StockMarketWire.com - UK stocks edged lower in a muted start to the session on Thursday after the Federal Reserve raised US short-term interest rates for the third time this year, as expected.

At 0858, the benchmark FTSE 100 index was down 12.51 points, or 0.17%, at 7.498.98.

Equiniti Group added 0.77% after announcing it had acquired the Cabinet Office's 24% stake in MyCSP for £8m, increasing the company's stake from 51% to 75%.

Holiday company TUI Group edged 1.77% higher after reporting that trading had remained in line with expectations despite the hot summer in its main markets. It therefore confirmed its guidance for underlying earnings to rise at least 10% this year.

Saga lost 1.19% as it said its underlying pre-tax profits fell 3.7% in the first half of 2018 as it continued to make the necessary investments in new customer acquisition.

Entertainment One climbed 1.13% as it reiterated guidance and confirmed it was on track to meet expectations after its family and brands segment performed 'strongly' in the first half of year driven by increased licensing and subscription deals.

Support services group DCC slumped 4.24% despite saying its operating profit would be in line with expectations in the seasonally 'less significant' first half, but would be ahead of the prior year driven by acquisitions.

Restaurant and pub operator Mitchells & Butlers advanced 2.41% after announcing they remained confident they would deliver full-year results in line with expectations as the hot summer and the World Cup helped boost like-for-like sales.

Clinigen Group dropped 8.29% on Thursday after reporting that annual profits had more than doubled, led by its growth unlicensed medicines division. The company also said it had agreed to acquire CSM Parent for an initial $150m and iQone for an initial €7.5m.

Womenswear chain Bonmarche plummeted 22.18% on Thursday after warning that profits would fall short of expectations this year as worries over uncertainty on high street footfall and delayed demand for autumn stock amid warmer weather weighed.

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