StockMarketWire.com - Environment secretary Michael Gove's decision to remain in government for now helped provide some support to Theresa May and the draft Brexit deal, leading to a recovery in sterling.

This put the internationally-focused FTSE 100 on the back foot, down 0.4% to 7,012.78.

LARGE AND MID CAP RISERS AND FALLERS

Pharmaceutical giant AstraZeneca slumped 2.9% to £61.31 after a clinical trail found its Imfinzi treatment for small-cell lung cancer did not improve overall survival rates.

Imperial Brands, meanwhile, gained 1.6% to £26.44 after it confirmed it was adding child protection features to its vaping products, amid a US regulatory crackdown on underage use that included a ban on menthol cigarettes.

Construction company Kier added 4.1% to 859p after it sold an Australian asset for around £24m as part of a debt reduction drive and confirmed its annual earnings would be second-half weighted.

Environmental technology group Halma climbed 2.2% to £13.38 as it announced it had acquired radar surveillance outfit Navtech Radar for up to £39m.

SMALL CAP RISERS AND FALLERS

Telematics and other data provider Trakm8 Holdings plunged 66% to 22p as it swung to a first-half loss and downgraded its annual guidance, blaming a fall in overall contract revenue and trade sanctions against Iran.

Oil and gas producer Parkmead Group slipped 2.2% to 58.9p a deeper annual loss that owed to extra spending on exploration.


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