StockMarketWire.com - Stronger sterling and weak German export figures weighed on the FTSE 100 on Monday as Theresa May announced plans to head to Paris and Berlin tomorrow as she looks to secure an orderly exit from the EU.

By midday the index had recovered some ground to trade broadly flat at 7,452.91, while US futures pointed to a lower open on Wall Street.

Shares in luxury car manufacturer Aston Martin Lagonda were down 4% as investment bank Deutsche Bank downgraded the shares.

LARGE AND MID CAP RISERS AND FALLERS

Debenhams pared earlier gains to trade down 1.2% after Sports Direct confirmed it had offered to underwrite a £150m equity raising by the struggling department store chain.

Sports Direct, which said the raising was an alternative to its takeover approach for Debehnhams, rose 0.14%.

Pharmaceutical company Indivior advanced 4.7% after it presented data from two new studies on the treatment of opioid abuse.

Student accommodation company Unite edged 0.5% higher as value of both of its key funds rose in the March quarter.

Energean Oil and Gas climbed 2.9% as it achieved first oil from a well in the Mediterranean Sea, which flowed at more than 1,000 barrels per day

SMALL CAP RISERS AND FALLERS

Impax Asset Management was flat as it said its second-quarter assets under management rose by 15% from the previous quarter following a 'strong' start to 2019.

London office and industry property investor McKay Securities fell 1.1% on announcing that it had signed a new secured £180m revolving credit facility with a maturity of five years, on better terms.

Equipment rental group Vp rose 1.6% after forecasting its annual results to be 'well ahead' of the prior year, and in line with market expectations.

Small cap diamond miner Firestone Diamonds gained 6.3% as it discovered a 72 carat yellow, makeable diamond from its Liqhobong Mine in Lesotho.

The 72 carat diamond was recovered over the past weekend, together with a 22 carat makeable white stone, followed by an 11 carat fancy light-pink stone, the company said.


Story provided by StockMarketWire.com