StockMarketWire.com - The FTSE 100 nudged seven points lower to 7,042 despite reassurances from Italy's prime minister that the country will not leave the EU or stop using the euro following concerns over its budget plan.

European equities fell into the red as Germany's DAX dipped 0.1% to 11,541.

Wall Street also struggled to gain any momentum with the exception of the tech-heavy Nasdaq, up 0.4% at 7,478 around 4:45pm UK time.

LARGE AND MID CAP RISERS AND FALLERS

Budget airline Ryanair gained 4.2% to €11.93 despite booking a 9% fall in first half-profit, owing to strike action, lower ticket pricing and higher fuel costs. The budget carrier also reiterated its full-year guidance.

Gulf-country private healthcare group NMC Health rose 5.6% to £32 after it upgraded its annual revenue and earnings guidance, following 'positive developments' in the second half.

AstraZeneca gained 0.7% to £59.75 after the pharmaceutical company and partner Merck said results from a trial for their ovarian cancer treatment showed a reduction of disease progression or death by 70%.

Renewable Infrastructure Group fell 0.2% to 113.2p as it confirmed it would hold a shareholder meeting next month to seek approval to issue more shares, to pay debt and help fund investment opportunities.

Petra Diamonds fell 2.5% to 37.5p despite growing its first-quarter revenue by 22%, as higher production volumes were offset lower diamond prices.

SMALL CAP RISERS AND FALLERS

Replacement door and window supplier Safestyle UK jumped 38.7% to 78.5p on news it had forged a non-compete agreement with Mitu Misra.

Shares in Bellzone Mining plummeted 35.5% to 0.2p after shareholders reject the request to issue new shares, making it more likely that the company could become insolvent.


Story provided by StockMarketWire.com