- UK equities tried to mount a recovery despite a cut in global growth forecasts from the International Monetary Fund from 3.9% to 3.7%.

Stronger miners helped the FTSE 100 cling onto positive territory, up 4.2 points at 7,237.

Anglo American and Evraz were among the biggest risers with gains of up to 3.2% each.

In the US, investor sentiment was more robust with the tech-heavy Nasdaq enjoying a 0.6% jump to 7,781 at around 4:45pm UK time.

Brent crude oil rose 1% to $84.75 per barrel and copper climbed 1% to $2.78 per pound.


Sausage roll seller Greggs received a sales boost from drinks and pizza, which were popular during the summer heatwave. Like-for-like sales rose 3.2% in the three months to 29 September, helping the shares gain 4.6% to £10.52.

Gambling company Paddy Power Betfair declined 5% to £61.75 after the Irish government announced in its latest Budget that gambling turnover tax will double from 1% to 2% on sportsbooks.

Shares in insurance firm Aviva retreated 0.4% to 463.1p after chief executive Mark Wilson decided to step down following a restructuring process.

British insurer Robert Walters enjoyed strong net fee income across Europe, helping overall income over the quarter jump 11.6%. The stock was flat at 640p.

Plastic packaging maker RPC revealed modest organic growth and confirmed an extension for potential buyers to study their options late on Monday. Potential acquirers Bain Capital and Apollo have until 5 November to make an official bid for the company. Shares in RPC increased 2.6% to 800p.

A hike in Ireland's VAT rate for hospitality services from 9% to 13.5% is expected to hit Dalata Hotel's earnings by 2.7% in 2019 according to Davy Research forecasts. The shares advanced 1% to 559p after an initial decline.


Metals producer Wolf Minerals warned it will need to raise more money, triggering a 11.1% fall to 1.5p. The company was recently forced to suspend trading on the Australian stock market after failing to release its annual results.

Serica Energy's big deal with BP to acquire fields in the North Sea will not be held up by US sanctions on Iran, despite the Iranian national oil company having an interest in one of the assets. This excited investors as the stock surged 42.8% to 110p.

News that Mayan Energy will halt development activity amid a reorganisation of the company dragged the stock 19.3% lower to 0.2p.

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