StockMarketWire.com - The FTSE 100 fell into the red as rising utilities was offset by declining mining stocks.

Glencore shed 1.4% to 307.6p and Antofagasta retreated 1% to 788.4p.

Energy providers Centrica and SSE rose as details of an energy price cap were published, finally putting months of uncertainty to rest.

United Utilities and Severn Trent also enjoyed gains of over 1.6% each.

The blue-⁠chip index dipped 14 points lower to 7,369 around midday.

Brent crude oil rose 0.3% to $77.49 per barrel. Copper climbed 1.8% to $2.64 per pound and gold gained 0.6% to $1,202 per ounce.

MID AND LARGE CAP RISERS AND FALLERS

Dixons Carphone dimmed 2.4% to 160.1p as like-for-like revenue was flat in the first quarter. While the World Cup boosted demand for consumer electronics, struggles in its mobile segment continued.

Train operator Go-Ahead accelerated 6.7% to £17.44 after operating profit beat expectations thanks to a better than expected performance in its rail business and improved trading in the bus division in London.

Animal genetics company Genus fell 4.6% to £25.96 as a write-down of its biological assets hit statutory pre-tax profit by 81% to £7.8m in the year to 30 June.

Melrose reported an operating loss of £256m, down from a profit of £58m as acquisition-related costs from the prolonged takeover of GKN made an impact. Investors focused on a hiked dividend and 'significant potential' for GKN as the stock rallied 5.7% to 235.5p.

Housebuilder Bovis Homes announced annual profit is anticipated to hit the upper end of expectations thanks to surging first half profit, pushing the shares 3.2% higher to £11.68.

There was also good news from peer McCarthy & Stone, up 2.1% at 114.3p, as a 10% jump in average selling prices to approximately £300,000 boosted sales in the year to 31 August.

Budget airline EasyJet failed to take off at £14.84 despite flying 5.6% more passengers in August compared to August 2017.

The market was concerned about Sirius Minerals' higher capital requirement estimates, offsetting two new major contract wins as the shares slid 9.4% to 29.5p.

SMALL CAP RISERS AND FALLERS

Social video business Brave Bison soared 66.7% to 2.5p on a distribution partnership with Chinese conglomerate Tencent, offering the company access to over 1.5bn Chinese viewers.


Story provided by StockMarketWire.com