- 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.


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.


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.

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