StockMarketWire.com - Concerns over the collapse of the Turkish lira and the potential global impact from the crisis in Turkey weighed on UK equities, leaving the FTSE 100 0.5% lower at 7,624 around midday.

Brent crude oil was flat at $72.76 per barrel and gold was down 0.6% at $1,203 per ounce.

Companies directly exposed to the currency struggled with TUI stumbling 3.5% to £15.10 and DP Eurasia crashing 14% to 92p.

Among the blue-chip fallers were miners Evraz, shedding 1.4% to 502.8p and Randgold Resources, which fell 1.4% to £53.28.

MID AND LARGE CAP RISERS AND FALLERS

Shipping services provider Clarkson rose 7% to £27.65 as investors focused on a maintained annual guidance and hiked dividend instead of a drop in pre-tax profit from £21.9m to £18m.

Rare diseases specialist Shire submitted a new drug application for the manufacture and marketing of an attention deficit hyperactivity disorder drug for adults, but this failed to spark any gains at £44.50.

Defence firm Chemring warned an incident at its Salisbury manufacturing facility is expected to drag underlying profit between £10m and £20m lower than previous forecasts. The stock reversed 15% to 200.5p.

Trading platform Plus500 more than doubled customer numbers, driving first half profit higher, but the company said it would not be able to repeat the strong trading in the second half of 2018, causing the shares to fall 9.1% to £18.24.

SMALL CAP RISERS AND FALLERS

Antibody engineering services provider Fusion Antibodies plummeted 35% to 79p after revealing trading for the year to 31 March 2019 will be 'significantly' behind market expectations due to more competition and pricing pressures.

Echo Energy announced it is evaluating options to support hydraulic stimulation to boost well deliverability in Argentina as productivity so far has not been sufficient for sustainable production. The stock fell 12.7% to 14.7p.


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