- Weakness in the mining sector weighed on the FTSE 100, which was struggling to gain positive momentum at 7,507.

Rio Tinto (RIO), Anglo American (AAL) and Glencore (GLEN) dipped by up to 1.5% each.

Brent crude oil slipped 0.6% to $55.28 per barrel. Gold glittered at $1,279 per ounce and copper was stable at $3.01 per pound.


Wound care specialist Smith & Nephew (SN.) announced that chief executive Olivier Bohuon will retire by the end of 2018 after seven years at the helm. Shares at the firm nudged 1.2% lower to £13.75 as the company commenced the search for his successor.

Gold miner Centamin (CEY) hit record total production from its Sukari gold mine in Egypt for the quarter to the end of September, although the shares only gained 1.9% to 148.2p.

Investors were reassured by insurer Lancashire's (LRE) projected claims from hurricanes Harvey, Irma and Maria, as well as two earthquakes in Mexico. According to management, net losses from the events were anticipated at $106m and $212m, helping the stock advance 1% to 669p.


Newspaper publisher Trinity Mirror (TNI) was resilient at 83.7p despite a steep decline in third-quarter sales. On a like-for-like basis, revenue fell by 8% in the third quarter, but this was better than a 9% fall in the first half.

On AIM, Jersey Oil & Gas (JOG) catapulted 329% to 240.3p following its partner Statoil's announcement of a sidetrack well on the Verbier prospect in the North Sea could have 130 million barrels of oil. The company had earlier lost 80% of its value after a previous well on Verbier proved unsuccessful.

Power component supplier XP Power (XPP) upgraded its full-year guidance thanks to a 34% rise in revenue for the first nine months of 2017, pushing the stock 7.6% higher to £30.88.

Market research firm YouGov (YOU) ticked 2.5% higher to 300p on a 43% rise in full year profit amid buoyant demand for its market research services.

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