- UK stocks opened lower on Wednesday as Prime Minister Theresa May struggled to bridge government division over Brexit policy and investors braced for a US Federal Reserve decision on interest rates.

At 0859, the benchmark FTSE 100 index was down 20.61 points, or 0.3%, at 7.683.20.

Dixons Carphone shed 3.4% after the phone retailer said cyber criminals had accessed customer payments data.

Mining house Glencore gained 1.4% following news it agreed to write-off $5.6bn of debt as part of a recapitilisation agreement for a giant new copper and cobalt mine in the Democratic Republic of Congo.

Luxury handbag maker Mulberry shed 1.9% after it posted a lower annual profit and said UK sales had deteriorated in the early part of the new financial year.

Bathroom and kitchen products supplier Norcros gained 7.6%, as it posted a rise in annual profit supported by market share gains.

Flooring manufacturer Victoria gained 3.0% on news it would close a site in Melbourne to streamline its Australian business, while also reporting over 3% like-for-like sales growth so far this year.

Waste Management group Biffa fell 2.3%, despite it posting a 34% jump in adjusted profit, on news that chief executive Ian Wakelin was standing down.

Oil and gas drilling group Enteq Upstream tumbled 15% after the company reported another bottom line loss, despite the recovery in oil prices, as overheads crept higher.

Cosmetic surgery group Sinclair Pharma rallied 7.4% after it said sales at its recently-rejigged US business were tracking ahead of budget.

Medical-imaging technology company Polarean Imaging said its annual losses deepened, owing to expenses associated with its IPO in March. Its shares fell 2.9%. Story provided by