- The FTSE 100 fell as weaker banking stocks overshadowed gains in the housebuilding sector.

One of the biggest banks in the blue-chip index, HSBC (HSBA), retreated 1% to 740.8p.

Royal Bank of Scotland (RBS) and Barclays (BARC) were also down 1.6% and 0.6% to 260.5p and 199.8p, respectively.

Overall, the FTSE ticked 0.3% lower to 7,408.

Brent crude oil was stable at $50.22 per barrel while gold glittered at $1,286 per ounce. Copper climbed 0.3% to $6,525 per tonne.


In the US, tensions between President Donald Trump and some of the biggest US companies limited gains in the markets, with the S&P 500 flat at 2,468 overnight.

Trump disbanded two business advisory councils after more CEOs resigned from the manufacturing council following criticism over how Trump dealt with violent clashes in Virginia last weekend.

The market was also cautious as the recent minutes from the Federal Reserve revealed that some policymakers were wary over recent inflation, which could delay interest rate hikes.


In UK corporate news, B&Q's disappointing performance dragged on owner Kingfisher's (KGF) performance. The home improvement retailer said B&Q's seasonal performance declined 11% and reported overall sales fell by 1.9%, prompting the share price to slump 6.2% to 289.9p.


Hikma Pharmaceuticals (HIK) tumbled 12.7% to £11.54 after it reduced guidance for its injectables and generics divisions. The pharma firm blamed increased pricing and volume competition in the US and lower than expected sales growth in MENA for the downbeat outlook.

Allied Minds (ALM) continued to have a difficult year as its loss widened from $52.2m to $58.2m in the first six months of the year. Earlier this year co-founder Chris Silva unexpectedly left the company, prompting concern from the market about how Allied Mind will perform in the future.

Investors were not willing to gamble with casino operator Rank Group (RNK) after like-for-like sales rose by 1% to £754m in the year to 30 June 2017 due to a challenging retail environment. The stock retreated 2.5% to 234.4p.

Landscape products group Marshalls (MSLH) fared better thanks to a 16% jump in pre-tax profit to £29.1m in the first half of the year, which drove the share price 3.8% higher to 412.8p.

In the mining sector, KAZ Minerals' (KAZ) revenues more than doubled to $837m in the first six months of 2017 on the back of higher volumes and commodity prices, but failed to spark the stock at 701.2p.


YOLO Leisure and Technology (YOLO) catapulted 78% to 0.8p after its investee company Electric Jukebox launch a family music entertainment system, ROXI, in the UK and US. The company said the 'addressable market' is 34 million.

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