StockMarketWire.com - The FTSE 100 remained in negative territory despite Turkey's central bank launching emergency measures in a bid to restore financial stability following the collapse of its currency.

The blue-chip index traded 0.3% lower at 7,642.

Wall Street also suffered from a subdued performance with the Nasdaq the only index to make any gains. The index was up only 4.6 points at 7,843 around 4:45pm UK time.

Companies directly exposed to Turkish lira struggled with TUI stumbling 2.5% to £15.26 and DP Eurasia crashing 15% to 91p.

Brent crude oil slipped 0.7% to $72.32 per barrel and gold fell 1.3% to $1,195 per ounce.

MID AND LARGE CAP RISERS AND FALLERS

Shipping services provider Clarkson rose 6.6% to £27.55 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 £44.45.

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 12.4% to 206.7p.

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 16.3% to £16.80.

SMALL CAP RISERS AND FALLERS

Antibody engineering services provider Fusion Antibodies plummeted 34.3% to 79.8p 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 10.7% to 15p.


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