StockMarketWire.com - Global equities were mainly in the red after the US Federal Reserve hinted that an interest rate hike could be in the cards in December.

The FTSE 100 slipped 0.5% to 7,105 as falling commodity prices hit the mining sector.

Antofagasta shed 4.9% to 778.2p followed by Fresnillo and Glencore with declines of more than 4.4% apiece.

Wall Street struggled with the Nasdaq down 1.8% at 7,395 around 5pm UK time. The Dow Jones and S&P 500 suffered smaller declines.

LARGE CAP RISERS AND FALLERS

Trade publisher and events company Informa climbed 2.6% to 710.6p as its revenue grew by nearly a third in the 10 months through October, keeping it on track to meet its full-year expectations.

Energy provider SSE fell 2.5% to £11.52 as it announced after the market close last night that its combination with npower might be delayed beyond the first quarter of 2019 thanks to recent market developments including the new cap on energy prices.

Specialist product manufacturer Morgan Advanced Materials slipped 0.6% to 273.4p, even as its year-to-date sales improved and it maintained its full-year guidance.

Online electronics retailer AO World slumped 5.9% to 127p on news it paid £32.5m to acquire online phone seller Mobile Phones Direct. The company also revealed that second-quarter growth was hurt by a weaker white goods market in Germany, and added that growth would be more second half weighted than expected.

Broadcast and photographic market services provider Vitec ticked up 1.2% to £12.50 after it said it had acquired film-making module supplier Amimon for $55m (£42.3m).

Vitec also said it still expected 'material' growth in its annual earnings per share.

SMALL CAP RISERS AND FALLERS

Power cord and cable assembly supplier Volex gained 4.3% to 88.8p as it booked a 17% rise in first-half profit and tipped a full-year performance 'slightly' ahead of market expectations.

Ex-WPP boss Martin Sorrell's new advertising company S4 Capital advanced 0.4% to 118p after it confirmed media speculation that it was talking to the owners of several potential acquisition targets.

Residential development finance supplier Urban Exposure fell 12% to 88p as it warned of 'significantly reduced short-term income' after it decided to write higher-quality loans.


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