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The FTSE 100 was up 0.3% to 7,216.48 by midday putting it on course to end a decent week in robust fashion after US shares hit new record highs overnight.
Aerospace, defence and security company Babcock said it had entered into an agreement to sell its wholly owned subsidiary Frazer-Nash Consultancy to KBR for £293 million. It advanced 6.3% to 326p.
Military equipment maker Avon Protection warned on performance for its current and next fiscal year following a delay in orders under existing contracts owing to Covid-19 related and supply chain disruptions. It fell 25.2% to £22.07.
Murray International Trust, the British investment trust, has announced a 5% spike in assets before liabilities in its half year results. It ticked up 0.1% to £11.31.
Weekly competitions organiser Best of the Best warned on performance as the pandemic-related demand softened following the end of the lockdown on 12 April. It slumped 44.7% to 844p.
Oracle Power, the international natural resources project developer, has announced the Department of Mines, Industry Regulation and Safety in Western Australia, has approved the companies programme of work for the northern zone gold project. Its hares were broadly unchanged.
Trinity Exploration & Production, the E&P company focused on Trinidad and Tobago, has confirmed that Nicholas Clayton has been appointed non-executive chairman of the company. It dipped 0.9% to 146.7p
Westminster Group, the supplier of managed services and technology-based security solutions, has a announced a 16% jump in group revenues in its half year results. It fell 3.7% to 5.25p.