- Declines in banks and miners weighed on the FTSE 100, leaving it 0.8% lower at 7,258 around midday.

Royal Bank of Scotland shed 2.2% to 242.6p followed by peer Lloyds, down 2.2% at 58.6p.

Antofagasta lost 2.8% to 754.2p and Fresnillo retreated 3% to 836.8p.

Brent crude oil was stable at $76.46 per barrel and copper fell 0.9% to $2.60 per pound.


Greene King benefitted from the heatwave and the World Cup, driving like-for-like sales 2.8% higher in the 18 weeks to 2 September and beating growth elsewhere in the market. Shares in the pub operator rose 8% to 513p.

British Airways owner International Consolidated Airlines declined 3.3% to 658.8p as investors were concerned about hackers stealing customer data from the British Airways site and app.

Fund manager Ashmore painted an upbeat outlook for the market after delivering 26% growth in assets under management to $73.9bn in the year to June, helping the stock gain 2.5% to 353.8p.

Gambling software supplier Playtech sold its entire 10% stake in online broker Plus500 for £176m with the funds expected to be used partially for cutting debt. Investors took the news in its stride as the shares were broadly unmoved at 483.5p.

Healthcare business BTG reversed 1.2% to 556p following the acquisition of Ireland-based medical device company Novate.


Online musical instruments retailer Gear4Music revealed increased competition is putting pressure on margins and European sales growth was impacted by a slower than anticipated build-up of stock. The bad news offer better than forecast sales growth, leaving the stock 5.6% lower at 582.2p.

North Sea oil producer EnQuest plummeted 12.2% to 33.8p on a $100m discounted rights issue to acquire the remaining 75% of the Magnus oil field it does not already own and to complete future drilling work.

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