- A rise in banking stocks failed to lift to overall the market with the FTSE 100 down 0.5% to 6,785.

West Texas Intermediate (WTI) crude oil slumped 3% to $44.97 and Brent crude oil was 2.5% lower at $47.17 per barrel, respectively.

Gold cheapened to $1,309 per ounce, while copper advanced 0.2% to $4,563 per tonne.

Barclays (BARC), HSBC (HSBA) and Royal Bank of Scotland (RBS) were all in positive territory.

House prices rose by 0.6% in August, pushing average prices up to £206,145, while the GfK Consumer Confidence Index showed improved confidence from -12 in July to -7.

A rally in housing stocks was short lived with only Berkeley (BKG) closing the day with decent gains, up 3.2% to £26.78.

US pending home sales were up in most of the country in July, according to the National Association of Realtors.

The Chicago Institute for Supple Management's purchasing managers' index declined to 51.1, a bigger fall than expected.


Builders' merchant Grafton (GFTU) concerned investors as its net debt nearly doubled in the six months to 30 June, year-on-year, and UK operations struggled. Shares were down 9.9% to 547.5p as half year results came in below expectations.


Mobile advertising platform Taptica (TAP) nearly doubled gross profit to $17.8 million and declared a special dividend, causing shares to shoot up 19.1%.

Carclo (CAR) dropped 17.2% to 130p after warning that lower UK corporate bond yields could result in a significant increase in its pension deficit, preventing it from paying a dividend declared in June.

New Trend Lifestyle (NTLG) plummeted 37.1% after raising £300,000 through a share placing priced at more than half of yesterday's closing price.

Gulf Keystone Petroleum (GKP) fell by 22.5% following an open offer to raise $25 million, which will allow investors to buy new shares at a considerable discount.

Gulf Marine Services (GMS) rose 7% as profits rose by a fifth to $41.9 million. Despite tough conditions in the oil, gas and renewable energy sectors, it maintained full-year EBITDA guidance of $100-$110 million.

Investors checked out of hotel business PPHE (PPH) following weaker trading in the UK and flat like-for-like sales, sending shares down 7.4% to 747.5p. Stockbroker FinnCap downgraded its earnings forecasts to reflect a more cautious view.

Copper miner Weatherly International (WTI) declined 7.1% after an earlier rally as investors turned sour on a deal to delay a loan repayment with financier Orion.

Gym Group (GYM) lost some of its gains from yesterday's 13% rally after rubbishing press reports that it would buy 70 gyms from Fitness First.

Ceramics maker Churchill China (CHH) was in positive territory after pre-tax profit surged by nearly a third and the dividend was lifted by 12.5% to 6.3p per share.

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