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FTSE shrugs off global economic anxieties to end higher

Investors appeared to shrug off concerns over the global economic slowdown and volatile oil prices as the FTSE 100 ended the day higher, despite dipping its toe into the red in early trading. Bargain hunting appeared to be the theme of the day, as traders headed to the 'reduced-to-clear' shelf in an attempt to sniff out value plays in a jittery marketplace.

Bellway enjoys growth

Bellway saw further volume growth in the six months to the end of January, with an 11.6% rise in the number of housing completions to 4,188 (2015 3,754).

Hornby warns

Hornby expects to report a substantially wider trading loss than previously forecast in the current financial year and may breach a covenant of its banking facility.

Oil & Gas Roudup

Tullow Oil (TLW) has narrowed its FY pretax loss from continuing activities to USD1.3bn, from a loss of USD2.0bn. Sales revenue totalled USD1.6bn, from USD2.2bn. It recommended that no dividend be paid.

Mining Roundup

Caledonia Mining (CMCL) has announced that it has entered into a 6 month "cap and collar" hedge over 15,000 ounces of production using a "collar" value of USD1,050 per ounce and a cap value of USD1,080 per ounce.