- The FTSE 100 continued to struggle amid friction in Germany over immigration issues, falling oil prices and renewed trade war fears following Canada's imposition of tariffs on US goods.

The FTSE 100 closed 1.2% lower at 7,547.

Wall Street was also in the red with the Dow Jones losing the most at 0.5% to 24,144 around 4:45pm UK time.

Brent crude oil fell 1.9% to $77.70 per barrel, dragging oil majors Royal Dutch Shell (RDSB) and BP (BP.) lower by up to 1.5% apiece.

Miners remained weak with Rio Tinto (RIO), down 3.2% at £40.65 and Glencore (GLEN) shed 3.5% to 349.3p. Antofagasta (ANTO) and BHP Billiton (BLT) also suffered falls of up to over 3% each.

UK manufacturing was broadly unchanged after Markit's Purchasing Managers' Index nudged from 54.3 in May to 54.4 in June. A figure over 50 implies growth and one under 50 suggests contraction.


Purplebricks (PURP) announced it agreed terms for the acquisition of digital real estate service DuProprio/ComFree for £29.3m to grow market share in Canada. Despite the news, the stock retreated 4.7% to 310p.

UK supermarket Tesco (TSCO) revealed an alliance with Carrefour in France, which is expected to help the retailers cut costs and lower prices in a competitive market. Shares in Tesco were broadly unmoved at 256.1p.

Mining conglomerate Vedanta Resources (VED) catapulted 26.5% to 818p after Volcan Investments said it wanted to buy the rest of the company it did not already own, valuing Vedanta at £2.3bn.

Defence engineer Meggitt (MGGT) upgraded its 2018 organic sales growth guidance from between 2% to 4% to a new range of between 4% and 6%, helping the shares rally 4% to 513.1p.

Elsewhere, Micro Focus (MCRO) advanced 1.5% to £13.43 on a deal to sell its SUSE business for $2.53bn in a bid to focus on infrastructure software assets and help cut debt.

Investment manager Ashmore (ASHM) struggled on the news that chairman Peter Gibbs will retire as chairman, prompting the shares to stumble 2.7% to 363p.

Gambling firm Playtech (PTEC) tumbled 22.8% to 581.1p on its second profit warning in a year, blaming ongoing problems in Asia.

Plus500 (PLUS) impressed the market after upgrading full year expectations for the year to 31 December as the stock jumped 2.9% to £16.62.


There was also a sales miss at mattress seller Eve Sleep (EVE) as squeezed consumer spending and missteps by management hit trading, resulting in chief executive Jas Bagniewski's resignation. This prompted the shares to plummet 56.7% to 29.9p.

A heavy storm hit Mosman Oil and Gas's (MSMN) Arkoma project in Oklahoma, prompting delays and wiping nearly a fifth off the oil explorer's market value.

88 Energy (88E) shed 17.9% to 1.05p on its decision to suspend its Icewine joint venture.

Celebration cake retailer Cake Box (CBOX) enjoyed a 12.3% advance to 154.4p following positive press over the weekend after a strong debut on AIM last week.

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