London's headline index continued to rally, ending a volatile week firmly above pre-referendum levels, despite the political shenanigans going on in Westminster.
The blue-chip FTSE 100 advanced 1.13% to 6,577.83 and the mid cap FTSE 250 gained 1.19% to 16,465.5, as investors made a move on more defensive stocks and big ticket gold producers.
Markets also appeared to warm to Bank of England governor Mark Carney's attempt to calm nerves in the City, after he publicly pledged to implement measures to bolster the UK economy, following the Brexit result, including a potential interest rate cut.
Today's top blue-chip risers were Fresnillo (FRES), up 7%, and housebuilder Persimmon (PSN), up 6.4%, while the biggest faller was Sage (SGE), off 3.18%.
West Texas Intermediate (WTI) crude oil recently traded at $48.38 per barrel and Brent crude oil at $49.68 per barrel. Gold was on the up at $1335.1 per ounce.
MAIN NEWS OF THE DAY
Sunday Mirror owner Trinity Mirror (TNI) said it anticipated results would meet expectations as a result of strong cash generation, which enabled a further reduction in net debt, gaining 4% to 91p.
Coach operator Stagecoach (SGC) was downgraded by JP Morgan after weaker GDP growth data, which would affect the company's bus and rail operations. Its shares ended 7.79% lower at 213.1p.
In June, the UK manufacturing sector moderately improved, according to the Markit/CIPS purchasing managers' index.
Markit's final US Manufacturing Purchasing Managers' Index for June registered 51.3, up from 50.7 in May.
US construction spending during May fell to a seasonally adjusted annual rate of $1,143.3 billion - 0.8% below the revised April estimate of $1,152.4 billion, the US Census Bureau said today.
The Institute for Supply Management's latest report said economic activity in the manufacturing sector expanded in the US during May for the third consecutive month.
MID CAP RISERS AND FALLERS
Findel (FDL) has confirmed it is in the early stages of discussions with Sports Direct International (SPD) over a possible commercial supply arrangement between Express Gifts and SPD and the possible appointment of Mike Ashley to the board. SDL shares rose 14% to 200.75p in reaction to the news, while SPD shares were off 2.7% at 310.86p.
SMALL CAPS RISERS AND FALLERS
Australia-based gold firm SolGold (SOLG) executed a short-term unsecured loan agreement with DGR Global to receive up to £7 million, nudging higher to 3.15p.
The market was impressed with cloud computing provider RapidCloud International's (RCI) contract with Malaysian conglomerate, Sime Darby Global Services Centre, for its RapidAPI gateway solution, shooting up 12.3% to 41p.
Servoca (SVCA) jumped 8.4% to 22.2p upon the acquisition of Classic Education for £1.2 million, to be funded from existing cash resources and debt facilities.
Investors were worried after media solutions specialist SpaceandPeople (SAL) said it would close S&P+ as a result of delayed and cancelled deals, which will have an effect on full-year financial results, triggering a share price drop of 11.1% to 40p.
Mobile casino operator Nektan (NKTN) slumped 24.6% to 46p after it said marginally lower EBITDA reduced the company's cash levels, forcing directors to assess financing options.
Tissue Regenix (TRX) won a contract with a US purchasing organisation for the use of DermaPure, sending the shares up 7.46% to 18p.
Oil production company EnQuest's (ENQ) drilling of the Scolty/Crathes development wells was completed ahead of schedule and under budget, boosting its shares 5.5% to 33.75p.
Clear Leisure (CLP) fell 12.2% to 0.7p after it narrowed full-year operating losses and financing charges were higher than the previous year.
Furniture retailer John Lewis of Hungerford (JLH) posted higher sales and a bigger order book, but retreated to 1p as investors reacted badly.
Pet medicine maker ECO Animal Health (EAH) posted improved full-year pre-tax profit and a planned 20% dividend hike, as a result of higher sales and a weaker pound, climbing 13.2% to 430.26p.