- The FTSE 100 was weak in afternoon trading as US investors had their first opportunity to react to the renewed tensions in the Korean peninsula over the weekend.

North Korea's test of a hydrogen bomb saw the S&P 500 drop 0.5% early on, and the FTSE 100 ultimately closed down a similar amount below the 7,400 mark.

Shares in engineering software provider AVEVA (AVV) continued to surge following its announced merger with Schneider Electric's industrial software business.

The stock charged 26.6% higher to £24.31.

AVEVA said the mega merger would result in combined revenue and adjusted earnings before interest, tax and amortisation of approximately £657.5m and £145.8m, respectively.


Overnight in Asia, investor sentiment was subdued with Japan's Nikkei 225 suffering a 0.6% drop to 19,385 this morning as North Korean tensions weighed on the market.


Bike seller Halfords (HFD) defied the gloomy performance of the retail industry after posting a 2.7% jump in like-for-like revenues in the 20 weeks to 18 August, sparking a 2.6% rise to 323.7p.

Housebuilder Redrow (RDW) excited the market on expectations that revenue and profit will continue to rise into 2020 thanks to stronger results, triggering a 3.9% jump in the stock to 644p.

Packaging firm DS Smith (SMDS) slipped 0.9% to 491.1p despite an 'encouraging start' to the year since 1 May 2017. The company reported strong demand for its enhanced packaging solutions with the rate of like-for-like volume growth well ahead of the same period last year.

Media reports suggested that broadband provider TalkTalk (TALK) is considering an exit from its mobile operations, although this did little to advance the shares at 203p.

Ryanair (RYA) kept the good news in the airline sector coming after Wizz Air's (WIZZ) strong passenger growth on Monday. The budget airline said traffic grew by 10% to 12.7 million customers in August, while load factor advanced 1% to 97%. Investors marked the stock 1% higher to €18.19.

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