StockMarketWire.com - UK stocks are falling on Thursday amid political uncertainty and as several stocks are trading ex-dividend, offsetting the impact of overnight gains on the Asian markets.

At 08:58, the benchmark FTSE 100 was 0.40%, or 29.21 points, lower at 7,282.05.

Hiscox edged 0.64% higher to 1,564p after it said it had appointed Joanne Musselle as its new chief underwriting officer.

London-based Melrose Industries added 5.96% to 196.55p after it said it was trading 'in line' with expectations for 2019 and as it reported an increase in half-year revenue and reduced its losses year on year.

Animal genetics company Genus climbed 0.51% to 2,754p after it said annual profit rose by more than a quarter despite the challenging environment in China caused by the rapid spread of African Swine Fever.

Transport company Go-Ahead slipped 0.37% to 2,140p after it said annual profit plunged by a third despite 'slightly' better-than-expected results in its bus and rail division.

Housebuilder Redrow added 0.78% to 570.42p as it saw a 10% increase in annual revenue to 'record' levels on the back of an increase in completed new homes. It also said it was confident about its 2020 prospects even as it remained cautious about the post-Brexit future.

Specialist media platform Future jumped 8.23% to 1,290.14p after it said full-year core earnings were now expected to be 'materially ahead' of expectations following stronger-than-expected growth in core operations in the final quarter for the year.

Dixons Carphone grew 5.17% to 115.05p even after it reported flat like-for-like sales in its fiscal first quarter as falling mobile market revenues kept a lid on growth.

Filtration and environmental technologies group Porvair increased 4.73% to 592.75p after it said it had acquired 100% of Dutch industrial filtration business Royal Dahlman for a cash consideration of €7.75m.

Fast-fashion retailer Boohoo surged 13.81% to 276.90p after it lifted its outlook on sales following better-than-expected performance in the first half of the year.

William Hill shed 1.33% to 177.60p after it announced that current CEO and company director Philip Bowcock would step down with effect from 30th September and be replaced by digital expert Ulrik Bengtsson.

Ultra Electronics climbed 1.15% to 2,278p after it announced that current group finance director and board member Ami Sharma would step down with effect from 1st December 2019 and be replaced by Jos Sclater, current CFO of Castrol Lubricants.

International hospitality real estate company PPHE Hotel Group fell 1.15% to 1,720p even as it saw half-year revenue and earnings increase on the back of 'solid' operating performance from its UK hotel portfolio and said it still expected full-year performance to be in line with expectations.

ClearStar rose 2.62% to 66.70p after said it had achieved information security standard accreditation certifying that the company's information security, cybersecurity and privacy protection systems and policies complied with international standards of best practice.

Ceres Power grew 2.82% to 190.74p as it said it had developed a first prototype range extender for Chinese electric buses with Weichai Power.

Closed-end investment company Tritax EuroBox slipped 0.28% to 93.34p after it said it had completed a lease re-gear at its Bornem logistics facility in Belgium to Alcon-Couvreur, a global leading eye care company.

Personalised products marketplace Altitude slumped 34.38% to 60.70p as it said it expected revenue to rise 42% in the first half of the year, though warned that revenues in the second half of the year would track below expectations.

Automotive retailer Vertu Motors gained 1.93% to 34.86p after it said it had seen a continuation of the market trends it set out in its July update, including increasing price stability in the general used vehicle market since that time.



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