FTSE 100 rises on higher gold prices, Sage results

The large-cap FTSE 100 gained 0.1% at 8:12 GMT, while the mid-cap index was up 0.2%.

Precious metal miners rose 0.5% as gold prices moved higher due to the weaker dollar and dip in US bond yields amid expectations that the Federal Reserve was done hiking interest rates.

Shares of Sage SGE.L jumped 6.1% after the software company reported an 18% rise in full year underlying operating profit.

Johnson Matthey raised its outlook for full year underlying operating performance, boosting the autocatalyst maker’s shares by 3.4% and spurring a 1.2% gain in the broader chemicals index.

Severn Trent dropped 1.2% after the water utility posted a fall in half-yearly profit, mainly hurt by higher energy and chemical prices.

(Reporting by Khushi Singh; Editing by Savio D’Souza)