- UK stocks opened slightly lower on Wednesday as investors braced for a key interest rate decision in the US expected later in the day.

At 0854, the benchmark FTSE 100 had inched back 1.97 points to 7.505.59.

Auto insurer AA slumped 8.8% as it booked a 65% fall in first-half profit, pinned on rising costs and falling revenue.

Online fashion retailer Boohoo rallied 8.3% after it raised its full-year revenue guidance amid a record first-half performance.

Airport retailer SSP Group fell 3.4%, having disappointed investors with expectations of 2-3% growth in annual like-for-like sales.

Consumer goods group PZ Cussons gained 3.1% as 'good' growth in the UK and North America during its fiscal first quarter made up for a continued weak performance in Nigeria.

Manufacturing company Redhall tumbled 23% after it warned its annual results would be 'materially' below its previous expectations following project delays and slower-than-expected efficiency gains.

Online gambling operator Stride Gaming fell 1.4% on news it expected to post lower annual earnings amid 'challenging' trading conditions and would set aside £4m for an expected fine in the UK.

Renewable fuels company Velocys shed 3.6% as its first-half losses more than doubled owing to a continued to spend on bio-fuels projects in the US and UK.

Internet domain owner Minds + Machines slumped 15% after it booked a deeper first-half loss that featured a variety of one-off charges including a bad debt provision, onerous lease provision and impairment loss. Story provided by