- The FTSE 100 slid into the red as concerns over the US-China trade war and Italy's planned budget deficit hit investor sentiment.

The blue-chip index dropped 1.1% to 7,233 amid declines in banks and miners.

Wall Street fell into negative territory with Nasdaq dropping 1.2% to 7,693 at around 4:45pm UK time.

Brent crude oil dipped 0.6% to $83.67 per barrel. Gold fell 1.4% to $1,183 per ounce and copper cheapened 0.5% to $2.74 per pound.


Lancashire warned it expects approximately $30m in third quarter losses due to claims in its marine portfolio. The insurer also said it anticipated further losses of between $25m to $45m from exposure to natural catastrophes, prompting investors to mark the stock 5.9% lower to 552.5p.

Wealth manager Schroders announced it is in discussions with high street bank chain Lloyds about 'working closely together' in parts of the wealth sector.


Embattled retailer French Connection soared 28.2% to 55p after putting itself up for sale as it ponders its strategic options to deliver the most value for shareholders.

Daily Mirror publisher Reach revealed like-for-like sales fell 7% as print advertising remained under pressure. Investors took the news in their stride after third quarter sale rose 21% in the third quarter, leaving the shares flat at 66p.

Drug developer Diurnal crashed 60% to 43p after its Chronocort adrenal insufficiency treatment failed to meet its primary objective in Phase III trial.

Shares in CAP-XX catapulted 20.9% higher to 13p following a deal with TDK, where the company will license of family of CAPX-XX's patents on a non-exclusive basis for a range of supercapacitor sizes.

Software group Sopheon benefitted from new business wins in the third quarter as it now expects its annual results to beat market expectations. The stock gained 10.9% to £10.07.

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