StockMarketWire.com - European shares got a boost after Eurozone inflation came in short of expectations, implying the European Central Bank might hold off hiking interest rates. The FTSE 100 reversed losses early on to trade 0.2% higher at 7,197.18 by midday.

Bargain hunters appeared to be out in force for several battered FTSE stocks with shares in Standard Life Aberdeen, ITV, EasyJet and BT all posting decent gains.

Shares in investment trust Woodford Patient Capital fell 11% after trading in Neil Woodford's LF Woodford Equity Income Fund was suspended yesterday.

LARGE AND MID CAP RISERS AND FALLERS

Royal Dutch Shell fell 0.8% despite the oil giant stating that it could potentially distribute $125bn or more to shareholders over the five-year period between 2021 to 2025.

Shell said it would raise its dividend when there was a 'line of site' to the completion of its current $25bn share buyback programme, due by the end of next year.

Online electrical-appliance retailer AO World dropped 7.8% as it reported a wider pre-tax loss that it pinned, in part, on changes to driver scheduling arrangements in Germany.

Online gambling group 888 gained 2.7% after it reported a 2% rise in sales for the year to date, and a 6% rise on a like-for-like basis.

Shopping centre group Intu Properties fell 2.7% on announcing that it had appointed former Crest Nicholson finance head Robert Allen as its new chief financial officer. Interim CFO Barbara Gibbes would resume her duties as director of finance.

Budget carrier Wizz Air gained 3.3% as it reported a 22% rise in passenger volumes during May, as it added new routes to and from Poland and Ukraine.

NewRiver REIT fell 6.5% after it announced that it had sold an Asda foodstore and petrol station in Wales to a private investor for £17.9m, below its book value.

SMALL CAP RISERS AND FALLERS

Photonics system developer Gooch & Housego slumped 22% after it booked a fall in first-half profit and cut its full-year outlook, amid ongoing US-China trade tensions.

Equipment rental specialist Vp rallied 8.8% after it posted a 9% rise in annual profit, buoyed by higher sales in the UK.


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