- UK stocks are losing ground on Thursday morning as a lower close on the Asian Hang Seng weighed on early sentiment amid growing trade China-US trade tensions.

At 0915, the benchmark FTSE 100 index was down 60.10 points, or 0.8%, at 7.450.18.

Low-cost airline EasyJet lost 1.57% on Thursday despite reporting that it had carried 8,816,427 passengers in September, a 14.2% rise from a year ago.

Engineering group Smiths Group edged 0.17% lower on Thursday as it announced that it had entered into an agreement to buy United Flexible from Arlington Capital Partners for an enterprise value of $345m, with completion expected in the second half of 2019.

Electrocomponents climbed 3.59% after saying that a positive market backdrop and strong execution had improved profitability across the business.

Healthcare company BTG jumped 5.27% as it guided product sales higher Thursday after including its varicose vein treatment Varithena in its oncology and vascular portfolio and said sales of its pharma products would be at the upper end of guidance.

Meanwhile, clothing and accessories retailer Ted Baker slumped 10.05% after it announced a 3.2% drop in pre-tax profit to £24.5m in the six months to 11 August 2018 amid "challenging trading conditions" globally and unseasonable weather in many of its markets.

Biopharma company PureTech fell 2.11% after announcing that preliminary results from its Phase 1a/1b clinical study of its live biotherapeutic product VE303 from its Vedanta Biosciences arm demonstrated safety, tolerability and proof of mechanism.

ITE Group edged 0.14% lower as it said that the sale of ITE Expo had now completed following shareholder approval at the general meeting held on 24 September.

Specialist inflation-protected very long income REIT LXi REIT slipped 0.43% on Thursday despite announcing an interim quarterly dividend of 1.375p/share for the period from 1 July to 30 September 2018.

Audioboom plummeted 30.11% on Thursday after warning annual profits would fall short of market expectations even as revenue swelled to a record for the quarter through August.

Shares of DFS Furniture fell 2% after reporting Thursday profits slumped as the summer heatwave and an 'exceptional downturn' in consumer demand weighed.

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