- It was a quiet day for corporate news with little to distract the market from upcoming interest rate decisions from the Bank of England and US Federal Reserve later this week.

The FTSE 100 remained in the red throughout the morning, down 0.2% at 7,683 around midday.


Investors were feeling lucky with gambling group GVC after it announced a 50/50 joint venture with MGM Resorts International to create a sports betting and online gaming platform in the US. Shares in GVC rose 5% to £11.50.

Indivior was flat at 316.5p following the US court's decision to grant rival Dr Reddy permission to make an emergency appeal against a preliminary injunction preventing the sale of a generic version of Indivior's opioid addiction treatment.

Clay bricks manufacturer Ibstock slumped 11.3% to 246.5p after warning production was lower than expected over the last few months, which means second half trading is expected to be below forecasts.

National Grid reported Ofgem's final decision on the delivery model for the Hinkley-Seabank project would not affect its commitment to delivering the project on time. The utility firm was also pleased with Ofgem's decision surrounding RIIO-2 Framework, but the stock dimmed 2.2% to 807.4p.

Geotechnical contractor Keller benefited from strong organic growth in North America and Asia-Pacific, boosting first-half underlying profits by 7% and helping the stock gain 1.1% to £10.92.


Mosman Oil and Gas revealed oil production nearly doubled at its Welch Permian Basin project, triggering a 21.5% rally to 0.7p.

Shares in logistics company Clipper reversed 22.2% to 315p as its latest results fell short of expectations while the stock trades on an expensive market valuation.

UK food producer Cranswick nudged 0.6% higher to £33.24 despite delivering an in-line performance in its first quarter as sales rose 7%.

Estate agent Foxtons enjoyed a 4.8% jump to 49.9p despite sales falling 9% as a resilient letting performance was offset by weakness in the London market.

Story provided by