StockMarketWire.com - Gold miners and pharmaceutical stocks were among the top risers in the FTSE 100, while broadcasters and banks dragged as the pound weakened in the run up to the EU referendum.

The FTSE 100 declined 0.7% to 6,071.15 and the FTSE 250 slumped 1.3% to 16,600.29.

Randgold Resources (RRS) climbed 1% to 6,695p and GlaxoSmithKline (GSK) rose 0.3% to 1,417.3p.

Lloyds (LLOY) declined 2.6% to 65.2p, while Sky (SKY) retreated 2.7% to 900.3p and BT (BT.A) fell 1.6% to 415.5p.

West Texas Intermediate (WTI) crude oil fell 1.2% to $48.47 and Brent crude oil retreated 1% to $50.03 per barrel, respectively.

Gold rose 0.8% to $1,284.3 per ounce and copper remained static at $4,475.45 per tonne.

MAIN NEWS OF THE DAY

Telecommunications company Inmarsat (ISAT) rose 3% to 725p after signing an agreement with SpeedCast International, which plans to roll out Inmarsat's Fleet Xpress service to 2,000 vessels.

Digital wellness company Fitbug (FITB) said its pre-tax loss widened significantly mainly as a result of an unsustainable strategy and investment to transform the business, triggering a fall of 18.5% to 0.5p.

Negative data from China, including lower retail spending, contributed to uncertainty overseas.

UK footfall in May increased by 0.3% compared to a year ago, according to the British Retail Consortium, which was significantly above the three-month average rate of -1.7%.

MID CAP RISERS AND FALLERS

Security firm G4S (GFS) dropped 6% to 176.1p after the company confirmed Omar Mateen was an employee. Mateen killed 50 people in a gay club in Orlando on Sunday, which was the deadliest mass shooting in recent US history.

SMALL CAP RISERS AND FALLERS

Consultancy firm Triad (TRD) announced its pre-tax profit more than doubled after increasing revenue for the year to 31 March, resulting in a rise of 25.8% to 31.7p.

Leak detection solutions provider Water Intelligence (WATR) reported higher revenue and income from franchise royalties and will consider a dividend payment at the end of the year. The market liked the news, marking the shares 16.9% higher to 69p.

Poundland (PLND) retreated 5.7% to 160p ahead of its full year results on 16 June, which is expected to reveal continuing weak sales.

LED light manufacturer PhotonStar (PSL) renewed a one-year exclusive supply agreement with a 'major UK housebuilder' to supply LED lighting fixtures for their new homes, but this didn't prevent its shares falling 4.7% to 2.5p.

Pharmaceutical group Futura Medica (FUM) signed an agreement for its erection-maintaining condom to be sold in India, boosting shares 9.9% to 19.7p.

Trinity Exploration & Production (TRIN) agreed to delay principal repayments relating to outstanding debts of $13m until 17 June, causing a drop of 12.4% to 2.3p.


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