The FTSE 100 rebounds after yesterday's losses up 37.6 points to 7,320 on opening.
The market had mixed cues yesterday with a poor S&P 500 close but a stronger performance in China.
Bonds are rallying after the minutes of the latest US Federal Reserve meeting reveal chair Janet Yellen's assessment that stronger business confidence has not translated into higher consumer spending.
Cyber security play Sophos (SOPH) gains 10.2% to 300p as it lifts profit forecasts following a 'very strong end' to its financial year. Revenue of $630m is expected for the year to 31 March, up 18% and ahead of consensus at between $610m and $617m. Earnings are also expected to be 'ahead of the consensus range'.
Bunzl (BNZL) announces acquisitions in the US and Italy which nudges the share price up by 27p to £23.28. The distribution and outsourcing firm has acquired ML Kishigo based in California which supplies safety related workwear to distributers and had revenues of $37m last year. The Italian acquisition, Neri, is a similar to ML Kishigo with €47m of revenues for 2016.
Topps Tiles (TPT) releases a trading update revealing that is revenues are down almost 2% for the first half of the year pushing the share price down by 3.3% to 94p. The firm says lower sales growth over the first half will primarily be offset by reduced operating expenditure.
Utilitywise (UTW:AIM), the energy consultancy, releases respectable if not outstanding half year results and sees it share price drop by almost 4% to 151.25p. Despite this, analyst Liberium recommends to 'buy' the stock as 'new management have set out a plan to substantially grow the business, with a multi-channel strategy, and increasing high margin, recurring revenues'.
ASOS (ASC:AIM) posts half year results showing large increases in profits and revenues, up 36% and 37% respectively but it seems the market was expecting more from the online retailer. Its share price is down 287p to £56.90.
Digital marketing firm, Next Fifteen Communications (NFC:AIM) sees its share price drop by 2.5% to 389.75 after releasing full year results showing revenue and pre-tax profit up 32% and 50% respectively but also sees its net debt almost double.
