StockMarketWire.com - After yesterday's big sell off the FTSE 100 was back on the front foot on Wednesday, gathering strength heading towards midday.

The index was up 0.75% to 7,006.56 reflecting weakness in sterling brought on by fears over a no deal Brexit. This flatters the relative value of its constituents' overseas earnings.

LARGE AND MID CAP RISERS AND FALLERS

Barclays booked a fall in third-quarter profit, as litigation and conduct charges of £2.1bn weighed, though a decent showing in corporate and investment banking steadied performance. The bank's shares were up 2.8% to 170.4p.

Challenger bank Metro Bank slumped 5.9% to £24.22, despite it more than doubling its third quarter profit, as investors focused on a reduction in interest margins due to competition.

London Southend Airport operator Stobart Group slumped 1.7% to 211.4p, as it swung to a first-half loss owing to higher route development and marketing costs.

Chile-focused copper play Antofagasta slipped 0.8% to 750.8p downwardly narrowing its output guidance for the full year, amid a 15% production increase in the third quarter.

Fellow miner Fresnillo shed 0.3% to 974p on the back of mixed production guidance for the full-year, as gold was expected marginally higher, but silver lower amid continued challenges at its Saucito and Frenillo mines.

SMALL CAP RISERS AND FALLERS

Electricity supplier to small businesses Yu Group crashed 80% to 119p as it warned of a full-year loss and launched an internal probe after it miscalculated its revenue among other 'areas of significant concern'.

Emergency pet care company Premier Veterinary Group plunged 40% to 52p after it also forecast a full-year loss, despite revenue rising 24%, as growth in the US and UK disappointed.

Inkjet printing technology company Xaar ticked up 0.4% to 146.6p after it appointed former Kodak executive Shomit Kenkare a its new chief financial officer.

Out-of-favour photobooths-to-laundry machines operator Photo-Me International rallied 13.2% to 112.8p as the Epsom-headquartered company assured the market its Japanese business will return to growth this year.

There was also relief as Photo-Me confirmed it has traded in line with downgraded expectations in the first five months of the financial year, first half results will be flat year-on-year - with the absence of a further profit warning well-received.



Story provided by StockMarketWire.com