- Sterling strengthened despite the UK government warning the UK economy will be smaller outside the EU, causing the FTSE 100 to slide 0.2% to 7,004.

On Wall Street, National Economic Council director Larry Kudlow claimed the US and China could reconcile over the current trade war, helping the Dow Jones rise 0.8% to 24,938 at around 4:45pm UK time.

Brent crude oil slid 0.3% to $60 per barrel and copper climbed 1.8% to $2.76 per pound.


Shares in Frankie & Benny's owner Restaurant Group slumped 15.1% to 199.5p after its proposed acquisition of Wagamama was approved.

Low-cost airline EasyJet fell 4.9% to £11.59 as Keppler Cheuvreux cut its recommendation from 'buy' to 'hold'.

Credit information provider Experian ticked up 0.9% to £18.85 after the UK competition regulator raised concerns about its proposed takeover of ClearScore.

IT technology and services provider Softcat gained 3.4% to 609p after announcing that it had traded 'well' in the first quarter, growing both its revenue and its operating profit.

Plastics product manufacturer RPC Group posted a 5% fall in first-half profit, as higher polymer prices weighed on margins and it wrote down the value of businesses held for sale. Its shares fell 0.8% to 745.4p.

Travel company On the Beach gained 3.2% to 415p after cutting its marketing spend helped it ride out a slump in demand caused by hot UK summer weather and post a 24% rise in full-year profit.

Component supplier Senior fell 3.3% to 248p despite it announcing that it expected to make 'good' progress in calendar 2018 after trading in the first 10 months of the year met its expectations.

Property investor Daejan gained 0.2% and LondonMetric slipped 0.1%, respectively, after boosting their first-half earnings and dividends on the back of increased rental income.

Wealth manager Brewin Dolphin fell 3.2% to 322p despite it posting a 19% rise in annual profit, as it recorded flat net fund inflows.


London-focused residential property developer Telford Homes rose 3.5% after it posted a 16% rise in first-half profit, though it acknowledged that it had 'work to do' to reach its annual profit guidance.

Travel agent for the wealthy Ten Lifestyle Group was down 0.6% after initially tumbling 43% as it posted a deeper annual loss, underpinned by missed revenue targets and higher expenses.

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