StockMarketWire.com - Weak Chinese economic data and a key Brexit vote later today put the FTSE 100 on the back foot, down 0.7% at 7,606 around midday.

Miners and utility companies were among the biggest fallers with Evraz losing 1% to 516.6p and United Utilities declining 2.2% to 718p.

Brent crude oil dropped 1.8% to $74 per barrel. Copper cheapened 0.7% to $2.75 per pound and gold gained 0.3% to $1,243 per ounce.

MID AND LARGE CAP RISERS AND FALLERS

Drug addiction specialist Indivior rallied 25.3% to 364.8p after a US court approved a preliminary injection against rival Dr Reddy's Laboratories, preventing the sale of a generic version of Indivior's drug.

John Laing Infrastructure Fund confirmed it is pondering a possible 142.5p per share offer from a consortium supported by Dalmore Capital and Equitix Investment Management. The news triggered a 18.6% rise in the shares to 140.2p.

Aerospace company Meggitt sealed a $21m five-year contract from the Defence Logistics Agency to supply fuel cell equipment until 2022, but this failed to move the stock at 559.2p.

Transport operator Go-Ahead reversed 7.6% to £14.12 following HSBC's decision to cut its recommendation on the stock from 'buy' to 'hold.'

SMALL CAP RISERS AND FALLERS

Embattled department store Debenhams retreated 1.4% to 14.5p following a media report over credit insurance terms being tightened for its suppliers.

Plant Health Care plummeted 26% to 16.5p after it failed to demonstrate significant disease reduction with its tech platform Innatus 3G.

Cake manufacturer Finsbury Food reported like-for-like sales rose 2.4% in the year to 30 June amid a challenging UK economic backdrop. The stock dipped 1.4% to 113.3p.

Language translation tech provider SDL added 4.8% to 465p after agreeing to acquire Donnelley Language Solutions for £60.1m, which will be funded via debt and a fundraising.


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