- The FTSE 100 fell firmly into the red amid falling miners and housebuilders.

Fresnillo and Glencore suffered a decline of over 1.8% each on weaker metal prices.

Among the housebuilders, Persimmon dropped 3.3% to £23.58 and Taylor Wimpey reversed 2.8% to 164.3p.

The blue-chip index traded 0.6% lower at 7,457.

It was a similarly glum view in Europe and the US with Germany's DAX down 1.1% to 12,207.

On Wall Street, the tech-heavy Nasdaq took the biggest hit, down 0.4% at 8,076 around 4:45pm UK time.

Brent crude oil was up 0.5% at $78.56 per barrel. Copper declined 2.9% to $2.57 per pound and gold retreated 0.6% to $1,193 per ounce.

UK construction output growth eased to a three-month low in August according to Markit's Purchasing Managers' Index, which produced a reading of 52.9 in August, down from 55.8 in July. A figure over 50 implies growth while one under 50 suggests contraction.


Cycling retailer Halfords delivered a robust performance despite a challenging retail environment as the heatwave helped to offset adverse weather earlier this year. Shares in Halfords rose 6.9% to 351.4p.

Advertising titan WPP revealed pressure on profitability in its first half and downgraded longer term margin guidance, triggering a 6.3% drop to £11.96.

Going in the other direction was packaging company DS Smith thanks to volume growth in the first quarter offsetting margin pressure from higher raw material costs. The stock was flat at 493.3p.

Financing software provider Alfa Financial Software slumped 6.6% to 148p on a challenging start to the year and ahead of its potential ejection from the FTSE 250.

British housebuilder Redrow declined 2.1% to 545p despite demand for new homes remaining resilient as the UK's exit from the EU approaches, with pre-tax profit rising 21% to £380m in the year to 30 June.

Defence contractor Chemring adjusted full year guidance after an explosion at a UK factory in August. Investors took the news in their stride as the stock strengthened 4% to 205p.

Budget airline Ryanair reported a 9% increase in passengers in August compared to a year ago, but the share price failed to reflect the good news, dipping 2.2% to €13.80.


Convenience retailer McColl's Retail continued to be impacted by the collapse of wholesale Palmer & Harvey last year following lower like-for-like sales. Despite this, the shares gained 5.6% to 151.2p.

Metals exploration and development firm Greatland Gold found high grade gold from a licence in Western Australia, prompting investors to mark the shares 22.7% higher to 1.3p.

A profit warning from advanced composite material kits supplier Velocity Composites nearly wiped off a quarter of its market value.

There was bad news from Seeing Machines as production delays are expected to have an ongoing adverse effect on growth in 2019 with sales expected to be 'materially below' market expectations. Shares in the artificial intelligence technology specialist fell 28.4% to 7.3p.

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