- London stocks opened lower as a mixed bag of sectors dragged both the blue chip and mid cap indices down. This followed a lower Wall St overnight, and a mixed Asia.

Soon after the open, FTSE 100 was down 18.9 points, or 0.28%, to 6839.8. FTSE 250 was lower 93.56, or 0.51%, to 18,099.6.

At 8.30am, WTI crude was down 1.05% to $47.12/bbl and Brent was down 1.1% to $49.44/bbl. Gold was 0.13% lower at $1339.9/oz.

Burberry (BRBY) was down 2.68% to 1250.5p, while Ashtead (AHT) was 2.29% lower at 1260.5p and Bunzl (BNZL) faded 2.16% to 2313p.

Some pharmas were in focus after Hikma (HIK), off 1.74% to 2111.5p, while several insurers traced Old Mutual (OML), lower 1.18% to 196.55p.

Consumer goods, some commercial property, leisure and tobacco stocks faltered. About 36 blue chips made gains, however.

Banks led to the blue-chip upside, with Barclays (BARC) adding 1.1% to 175.1p and chased by HSBC (HSBA) and Royal Bank of Scotland (RBS).

A number of house builders followed Barratt Developments (BDEV), up 0.86% to 500.25p.

Mediclinic (MDC), up 0.98% to 955p, said revenue growth in its Abu Dhabi operations for the FY will be lower than previously expected, but that trading conditions are in line with management's expectations for Southern Africa, Switzerland and Dubai.


IPPLUS (IPP), up 36.07% to 20.75p, is to seek shareholder approval for the sale of IPPlus (UK) and CallScripter for £6.7 million to focus fully on PCI-PAL.

Hurricane Energy (HUR), up 29.59% to 31.75p, has completed the testing and logging phase of the 205/21a-7 well. It would permanently abandon the pilot well reservoir section prior to side-tracking the top-hole to form the 7Z horizontal sidetrack.

Botswana Diamonds (BOD), down 22.78% to 1.53p, said its 50:50 joint venture with Alrosa, the world's leading diamond producer, will start next stage exploration at the end of September in the Orapa and Gope areas of Botswana.


Minoan (MIN), down 13.04% to 7.5p, said its travel business has been negatively affected by the outcome of the UK's non-binding Brexit vote to quit the EU, weakness in sterling and the decline of tourism in Turkey. Its FY profit would not meet market views, it said.

YOLO Leisure and Technology (YOLO), up 7.14% to 1.13p, said TVPlayer Ltd, in which it has an interest, has signed formal licensing multi-year content agreements with ITV, Channel 4 and Channel 5 to simulcast the broadcasters' free to air channels on TVPlayer.

Greene King (GNK), down 3.69% to 809p, is confident of delivering another year of strategic and financial progress. It was cautious on the impact of Brexit to leisure spend.

JD Wetherspoon (JDW), up 3.25% to 954p, has reported record sales, profit and earnings per share before exceptional items for the year to 24 July. Profit before tax and exceptional items rose 3.6% to £80.6m, from £77.8m.

Hornby (HRN), up 2.47% to 31.38p, said its current trading has been in line with expectations. "The planned business restructuring is on track and the Board remains focused on returning the group back to a position of sustainable profit and cash generation," it said.

Thalassa (THAL), down 2.5% to 39p, yesterday acquired 10.44m shares in The Local Shopping REIT (LSR) at a total cost of about £3.6m. As a result, it is now beneficially interested in 12.87m shares, or about 15.6% of LSR. Shares in LSR rose 11.08% to 31.38p.

Telit Communications (TCM), up 1.09% to 243.63p, has been provided with a preferred loan of €12.8m and awarded a grant of €3.6m by the Italian Ministry of Economic Development (MiSE) to further develop an innovative platform for the application of IOT technologies.

Other stocks in the news included Victoria (VCP), Randall & Quilter Investment Holding (RQIH), Comptoir (COM), Dechra Pharmaceuticals (DPH), Vela Technologies (VELA), CORETX (COR), Gameaccount Network (GAN) and Derwent London (DLN).

At 8:55am:

[LON:BOD] Botswana Diamonds PLC share price was -0.4p at 1.58p

[LON:HUR] Hurricane Energy Plc Ord 0.1p share price was +9.38p at 33.88p

[LON:IPP] IPPlus PLC share price was +5.75p at 21p

[LON:MDC] Mediclinic International Plc share price was +1.25p at 965.75p

[LON:UKX] share price was -13.95p at 6844.75p

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