- The FTSE 100 lost some ground heading towards midday after downbeat UK production figures from the Office for National Statistics and amid ongoing global tensions over Syria. Around lunchtime the index was down 0.2% to 7,249.77.


Tesco (TSCO) rallied 5.2% to 221.3p after the supermarket giant reported a large jump in annual profit and upped its dividend as its recovery got into full swing. Rival grocery chain Sainsbury's (SBRY) gained 0.7%, while Morrison's (MRW) added 1.2%.

High-flying online retailer ASOS (ASC) lost some of its luster, falling 11% after profit and revenue growth missed expectations and the company forecast higher spending.

Property developer Hammerson (HMSO) fell 1.3% to 518p after it rejected a revised takeover bid from Klepierre, claiming that it 'very significantly' undervalued the company.

Retirement home developer McCarthy & Stone (MCS) shed 3.5% to 132.2p Its first-half profit halved amid 'subdued' market conditions.

Recruitment firm Page Group (PAGE) dropped 2.1% to 539p, as investors looked past growth in first-quarter earnings and focused on a decline in profit at its UK division.

Auto retailer BCA Marketplace (BCA) rallied 9% to 178.1p after announcing that trading was ahead of market expectations.


Bathroom products supplier Norcros (NXR), meanwhile, said its annual revenue was expected to grow by around 10.7% following its acquisition of Merlyn. Its shares, however, declined 0.9% to 184p after it revealed 50 more job cuts at its troublesome tiles division.

EasyHotel (EZH) posted a strong update revealing expansion plans which helped drive the shares 4.5% higher to 116p.

Cyber security group Intercede (IGP) fell 3.7% to 26p, erasing earlier gains, after it said it had appointed Klaas van der Leest as its new chief executive.

Point-of-sale technology provider Universe Group (UNG) lost 4.5% to 5.25p as profit slid following contract delays.

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