Western Mail - - SHARES - Reach Serco Fast­jet In­ter­na­tional An­glo Amer­i­can Roll­sRoyce Hold­ings BAE Sys­tems Car­ni­val British Amer­i­can To­bacco Whit­bread Cen­trica BAE Sys­tems Mi­cro Fo­cus

THE pound spiked against the US dol­lar as in­vestors cheered an up­ward re­vi­sion to UK growth in the first quar­ter.

Ster­ling was up nearly 1% against the green­back to trade at 1.320, hav­ing dropped to a seven-month low a day ear­lier as in­vestors wor­ried about Brexit ne­go­ti­a­tion de­lays.

A fi­nal read­ing from the Of­fice for Na­tional Sta­tis­tics (ONS) on Fri­day showed GDP grew 0.2% be­tween Jan­uary and March, top­ping pre­vi­ous es­ti­mates of 0.1%.

That was thanks to an up­ward re­vi­sion in con­struc­tion out­put, which mainly re­flected im­prove­ments to the way the sec­tor’s work is mea­sured by the ONS.

The FTSE 100 ended the day up 0.28% or 21.3 points at 7,636.93 points, while the French CAC 40 and Ger­man DAX closed higher by 0.9% and 1%, re­spec­tively.

In UK stocks, con­tin­ued to rise on news that the British de­fence gi­ant won a £20bn con­tract to build a new fleet of Aus­tralian war­ships un­der a 30-year con­tract. BAE Sys­tems shares were up 14.8p at 646.8p.

– for­merly known as Trin­ity Mir­ror – rose 0.5p to 76.5p as the Daily Mir­ror pub­lisher said in a trad­ing up­date for the 26 weeks to July 1 that to­tal group rev­enue is ex­pected to grow by 11%.

That rise re­flects the ac­qui­si­tion of North­ern & Shell, the com­pany be­hind the Daily Ex­press and Daily Star.

slumped 1.95p to 98.95p af­ter re­port­ing that first-half sales slumped 10.6% and warn­ing that prof­its would be knocked when it adopts health­care con­tracts from Car­il­lion.

Serco’s un­der­ly­ing trad­ing profit will be be­tween £35m and £40m, the com­pany said, com­pared with £34m in the pre­vi­ous year.

surged 5.38p to 8.265p af­ter the strug­gling bud­get air­line out­lined plans to se­cure emer­gency fund­ing of up to US$12m (£9.1m), hav­ing ear­lier this week warned that it was at risk of go­ing bust.

On Fri­day, Fast­Jet said it will com­mence a share sale to raise US$7m (£5.4m), while its big­gest share­holder, So­lenta Avi­a­tion, will pump US$3m (£2.3m) into the group.

The big­gest ris­ers on the FTSE 100 were up 49.5p at

up 1,323.5p, 58.8p at 1,694.8p, up 28.6p at up 988.2p, and

14.8p at 646.8p.

The big­gest fall­ers on the FTSE 100 were down 68p at 4,347p, down

47p at 3,830p, down 36p at 3,959p, and

down 1.4p to 157.65p.

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