FTSE in positive territory on Clinton lead

The blue-chip index rallied 1.7% to 6,806 as Hillary Clinton gained further support in the race to become US President after being cleared of any criminal wrongdoing by the FBI.

HSBC’s (HSBA) strong set of financial results caused the stock to trade 4.4% higher at 620.7p and boosted the FTSE 100.

The gold price eased back, falling 1.7% to $1,280 per ounce as Clinton is seen as an economically safer candidate.

West Texas Intermediate (WTI) crude oil gained 0.6% to $44.36 and Brent crude oil was flat at $45.62 per barrel, respectively.

Copper rose 1.4% to $5,048 per tonne.


Banking group HSBC (HSBA) delivered a good underlying performance as its underlying pre-tax profit increased by 7% to $5.24bn.


Shares in European airline Ryanair (RYA) flew 5% higher on increased first half profit by 7% to €1.17bn. Fares were 10% lower, but so were costs by the same amount. The company provided a cautious outlook and said it expected fares to fall further.


Technology group Redcentric (RCN) crashed 61.8% to 57.2p on an accounting error. It said it would reduce net assets on its balance sheet by at least £10m and potentially double the net debt figure to £30m. Chief financial officer Tim Coleman lost his job.

Sepura (SEPU) rose 17.6% to 21.7p on a potential takeover approach from Hytera.

Cambium Global Timberland (TREE) entered a wood supply agreement with Brazilian paper firm Suzano Papel to sell to Suzano all of the standing timber on Cambium’s 3R property in Brazil. The firm traded 12% higher.

Tonic water seller Fevertree Drinks (FEVR) pleased investors after saying results would be materially ahead of market expectations.

Computer games translation expert Keywords Studios (KWS) said its results would also be significantly ahead of market forecasts, pushing its stock 7.4% higher to 456.5p.

21st Century Technology (C21) soared 29% after announcing a two-year contract extension to an existing framework agreement with Arriva Bus UK to February 2019.

E2V Technologies (E2V) warned its trading performance for the current financial year may be below expectations due to the risk of further delays to anticipated orders in space imaging. Shares dropped 16.7% to 181.2p.

EKF Diagnostics (EKF) was in positive territory after saying trading was better than expected, even after upgraded forecasts over the last few months.

The sale of an energy storage machine to a customer in South Africa helped to drive up shares in RedT Energy (RED).

Two private investors proposed to buy nearly 10% of shares in Tethys Petroleum (TPL) at a premium, pushing its stock higher.

Story provided by StockMarketWire.com