- FTSE indices closed down, following Europe's lead and as Wall St opened lower after a string of retail and inflation data. Rolls-Royce (RR.) and G4S (GFS) were the biggest blue-chip fallers, with overall cue given by supermarkets, pharmas, utilities and property.

FTSE 100 ended down 60.4 points, or 0.98%, to 6118.28. FTSE 250 was down 93.87, or 0.56%, to 16,775.6. Both were at levels last seen in October. At 4.42pm, gold and copper were at USD1082/oz and USD216/lb. WTI crude was down 2.6%, and Brent was 0.8% lower.

Rolls-Royce (RR.), off 4.29% to 513.5p, continued to feel the pinch of yesterday's update, and G4S (GFS) shed 3.64% to 227.6p on bleak analyst commentary. Supermarkets were led lower by Tesco (TSCO), down 2.74% to 167p, and house builders faltered after Taylor Wimpey (TW.), off 2.36% to 173.8p.

Also fading were a string of pharmas in the wake of Shire (SHP), off 1.74% to 4487.5p. Insurers and utilities ebbed, but were off the overall pace, as were a palette of oil majors and high-street retailers. Overall, about 85 blue chips were lower, and roughly 50 of these depreciated by 1% or more.

To the limited upside, miners were in focus in the wake of Anglo American (AAL), rising 1.4% to 456.2p. BHP Billiton (BLT), up 0.7% to 883.4p, confirmed nine deaths in the incident at the Samarco iron-ore operation, Brazil. Nineteen people remain missing, and 637 people have been evacuated.


Oilex (OEX) soared 75% to 0.7p as its trading halt on ASX ended. It has received Zeta Resource's formal proceedings and was considering this with external legal counsel. Alpha Pyrenees Trust fell 85% to 0.15p as it reported an adjusted NAV of 0.0p at Sept 30, from 2.4p at June 30 and 6p at Dec. 31, 2014.

DX (DX.) dumped 72.94% to 23p on stating it expected profits would be significantly below current market forecasts. While the company continues to make satisfactory progress towards its long term goals under the OneDX programme, H1 trading patterns have deteriorated.

Reach4entertainment (R4E) fell 47.78% to 1.18p on proposing a placing to raise GBP4m at 1p a share. It is also seeking to refinance a GBP14.8m bank facility, and undertake a capital reorganisation.

Japan Residential (JRIC) leaped 32.96% to 72.63p after accepting a GBP152.6m takeover from a fund controlled by private equity group Blackstone. The offer is at a premium 72p a share. DCD Media (DCD) fell 29.66% to 255p as ITV (ITV) opted not to renew its comedy game show Celebrity Squares, denting DCD's performance in 2016.


Stateside, advance estimates of retail and food services sales for October were USD447.3bn, up 0.1% from September and up 1.7% on the year, US Census Bureau said. Core retail sales rose 0.2% after an upwardly revised 0.1% gain in September. Meantime, US Bureau of Labor Statistics reported a 0.4% decrease in the Producer Price Index in October.

US inflation expectations rose to 93.1 in November, from 90 in October, University of Michigan data showed. The expected change in inflation rates fell to 2.5 for November, from 2.7 in October.

US Census Bureau data highlighted that its manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,817.5bn up 0.3% from August 2015 and up 2.5% from September 2014.

Back in Europe, UK construction output fell 0.2% in September, following a 3.4% tumble in August. The print was below expectations for a rise of 1.5%.

Eurozone gross domestic product (GDP) growth slowed to to a lower than expected 0.3% in Q3, from 0.4% in Q2. France's preliminary Q3 GDP rose 0.3%, in line with forecasts from 0.0% in Q2. Germany's preliminary Q3 GDP printed at 0.3%, also in line but below Q2's rise of 0.4%.


Akers Bioscience (AKR) cheapened 23.5% to 140p on losses expected to increase in 2015 unless it sells substantial volumes of its Heparin tests in Q4. Caza (CAZA) lost 25% to 0.3p after reporting Q3 adjusted EBITDA down 44% to USD2.5m, from USD4.5m.

NU-Oil and Gas (NUOG), down 28.57% to 0.38p, has raised GBP0.44m at 0.35p a share. Net proceeds would be used primarily to implement NUOG's stranded and marginal field strategy and to facilitate the acquisition of projects.

Rurelec (RUR), down 20.45% to 0.88p, has proposed a discounted open offer of up to 353.5m shares at 1p each to raise up to GBP3.54m gross. North River Resources (NRRP) dived 21.05% to 0.08p after more delays to getting the mining licence and starting construction at its Namib lead/zinc project in Namibia.

Stanley Gibbons (SGI), down 9.63% to 98.5p, has posted an H1 pretax profit of GBP0.4m, from a year-ago GBP3.7m. No interim dividend would be paid. Sales totalled GBP27.0m, from GBP27.1m, but like-for-like sales, excluding the Mallett acquisition, were GBP21.6m, or down 21%.

Kennedy Ventures (KENV) rose 15.79% to 8.25p as investors continue waking up to the cash generation potential of the business. Minco (MIO), up 6.9% to 0.78p, has been granted three new Prospecting Licences in Ireland. The new licences are PLs 1228, 1229 and 3981.

Enteq Upstream (NTQ), down 13.33% to 13p, has narrowed its H1 pretax loss to USD1.3m, from a loss of USD2.2m. Revenue was USD3.0m, from USD13.6m. In issuing these results it cited the oil industry's downturn.

Other stocks in the news included Rotork (ROR), Castings (CGS), MTI Wireless Edge (MWE), Auto Trader (AUTO), Nighthawk Energy (HAWK), Renewable Energy Generation (WIND), Interserve (IRV), Savannah Resources (SAV), Interserve (IRV), Empiric Student Property (ESP) and Galliford Try (GFRD).

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