- Investors were spooked by US President Donald Trump's decision to cancel a summit with North Korea on alleged hostility in a recent statement.

The FTSE 100 fell 0.9% to 7,716 with utility companies and oil majors among the underperforming stocks.

US equities were also in the red with the Dow Jones taking the biggest hit, down 0.7% at 24,713 around 4:45pm UK time.

Brent crude oil retreated 0.7% to $79.21 per barrel.


B&Q owner Kingfisher (KGF) blamed harsh weather across Europe and weak UK consumer demand for a 4% fall in sales in its first quarter to 30 April. Shares in the company were broadly unmoved at 296.9p.

Product inspection specialist Intertek (ITRK) remained on track to deliver 2018 targets with a 4.4% rise in sales in the first four months of the year, pushing the stock 3.4% higher to £53.50.

Engineering tools distributor Electrocomponents (ECM) sparked 16.2% higher to 730p after operating profit rose 28.1% to £177.1m in the year to 31 March. It also revealed the acquisition of IESA for £88m.

Hungarian airline Wizz Air (WIZZ) was up 2.7% at £32.29 after forecasting net profit of between €310m and €340m in the year to 31 March 2019, representing a slight increase from €329m consensus.

Sugar producer Tate & Lyle (TATE) unveiled a 23% increase in pre-tax profits to £286m, helping to sweeten the shares 7.3% to 653.6p.

Telecoms firm TalkTalk (TALK) reported it is back to customer growth in the year to 31 March after a decline in the previous year and revealed it will sell its B2B business to the Daisy Group for £175m. The stock failed to gain any momentum at 121p.

Waste-to-product business Renewi (RWI) beat upgraded expectations, boosting the shares by 8.5% to 77.6p.

Private hospital group Mediclinic (MDC) lost 9.4% to 615.6p following an operating loss of £288m, partially due to Hirslanden property impairment charges.

Brick maker Ibstock (IBST) said it saw a slower than anticipated start to 2018 after an 'extended winter season'. The shares weakened 5% to 278p.


Cash shell GoTech (GOT) announced its intention to seek shareholder approval to delist from AIM, wiping off a quarter of its value.

Shares in Katoro Gold (KAT) more than doubled to 2.09p on the news that there is still good upside exploration and development potential for the further development of the Imweru gold project.

Range Resources (RRL) exceeded its production target of 800 barrels of oil per day, triggering a 22% rise in the stock to 0.2p.

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