- Investor sentiment was subdued globally as trade war concerns returned on speculation that Japan could be in the firing line for tariffs from US President Donald Trump.

The stronger pound hit the FTSE 100 as the majority of earnings from the index come from overseas, which are subsequently worth less when translated into sterling.

Miners were among the casualties with Antofagasta falling 4.1% to 744.2p and Fresnillo dropping 2.7% to 839.4p.

Brent crude oil was unmoved at $76.52 per barrel.

The FTSE closed 0.5% lower at 7,277.

In Europe, Germany's DAX was flat at 11,950 while on Wall Street, the tech-heavy Nasdaq was the only index to make any gains, up 0.4% at 7,959 around 4:45pm UK time.


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 7.5% to 510.6p.

British Airways owner International Consolidated Airlines declined 1.3% to 672p 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 1.4% to 350p.

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 486.3p.

Healthcare business BTG reversed 1.3% to 570.5p 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 4.8% lower at 587.5p.

North Sea oil producer EnQuest plummeted 13.3% to 33.4p 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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