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The FTSE 100 made modest progress early on Friday, building on the previous day's gains to trade 0.1% higher at 7,085.20. The key US jobs report is released later this afternoon.
Industrial and electronics products maker Electrocomponents lifted its guidance on annual performance after reporting that revenue grew by nearly a third in the first half of the year.
The company said it now anticipated full year revenue growth and adjusted operating profit margin to be slightly ahead of the guidance provided with our Q1 update. The company previously guided like-for-like revenue growth of low double-digit to mid-teens for the full year, and adjusted operating profit margin returning to 2019/20 levels.
Its shares dipped 0.6% to £10.69.
Parcel delivery company Royal Mail was flat at 413.6p as it said its subsidiary, General Logistics Systems, had agreed to acquire Canadian logistics company Mid-Nite Sun Transportation, for C$360.0 million.
Student accommodation company Unite Students warned on performance as rental income for the 2021-22 academic year was expected to fall short of expectations. It fell 3% to £10.71.
Clothing and footwear digital retailer N Brown reported that first-half profit doubled as higher margin offset flat revenue growth.
For the 26 weeks ended 28 August 2021, pretax profit grew 100% to £28.2 million year-on-year, while revenue fell 0.1% to £346.8 million. The shares were up 8.3% to 51.3p.
Defence company Chemring said it was retiring a contingent liability of up to £15 million after HM Revenue & Customs confirmed that an enquiry into company's participation in the UK's controlled foreign company finance exemption had been closed. Its shares were up 1.3% to 307.5p.
Leisure business Brighton Pier upgraded its outlook on annual profit and revenue following a 'strong' summer of performance and a £5 million boost from business interruption insurance claims.
The company expects revenue and earnings for the 52 weeks to 26 June 2022 to be 'significantly' ahead of market expectations. It advanced 24.3% to 66.5p.