- Gains in miners and oil majors failed to perk up the FTSE 100 at 6,995 around midday as oil and gold prices rose.

Royal Dutch Shell advanced 1.1% to £25.38. Fresnillo, Randgold Resources and Evraz were among the top performing miners.

Brent crude oil increased 1% to $81.34 per barrel and gold glittered at $1,232 per ounce.


Fashionable hoodie seller Superdry warned annual profits will miss expectations following unseasonably hot weather in the UK, Continental Europe and the East Coast of the US and volatile currency movements. Shares in Superdry plummeted 20.4% to 807.5p.

Convenience foods firm Greencore sold its US business to contract food maker Hearthside for £817m, helping to strengthen the balance sheet and allow it to return more money to shareholders. Despite the good news, the stock fell 5.8% to 195.4p.

Shares in woundcare specialist ConvaTec crashed 33.1% to 150p after it cut organic growth expectations and forecast earnings margins. The company blamed a change in inventory policy by its largest customer in the Infusion Devices franchise.


Renewable fuels company Velocys catapulted 31.5% higher to 5p on strong progress with a shortlist of strategic investors to invest in its Bayou Fuels bio refinery project in Mississippi.

Disruptive online estate agent Purplebricks reversed 3.4% to 210.6p on a joint venture with Axel Springer to target the German market with a joint 25.9% stake its German online estate agent Homeday.

Budget shoe seller Shoe Zone revealed annual pre-tax profit will smash expectations at approximately £11m, driving the stock 12.4% to 185p.

Fresh cakes retailer Cake Box was in demand, up 7.9% at 176.5p, on news its annual profits are anticipated to be ahead of forecasts, encouraging broker Shore Capital to upgrade its numbers.

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