The FTSE 100 index is continuing its steady week by adding a further 10 points to 5273.9 points this morning, led by Rolls Royce Group.
The maker of airplane engines has climbed 16.75p or 5% to 328.75p, after announcing a 54% increase in mid-year underlying pre-tax profit.
Royal & Sun Alliance Insurance Group has picked up 3p to 90.5p as the company says it has cut £126m off its pension deficit after agreeing a new pension scheme with employees.
Alliance Unichem, meanwhile, has retreated 15.5p to 815p, despite a 28% increase in first-half profit, as slower sales have caused chief executive Ian Meakins to cut the forecast for full-year wholesale sales growth by half a percent to 3%.
In Tokyo, the Nikkei 225 Stock Average advanced for a second straight day, adding 0.2% to 11,858.31, at its close early this morning.
Telecoms equipment maker Fujitsu picked up 3% to 623 yen, after it narrowed its first-half loss forecast on the back of increased sales of wireless equipment.
Takeda Pharmaceutical also climbed 2.7% to 5,740 yen.
At the losing end, Canon shed 4.7% to 5,660 yen, it biggest fall in almost two years, after announcing profit will fall for the first time in 13 quarters on the back of falling digital camera and office equipment prices.
Printer maker Seiko Epson fell 5.3% to 3,370 yen, after slashing its full-year profit forecast by 19%.
In the US yesterday, the Dow Jones Industrial Averagge index picked up around 58 points to 10637.09 points at its close late last night, led by Johnson & Johnson, as the pharmaceutical firm gained $1.87 to $64.54.
Construction forestry equipment manufacturer Caterpillar also advanced $0.97 to $52.79, after its financing arm, Caterpillar Financial Services, sold $300m of two-year medium-term notes.
Pharmaceuticals firm Merck picked up $0.53 to $31.22.
Photography firm Eastman Kodak continues to slide, losing a further $0.25 to $26.45, as analysts recommend the selling of its stock, while fast food chain McDonalds shed $0.28 to $30.08.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Gareth Vorster on 020 7968 4554 or email [email protected].IFAonline
Feasibility study due
'Let’s be bold enough to demand change'
Joint life second death option added to relieve tax burden on couples gifting assets
Backed by Schroders, LGIM and the IA
New system for funds without without three-year track record