- UK stocks fell 1.1% on Wednesday following a steeper drop on Wall Street as investors continued to fret about trade tensions between the US and China.

At 0900, the benchmark FTSE 100 index was down 77.17 points, or 1.1%, at 6.945.59.

Train and bus company Stagecoach Group gained 5.7% despite swinging to a first-half loss owing to a write down at its US business.

Underlying profit fell by less than expected and the company upgraded its full-year guidance, while announcing the US business was up for sale.

Fashion retailer Joules jumped 7.3% after it said in a trading update that it boosted revenue by 18% in the first half of its financial year.

Eastern Europe-focused alcoholic drinks company Stock Spirits gained 0.5% after it posted a 14% rise in annual profit, as it boosted sales in its key markets of Poland and the Czech Republic.

Embattled cafe chain Patisserie delivered a rare piece of good news, announcing that it had poached the former finance director of veterinary company CVS Group as its interim chief financial officer.

Broking and advisory group Numis Corporation shed 2.0% as it posted a 17% fall in full-year profit after higher investment spending, including on staff, offset rising revenue.

Oil services company Wood Group reversed 1.9%, despite announcing that it had won a $43m contract to construct 80 miles of steel pipeline in west Texas.

Stock investor Monks Investment Trust said it posted a 0.9% fall in its net asset value per share in the first half, missing its benchmark and sending its shares down 1.7%.

Logistics property investor Tritax Big Box REIT secured £400m of debt to fund potential acquisitions. Its shares fell 0.7%.

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