FTSE ticks higher on positive China data

As of shortly after 9.30am, London's leading index was 20 points higher at 5,245. China's official purchasing managers' index rose to 51.7 in August from a 17-month low of 51.2 in July, causing an improvement in commodity prices and overall sentiment. Miners led the way on the FTSE, with silver miner Fresnillo advancing 3.85% to £11.32. Elsewhere, TUI Travel gained 3.33% to 208p while InterContinental Hotels Group climbed 1.78% to 999.5p. Early morning casualties include ARM Holdings, down 1.58% to 361p, and British Airways, which fell 1.09% to 208.7p. On Wall Street, US st...