StockMarketWire.com - The FTSE 100's recovery lost traction throughout the day with the blue-chip index closing 0.1% lower at 6,995.

In the US, all indices enjoyed bounced back from the global sell-off this week with the Nasdaq climbing 1.4% to 7,431 around 4:45pm UK time.

The Dow Jones and S&P 500 also rose by up to 1.2% each.

Brent crude oil was stable at $80.37 per barrel.

MID AND LARGE CAP RISERS AND FALLERS

Investment manager Man Group delivered a robust performance in its third quarter despite a bout of market volatility. The shares reversed 3.5% to 140.4p.

Rival Ashmore rose 0.8% to 348p after benefitting from positive net inflows, which helped grow its assets under management.

Technical products group Diploma advanced 1.8% to £12.60 on its acquisition of Actios for an undisclosed sum, broadening its reach across Europe.

Sportswear seller Sports Direct agreed to acquire the Frasers department store in Glasgow for £95m, pushing the stock 1.9% higher to 316p.

SMALL CAP RISERS AND FALLERS

Patisserie Valerie owner Patisserie, whose shares are currently suspended, revealed its finance director Chris Marsh had been arrested by police. The company also announced a heavily discounted share placing at 50p per share and said it needed no less than £20m to keep the firm afloat. Marsh had been suspended by the company amid accounting irregularities that have sent it to the brink of collapse.

Plastics developer Symphony Environmental Technologies forecast lower earnings following order delays in its key Middle East market, causing the stock to fall 13.8% to 8.4p.

Order delays were also a sore spot for technical plastics products supplier Carclo, down 5.6% at 81.2p, after announcing the delays meant it would fall short of half-year profit expectations.


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