The FTSE 100 was 0.3% higher at 6,683 despite lower Wall Street and Asian markets, as investors await employment data.
West Texas Intermediate (WTI) crude oil was 0.7% higher at $45.25 and Brent crude oil advanced 0.6% to $47.41 per barrel, respectively.
Gold was stable at $1,319 per ounce, while copper climbed 0.5% to $4,651 per tonne.
Sky (SKY) invested $1m in The Drone Racing League and agreed to a distribution deal that will bring drone racing to the Sky Sports Mix channel.
MID CAP RISERS AND FALLERS
Housebuilder Galliford Try (GFRD) was on solid ground after posting a 15% increase in pre-tax profit of £135 million for the year to the end of June, despite uncertainty following the Brexit vote. The company traded 5.7% higher at £11.95.
Homewares retailer Dunelm (DNLM) said revenue rose from £835.8 million to £880.9 million, as a result of significant growth in home delivery sales.
SMALL CAP RISERS AND FALLERS
Plant Health Care (PHC) wilted 27.3% to 20p after more than doubling its H1 pre-tax loss to $6.6m, which it blamed on challenging trading conditions.
Construction services provider Driver (DRV) said it expects to return to profit during the second half of 2016. However, operating profits in the AMEA region were behind expectations, causing the board to increase the provision against outstanding debts in the AMEA region by a further £520,000. Shares in the firm slumped 11.6% to 42p.
MyCelx Technologies (MYX) swung from a loss into the black with a half-year pre-tax profit of $1.4m, as a result of cost control measures, triggering a rise of 12.1%.
Premier African Minerals (PREM) started an extensive diamond drilling programme on its Zulu Lithium project to test for strike and depth extensions of the 3.5km surface strike length and establish a maiden resource. The miner’s shares gained 26.7% to 0.47p.
Clear Leisure (CLP) raised £200,000 through a placing of more than 22 million shares at a discounted price of 0.9p per share to accelerate the buyback of certain subsidiaries bank debts to improve its balance sheet.
Investors responded warmly to Parkmead’s (PMG) decision to increase its stake in the Perth and Dolphin oil fields in the UK Central North Sea.
Modern Water (MWG) fell 22% to 4.88p after its revenues declined by nearly a third to £1.14 million during its reorganisation of the company to cut costs.
Quixant (QXT) was in positive territory after significantly increasing its revenue to $41.3 million and boosting its pre-tax profit in the first half of the year due to the successful gaming division.
Cambian (CMBN) was up 9.3% despite posting a pre-tax loss of £3.5m for the six months to the end of June, down from a profit of £10 million, as revenues rose to £160 million.
Story provided by StockMarketWire.com