StockMarketWire.com - UK stocks opened lower on Wednesday, following Asian markets into the red, after President Trump expressed his displeasure trade talks progress between the US and China.

At 0859, the benchmark FTSE 100 index was down 46.43 points, or 0.6%, at 7.831.02.

Marks & Spencer rose 2.4%, despite the embattled retailer booking a 62% fall in annual profit owing to restructure charges associated with store closures. Underlying profit fell by a more modest 5.3%.

Fizzy drinks maker Britvic added 6.1% as adjusted profit, revenue and margins all improved.

Restaurant Group, which owns the Frankie & Benny's and Garfunkel's chains, gained 4.9%, as investors looked past a weather-related revenue slump and focused on a slowing sales decline in the second quarter of the year.

IT infrastructure product provider Softcat rallied 8.9% after it said in a brief statement that it expected to deliver results ahead of expectations amid 'strong' market conditions and customer demand.

Mining giant Rio Tinto fell 2.0% after confirming reports that it was mulling a sale of its stake in a large Indonesian copper and gold mine.

Defence contractor Babcock International rose 3.2% as profit increased on the back of a record revenue performance.

ZPG said its first-half profit rose by a third as it attracted more agents and visitors to its property sites, including Zoopla. Its shares added 0.2%.

Broking house IG Group climbed 1.1% after forecasting a bump in annual trading revenue.

Wealth manager St. James's Place said chairman Sarah Bates had decided to retire and would be replaced 'in due course' by current director Iain Cornish. The shares gained 0.2%.

Plastic piping and ventilation system manufacturer Polypipe Group shed 2.2% after it reported that revenue in the first four months of the financial year had slipped 0.9% due to adverse weather. Story provided by StockMarketWire.com