Wall Street closed higher on Thursday after Donald Trump declined to set a deadline on slapping tariffs on a further $325bn-worth of Chinese imports and energy stocks rallied on the back of two oil tankers being damaged in suspected attacks off the coast of Iran.
The focus will be on the US and China at the end of the week, but not because of their ongoing trade standoff.
European stocks finished the session on the front foot thanks to a slightly more constructive tone from the White House overnight, despite reports of suspected attacks against two tankers in the Gulf of Oman.
DS Smith posted better-than-expected full-year profits despite falling short of some analysts' estimates for topline growth, while sounding a bullish note on the outlook for "certain export-led markets" and revising higher some of its medium-term financial targets.
London's FTSE 250 was 0. 41% lower at 19,171. 03 in afternoon trading on Thursday, as power generation business Contour Global led the index lower.
Glasgow Prestwick Airport will be put up for sale as the Scottish Government looks to return the facility to the private sector.
London stocks finished on a mixed note on Thursday amid worries about Sino-US trade relations and increased tensions in the Persian Gulf after two tankers were set ablaze, even as Boris Johnson won the first round of voting to become the next Prime Minister.
Crude oil futures jumped on the back of reports that two oil tankers off the coast of Fujairah, in the Sea of Oman, were on fire.
Jefferies reiterated its 'buy' recommendation for shares of Ferguson on Thursday, highlighting the company's better-than-average growth prospects, inexpensive valuation and the possibility of higher returns to shareholders.
OnTheMarket reported deeper annual losses on Thursday after the company's administrative expenses almost tripled on the back of increased marketing spend and the addition of new employees.
Funds controlled by Trian Fund Management have amassed a 5. 98% stake in plumbers' merchant Ferguson.
Accesso Technology signed a new three-year partnership agreement with The New York Botanical Garden on Thursday, with the attraction now set to use Accesso's Passport eCommerce suite, Siriusware SM software solution and Ingresso platform.
Polymetal revealed on Thursday that chairman Ian Cockerill had acquired 6,800 ordinary shares in the FTSE 250-listed miner.
Domino’s Pizza Group: Peel Hunt upgrades to buy with a target price of 300p.
London's FTSE 100 was flat at 7,367. 47 in afternoon trade on Thursday.
Analysts at Canaccord Genuity on Thursday reiterated their 'buy' rating on attractions design and fit-out business Paragon, stating the group's interim results a day earlier demonstrated their "positive thesis in action".
Evgen Pharma on Thursday reported a slightly widened annual loss due to a cost increase, with its results in line with expectations as its drugs remain in the development stage.
Wall Street trading began on a positive note at the open on Thursday as US President Donald Trump declined to set a deadline on slapping tariffs on a further $325bn-worth of Chinese imports.
Iofina shares jumped on Thursday after the iodine producer said it plans to move into the production of cannabidiol (CBD) oils and industrial hemp.
Big Four accounting firm PricewaterhouseCoopers has been fined £4. 55m over its 2016 audit of IT management firm Redcentric, the Financial Reporting Council said on Thursday.