- The S&P 500 hit new record levels, before settling slightly lower but still up 0.6% to 2,942.64 by 4.30pm UK time, on signs the US Federal Reserve might consider cutting interest rates.

The FTSE 100 was also in positive territory, closing 0.3% higher at 7,424.44.

Gold miners enjoyed gains as the gold price hit a five-year high, Fresnillo rising 5.6%. Russian miner Evraz fell 3.8% as a group of investors sold shares at a discount. Oil prices also rose amid increasing tensions in the Middle East.


Cruise operator Carnival fell 10.8% as it downgraded guidance alongside second quarter numbers.

Phone retailer Dixons Carphone swung to a loss and said it expected 'more pain' in its mobile segment in the year ahead as it pushes ahead with its transformation programme. The shares fell 5.4%, paring earlier heavier losses.

Dunelm Group upgraded its profit outlook on 'strong' trading across its business continued amid a boost from 'unseasonably' favourable weather conditions. Its shares rose 7%.

Meggitt, which specialises in high performance components for the aerospace, defence and selected energy markets, and Lufthansa Technik AG, a provider of maintenance, repair and overhaul (MRO) services, have signed an agreement for the provision of comprehensive component MRO services for commercial aircraft in mainland China. The shares were up 0.6%.


Petropavlovsk has announced the placement of $125m of guaranteed convertible bonds due 2024. The shares were up 6.9%.

Plus-sized clothing retailer N Brown Group reported 'solid' trading performance in its fiscal first quarter even as revenue declined as the retailer continued to wind down its legacy offline business. It shares rose 3.2%.

Building services firm Premier Technical Services Group rose 140% after agreeing to a takeover by a subsidiary of Australian bank Macquarie.

Junior gold miners Shanta Gold and Serabi Gold rose 9.6% and 19.3% respectively on positive drilling results.

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