- The FTSE 100 was down by a handful of points on Tuesday as traders fret over a possible resolution of the current trade tensions between China and the US ahead of a planned meeting between the two countries leaders at the G20 summit this week. US futures pointed to a downbeat open after yesterday's big gains amid the ongoing speculation over the issue.


Thomas Cook tumbled 20.1% to 38.5p as it warned its annual operating earnings would fall 19%, marking in its second downgrade in two months, amid heavy discounting at its tour operating business.

The company also suspended its full-year dividend.

Bakery chain Greggs was having a much better time. Its shares puffed 13.5% higher to £14.05 as it upgraded its expectations for full-year profits on the back of strong October and November sales of sausage rolls, sandwiches and pizzas.

Meat producer Cranswick fell 3.8% to £27.64 as softer pricing in Asian export markets kept a lid on revenues and bottom-line profit fell, all despite the warm summer extending the UK barbecue season.

Pet-product retailer and vet group Pets at Home Group booked an 81% fall in first-half profit, as margins shrank and it decided to buy back some struggling joint venture practices in its veterinary network. Losses in its shares, however, were limited to 1.1% at 113.3p.

Quality assurance provider Intertek added 2.9% to £47.82 amid a modest rise in revenue in the 10 months through October.

Water utility Pennon climbed 1.4% to 767p as demand over Britain's warm summer buoyed profits.


Fashion retailer Quiz ticked up 0.7% to 43.8p after soaring online sales helped it book a 4% rise in first-half profit.

Ingredient and flavoring supplier Treatt gained 2.9% to 455p as it posted a slight fall in annual profit owing to costs associated with relocating its UK headquarters. Its underlying earnings, revenue and dividend all rose.

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