StockMarketWire.com - UK stocks are rising on Thursday morning despite losses on Wall Street overnight with slow trading expected during the session.

At 08:58, the benchmark FTSE 100 was 0.20% higher, or 15.13 points, at 7,504.18.

IMI edged 0.097% higher to 1,032.50p even as it reported a slight fall in half-year profits as industrial automation weakness continued to hurt performance in its precision engineering division and revenue slipped in its critical engineering division.

Pantheon International added 0.22% to 2,315p even as it announced a 0.6% decrease in NAV per share at 30 June as investment income was offset by valuation losses, foreign exchange movements and expenses and taxes during the month of June.

Vodafone surged 7.33% to 141.68p as it said it remained confident on its full-year earnings guidance even as it reported a 2.3% drop in first-quarter group revenue, which it attributed to foreign exchange rate effects. The company also said it had moved to legally separate its towers business into a new organisation, that it could list within the next 18 months.

Entertainment One added 0.5% to 447.42p after it announced that Mark Gordon would continue to develop and produce content for the group after signing a multi-year deal.

Rightmove edged 0.020% higher to 511.70[ after it posted a 10% increase in first-half revenue as advertising revenue growth offset the impact of a decline in branch numbers. This came even as low-stock agency branches bore the brunt of a 4.6% drop in housing transactions against the first half of 2018.

London Estate Agent Foxtons Group was unchanged at 58.40p even after it reported wider half-yearly losses on lower revenue in its sales business amid ongoing weakness of the London market. The company also said that it expects conditions to remain challenging.

Veterinary services provider CVS climbed 4.36% to 922p after it said it expected adjusted earnings to meet recently upgraded market expectations as annual revenues climbed by nearly a quarter amid improved second-half performance.

Independent Oil and Gas surged 27.94% to 20.47p after it said it had struck an agreement with CalEnergy Resource to farm out 50% of the company's Southern North Sea assets for an initial payment of £40m in cash.

Mothercare slumped 11.39% to 17.50[ after it said the UK market would continue to be 'uncertain and volatile' in the medium term, accompanied by 'fragile' consumer confidence as it warned on profits in a 15-week trading update.

Begbies Traynor Group fell 2.26% to 76.24p after it detailed plans to raise gross proceeds of up to £8.3m through the placing of shares at a discount to fund acquisition opportunities.

Global education company Pearson jumped 5.65% to 924.90p after it reported underlying growth across all its divisions in the first half of the financial year and maintained its profit guidance as it began to see benefits from its shift from print to digital.

Anglo American fell 5.17% to 2,074p after it said it had purchased 290,000 shares on 25 July as part of its plan to buy back up to $1bn worth of shares.

Charter Court Financial Services Group's subsidiary Charter Mortgages said it had agreed to sell its economic interest in the Precise Mortgage Funding 2019-1B securitisation to J.P. Morgan Securities for £6.2m in cash. The stock was last seen unchanged at 316p.

British-Airways owner IAG slipped 0.74% to 441.40p after it said it had forked out €52.8m to early-redeem the remaining 10.56% of the bonds that were due to be redeemed on 17 November 2020.

Superdry shed 0.66% to 450.60p after it said it had appointed two new non-executive directors to its board.

3i Infrastructure added 0.30% to 284.85p after it said it had agreed to invest about €220m to acquire an up to 100% stake in Ionisos from Ardian Expansion.

Condor Gold lost 2.86% to 17p even as it said it had raised net proceeds of £4.04m following the private placement of shares.

Airtel Africa rose 1.73% to 70.70p after it said profits more than doubled in the first quarter driven by double-digit revenue growth in Nigeria and East Africa.

Pharmaceutical company Shield Therapeutics rocketed 62.32% to 168p after it said it had received FDA approval in the United States for its Feraccru (Accrufer in the US) drug for the treatment of iron deficiency in adults. XPS Pensions Group edged 0.042% higher to 119.05p after it announced that non-executive director Jonathan Punter would retire from the board of directors at the end of the company's annual general meeting on 12 September 2019.

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