- Financial stocks were weaker ahead of a raft of results from the sector this week, kicking off with Lloyds (LLOY) on Wednesday.

Royal Bank of Scotland (RBS) fell 1% to 279.5p, while HSBC (HSBA) and Standard Chartered (STAN) nudged 0.7% and 0.6% lower to 743.3p and 767.7p, respectively.

The sector performance failed to take the shine off the FTSE 100, which was broadly unmoved at 7,524 thanks to strong mining stocks.

Fresnillo (FRES) and Anglo American (AAL) were among the winners, up 1.3% and 0.8% respectively.

Japan was the centre of attention as Shinzo Abe won the latest general election, supporting sentiment in the country as the Nikkei 225 closed 1.1% higher at 21,696 this morning.

Arqiva announced it would float on London's Main Market. Media reports suggested it would be valued in the region of £4.5bn, making it big enough to enter the FTSE 100. The business specialises in TV and radio broadcast infrastructure and hinted at generous dividends.

Brent crude oil slipped 0.6% to $57.40 per barrel. Gold was down 0.4% at $1,271 per ounce while copper climbed 0.5% to $3.17 per pound.


In the US, toymaker Hasbro fell 9.2% on news that the new bankruptcy of Toys R Us might hit holiday sales.


Engineering business GKN (GKN) jumped 4.8% to 318.1p after an article in The Sunday Times said the company was looking to split into two businesses. GKN didn't comment.

Private hospital operator Spire Healthcare (SPI) rejected a takeover bid from 29.9% shareholder Mediclinic (MDC) saying the proposal significantly undervalued the firm. Shares in Spire rallied 11.4% to 291p on the news.

Medtech business Smith & Nephew (SN.) entered an agreement to acquire tissue regeneration technology develop Rotation Medical for at least $125m.

Both HSBC and Deutsche Bank lowered their price targets for Barclays (BARC), but the high street bank's shares only dipped 0.4% to 194.8p in response.

Waste management group Renewi (RWI) was up 5.3% to 103.8p after saying full year results would be much higher than the board's previous expectations.

Packaging products provider Essentra (ESNT) revealed like-for-like sales growth for the first time since the end of 2015, helping the stock advance 2.1% to 513p.


It was a bad start to the week for car seller Pendragon (PDG), down 18.1% to 23.7p, following a profit warning amid declining in demand for new cars and lower prices for used cars.

The firm said full year pre-tax profit was expected to hit £60m instead of £75m previously forecast by analysts. Chairman Mel Egglenton also resigned for personal reasons and has been replaced by Chris Chambers.

Real Good Food (RGD) was the biggest small cap faller after reducing its anticipated full year earnings estimates, which was affected by higher costs, production disruptions, wastage and pressure on margins. The stock dropped 11.5% to 23p.

Dialight (DIA) struggled due to a slower than expected production ramp up, prompting broker Investec to cut its valuation for the LED specialist by 12% to 965p. The market was disappointed with the update as the shares plummeted 15.3% to 690p.

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