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UK stocks opened higher on Monday, in line with other European exchanges, as China moved to further stabilise its currency, cooling trade war fears.
At 0853, the benchmark FTSE 100 index was up 30.97 points, or 0.4%, at 7.284.82.
Power utility SSE rose 0.5% to 1,100.18p after confirming speculation that it was in talks to potentially sell its retail business to Bristol-based energy supplier Ovo.
Struggling travel company Thomas Cook slumped 19% to 7.8p after it announced that it was negotiating a further £150m capital injection with its debt holders.
The funding would come in addition to a previously-planned £750m recapitalisation announced last month involving China's Fosun that would significantly dilute existing shareholders.
Tullow Oil rallied 17% to 210.01p on announcing that it had discovered oil off the coast of Guyana, potentially at a quantity exceeding its expectations.
Advertising company M&C Saatchi sank 21% to 268p on revealing that it would take a £6.4m charge in its upcoming annual results due to accounting errors.
Litigation financing specialist Burford Capital, hammered last week by a critical research note by Muddy Waters, shed 4.6% to 811p, as it levelled an allegation of market manipulation in the trading of its shares.
Shipping services provider Clarkson added 0.2% to 2,530p after a strong performance in its broking division boosted half-yearly profits, despite severe seaborne trade disruptions weighing on the freight market.
Goals Soccer Centres confirmed media reports that suggested two former executives were part of a current investigations into fraudulent activity at the company. Its shares are suspended from trading.
Fishing tackle retailer Angling Direct fell 1.4% to 73p, even as it reported a 15% rise in first-half like-for-like sales.
Advertising company S4Capital gained 1.4% to 144.5p on announcing that it had acquired Dutch marketing group IMA, for an undisclosed sum, and would merge it with its Media Monks digital agency.
Payments company Mi-Pay tumbled 21% to 7.5p on warning that its annual earnings would fall short of current market expectations. In addition, the company also said that it could be about to lose a client that accounted for 13% of its revenue in 2018.
Software and services provider to the education market Tribal slumped 7.4% to 68.5p as it reported a cyber security breach at its operations in Australia.