StockMarketWire.com - The FTSE 100 was up by midday, advancing 0.2% to 7,520.77 after slipping into the red earlier. Investors apparently focused on the positive elements of China's latest growth figures, announced overnight.

Retailers were in the doghouse after weak industry figures and insurance stocks also took some heat as the market reacted to changes in the way compensation awards to accident victims are calculated. Direct Line shares fell 0.7%, paring heavier initial losses.

LARGE AND MID CAP RISERS AND FALLERS

Sports Direct International sank 10% after the sportswear and equipment retailer delayed the release of its results, blaming the House of Fraser integration process and regulatory scrutiny.

Copper miner Antofagasta advanced 4.7% on news that the World Bank arbitration court had ordered the Pakistani government pay damages of $5.8bn to Tethyan Copper, a joint venture between the company and Barrick Gold.

Pharmaceutical company AstraZeneca was broadly flat, despite the US Food and Drug Administration deciding not to approve its application for a diabetes drug.

Rival pharmaceutical company GlaxoSmithKline rose 0.5% after it announced that a clinical trial of its ovarian cancer treatment demonstrated a significant improvement in progression-free survival for women.

SMALL CAP RISERS AND FALLERS

Baker and cake maker Finsbury Food gained 5.4% as it forecast a 3.1% rise in annual like-for-likes sales, boosted by an improved performance in the second half.

Personal care and beauty products supplier Swallowfield jumped 19.2% on the back of news that it had agreed to sell its manufacturing business to Knowlton Development Corporation for £35m.

Broadcasting services company Amino Technologies rose 1.7% after it announced that it had agreed to acquire online video specialist 24i Media for €21.4m.

Homewares manufacturer and distributor Portmeirion shed 1.5% on announcing that it had acquired US rival Nambe for $12m.


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