- FTSE indices nosedived as traders sweated political upheaval in Greece after PM Alexis Tspiras quit, paving the way for another election, placing a multi-billion euros agreed debt bailout in question. Financial stocks were hammered, oilies slipped with crude prices and pharmas paled.

At the close, FTSE 100 was down 161.46 points, or 2.54% to 6206.43. FTSE 250 lost 319.58, or 1.85%, to 16,919.8. At 4.39pm, WTI crude was down 2.47% and Brent fell 2.51%. Safe-haven gold was at $1158/oz. Wall St was heavily lower, as was Europe. Lower manufacturing data out of China last night only added to the bleak picture.

The mid cap was plumbing levels last seen in February, and the blue chip those last seen in December 2014. Shire (SHP) plummeted 4.85% to 4829p, with others following. GlaxoSmithKline (GSK) shed 2.68% to 1333.75p on agreeing to sell its multiple sclerosis and other auto-immune condition drug for up to $1bn.

Financials were ballast. Standard Chartered (STAN) tumbled 3.77% to 784.1p, with other banks trailing. Barclays (BARC) lost 2.87% to 257.55p as a US judged paved the way for class action relating to Libor manipulation. Insurers hit the skids behind Old Mutual (OML), off 3.63% to 197.55p, while investment specialists were piloted south by Schroders (SDR), off 3.54% to 2756p.

Oil outfits tapered with crude and behind BG Group (BG.), down 3.39% to 1003.75p. Property stocks, utilities, retail and supermarkets all queued up thereafter. Just three top-100 stocks made headway, Royal Mail (RMG) rose 1.52% to 477.85p. Shell (RDSA) fell 2.76% to 1690.5p as its unit Sarawak Shell transferred its 50% stake as operator of the MLNG Dua liquefied natural gas plant to Malaysian state oil firm Petroliam Nasional.


Marechale Capital (MAC) flew up 419.48% to 10p. Directors confirmed a meeting of Kettering Council's Planning Committee next Tuesday to consider the application made regarding Desborough Airfield, the proposed site of the Northfield UK Solar project.

CPPGroup (CPP) rallied 42.86% to 11.75p as it reports a strong H1 bounce into the black. The outfit booked after-tax profit from continuing operations of £17.1m, after last year's £1.9m deficit.

Infinity Energy (INFT), down 42.86% to 0.36p, noted the sharp rise in its shares yesterday and said it was not aware of any reason for that. Kodal Minerals (KOD) slumped 20% to 0.06p as it issued final results of drilling at the Grimeli project. Photonstar LED (PSL), up 21.21% to 5p has posted an H1 pretax loss of £0.602m, from a loss of £0.601m. Revenue was £3.3m, from £3.8m. It said it entered 2015 a much stronger business.

Rose Petroleum (ROSE), down 15.56% to 0.19p, said although its Mancos Formation properties in Utah benefit from a low breakeven price, exploration in the current environment has a high risk attached to it. They company considered it prudent to modify its drilling plans until commodity prices have rebounded.


Stateside, manufacturers indicated a renewed loss of momentum during August, with output, new business and payroll numbers all increasing at a slower rate than in the previous month. As a result, the seasonally-adjusted Markit 'flash' US Manufacturing Purchasing Managers’ Index dipped from 53.8 in July to 52.9 in August.

Euro zone's flash manufacturing purchasing managers' index (PMI) was flat at 52.4 in August, against estimates for 52.2. The single-currency bloc's flash services PMI printed at 54.3, from July's 54.0.

UK public-sector net borrowing was -£2.07bn last quarter, data from Office for National Statistics showed. This was against a forecast -£2.4bn and from £8.64bn in the preceding quarter.


Spire Healthcare (SPI) dived 14.72% to 342.50p on a lower than expected 7.8% rise in H1 revenue to £449.8m. A cautious H2 outlook was another blow. Westminster Group (WSG), down 11.69% to 17p, said a prop shaft on its flagship vessel in West Africa needs repair, which would probably take 15 days. Ferry operations were seen beginning September.

Wentworth Resources (WRL) added 12.72% to 34.38p as it delivered first gas from its Mnazi Bay project in Tanzania into a new transnational pipeline. TechFinancials (TECH) collapsed 25% to 21p as it reveals flat H1 revenues and said it would miss FY expectations.

LGO Energy (LGO), down 10.97% to 1.38p, said it, having taken legal advice, refutes in its entirety Trinity's claim that the company was in breach of a sale and purchase agreement relating to the Tabaquite Block signed in 2014.

Nostra Terra (NTOG), down 4.35% to 0.11p, has provided an operational and production update for the second quarter of 2015. Alba Mineral Resources (ALBA), down 4.44% to 0.43p, booked an H1 pretax loss of £232,594, up from £65,835. Revenues were nil in both periods.

Arria NLG (NLG), up 4.61% to 36.25p, confirmed a new proof of concept agreement (PoC) with the Innovation Group at a global consumer products company. The PoC provides for a pilot application using Arria NLG's technology to create a range of textual outputs relating to business intelligence metrics across their business lines.

Software Radio Technology (SRT), up 0.85% to 29.5p, has signed a contract to supply a national AIS Maritime Domain Management (MDM) system worth about $5.0m. San Leon Energy (CLE), down 1.91% to 53.25p, said the El Aaiun-4 well on the Tarfaya conventional licence, onshore Morocco, was spudded today.

Other stocks in the news included Tritax Big Box REIT (BBOX), Starcom (STAR), HellermannTyton (HTY), AEW UK REIT (AEWU), Photonstar LED (PSL) and 4D pharma (DDDD).

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