3% as it reaffirmed its full-year guidance as revenues grew by more than a fifth in the first four months of the year, underpinned by acquisitions. For the period 1 January to 30 April 2019, revenue rose 23.1%, bolstered by organic growth along with the acquisitions of EPIC, Firstmark and Ontic licences acquired during 2018, the company said.

'Smarter' plastics specialist Symphony Environmental Technologies soared 60.7% as it reported the European Commission had instructed the European Chemicals Agency to close oxo-degradable plastics restriction process.

This commenced in December 2017 because the Commission thought the plastics created harmful microplastics and could have covered Symphony's d2w plastics solution.

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