- A negative broker note on utility firm United Utilities (UU.) sparked a 4.2% decline to 799p.

Investors had a negative read across to other stocks with Severn Trent (SVT) and SSE (SSE) taking a 1.9% and 1.2% hit, respectively.

HSBC downgraded United Utilities from a 'buy' to a 'hold'.

The FTSE 100 was flat at 7,398 as the dollar's fall against the pound limited gains.

Brent crude oil rallied 1.1% to $62 per barrel.


Better than anticipated sales at Walmart helped boost Wall Street overnight after the stock soared 10.9%.

The S&P 500 closed 0.8% higher at 2,585. However after the market close developments in the probe of Russian links to the Trump administration but the dollar under pressure.


Broadcaster Sky (SKY) sparked 2.7% to 927.5p on media reports which said Comcast and Verizon were interested in acquiring parts of 21st Century Fox, which owns 39% of Sky and is currently to buy the remainder.

Construction business Kier (KIE) remained on course to deliver double digit growth in the current year, although the stock was static at £10.19.

Iron ore miner Ferrexpo (FXPO) announced it had a new revolving credit facility of $195m involving six international banks. The facility would be used for general corporate purposes.


Carillion (CLLN) warned on profits and reported a breach of its debt covenants would force the construction group to take urgent action to repair its balance sheet. Over a third of Carillion's value was wiped off, leaving the share price at 26.9p.

Engineering firm T Clarke (CTO) revealed in line full year results, with underlying pre-tax profit anticipated to hit £6.5m.

Currency manager Record (REC) was down 0.8% at 47p despite a 6% jump in pre-tax profit in the six months to 30 September.

Elsewhere on AIM, Parkmead (PMG) moved from a £4.6m loss into a £1.2m profit in the year to 30 June. Investors were pleased with the oil and gas firm's latest results with the stock marked 3.5% higher at 36.7p.

Gold miner Galantas Gold (GAL) racked up further losses, from $257,214 a year ago to $452,756 in the third quarter to 30 September. In response, its shares slumped 5.6% to 4.6p.

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