StockMarketWire.com - UK stocks opened lower on Monday as investors continued to grapple with a host of uncertainties, including the state of US-China trade relations and the outcome of Brexit negotiations.

At 0854 GMT, the benchmark FTSE 100 index was down 27.2 points, or 0.4%, at 6.782.02.

Flybe gained 31%, off a low base, as it confirmed media reports that major shareholder Hosking Partners had called for the ouster of its chairman.

Hosking also wants a probe conducted into the regional carrier's acceptance of a takeover bid from a consortium comprising Virgin Atlantic and Stobart Group pitched at just $2.8m.

Services company Wood Group slipped 2.7% as it announced that it had sold three non-core assets for around $28m combined.

Fluid-system supplier for light vehicles TI Fluid Systems gained 3.7% after announcing its annual operating margins would hold broadly steady. The company also said its current CFO would stand down by the end of 2019.

Paragon Banking Group added 0.7% as it boosted lending volumes by 41% in its fiscal first quarter, putting it on track to meet its full-year guidance.

Petra Diamonds slumped 8.1%, as investors looked past a 10% rise in first-half production, to an accompanying rise in company debt levels.

Detection technology supplier Kromek climbed 6.1% on news it had won a new contract from an existing customer worth a minimum of $58.1m over a seven-year period.

Communications services group Maintel gained 1.7% as it guided for annual adjusted earnings at the top end of its previous expected range.

Payments technology company PCI-PAL rallied 13% on revealing a larger-than-expected contract haul in the first half.

Textile processor Leeds Group fell 5.4% as its annual sales slipped amid 'challenging' market conditions. Story provided by StockMarketWire.com