StockMarketWire.com - UK stocks started the week on a bright note following advances on Asian exchanges, with mining companies leading substantial Monday morning gains.

At 1230, the benchmark FTSE 100 index was up 1% at 7,188.

Mining titans Glencore and Antofagasta rose 3% and 2.5% respectively.

Facilities management company Mitie climbed 2.2% to 162.5p on the back of news that it had agreed to sell its catering and hospitality business to CH&CO for up to £85m.

Sale proceeds would be used to strengthen Mitie's balance sheet and trim debt.

Storage company Safestore gained 3.2% to 642p after announcing that it had formed a joint venture with Carlyle European Real Estate Fund to acquire Dutch group M3 Self Storage.

Safestore would buy a 20% equity stake for around €5m and provide management services to the venture.

Data analytics company Ixico jumped 23% to 42p as it forecast full-year revenue and earnings 'materially' ahead of market expectations.

Mineral processing group Tri-Star Resources jumped 13% to 40.5p as commercial-grade production commenced at an antimony-gold processing facility in Oman, of which it held a 40% stake.

Antibiotics developer Motif Bio rallied 6.5% to 2.45p on revealing that it was planning to combat Listeria infections.

AfriTin Mining advanced 5% to 3.7p on heralding the first production of tin concentrate at its flagship Uis mine in Namibia.

Alternative fuels developer Quadrise Fuels International sank 5% to 3.75p after it revealed that it was in advanced talks with a potential funding provider, sparking concerns of a dilutionary equity raising.

Immunotherapy-based cancer treatment developer Scancell fell 4.8% to 6.9p after it withdrew a delayed regulatory application in the US to allow the UK arm of a clinical trial to proceed. At 12:42pm:

[LON:IXI] IXICO plc share price was +8p at 42p

[LON:MTO] MITIE Group PLC share price was +3.45p at 162.45p

[LON:SAFE] Safestore Holdings PLC share price was +19.5p at 641.5p



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