- UK stocks are rebounding from the prior-session sell-off on Thursday, although trading sentiment remains cautious amid ongoing US-China trade tensions.

At 08:58, the benchmark FTSE 100 was 0.23%, or 16.43 points, higher at 7,201.73.

Independent financial advisor Frenkel Topping jumped 4.81% after it said it was performing "well" and in line with the management's expectations since the start of the year following a surge in new investment mandates.

First Group climbed 5.8% after it said it would sell its greyhound business as part of plan to slim down its operations and focus on its first student and first transit segments, which helped the transport company slash annual losses.

British water utility Pennon Group shed 0.93% even as it reported a "robust" performance in its 2018/19 financial year. It said underlying earnings increases were supported by Ebitda growth at its Viridor business, higher revenues and Ebitda at its South West Water unit and £17m in group efficiencies.

Chemicals company Johnson Matthey lost 3.02% despite seeing annual profits soar, driven by 'strong' growth in its clean air division.

Daily Mail and General Trust surged 8.52% as it lifted its outlook on revenues, but kept its full-year guidance broadly unchanged amid uncertainty over advertising revenue streams after the media company saw pre-tax profits more than halve in the first half of the year.

TR Property Investment Trust edged 0.005% lower after it said it saw "modest growth" for the year ahead as it reported that net asset value per share climbed 5.8% to 418.54p for the year ending 31 March 2019 amid steady growth in underlying earnings.

Equiniti Group added 0.56% as it completed the separation of its EQ US division from Wells Fargo.

Inmarsat edged 0.037% higher after it agreed a contract with Airbus to manufacture three "next-generation" Global Xpress network satellites, with the first scheduled to launch in the first half of 2023.

Independent cruise port operator Global Ports grew 3.17% after it said its subsidiary in Antigua struck an equity partnership agreement with Royal Caribbean Cruises.

Finablr lost 0.48% even as Travelex, one of its network brands, reported a rise in revenue and earnings in the first quarter, driven by a "strong" performance across geographies within Middle East and Turkey.

Immotion Group leapt 10.37% as it said it had expanded its aquatic offering after signing a number of additional concession agreements, including its first zoo.

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