- The FTSE 100 barely remained in positive territory as progress between the US and China on trade talks and attempts between Theresa May and Jeremy Corbyn to agree a Brexit deal failed to boost investor sentiment.

At midday, the blue-chip index was only 17.7 points higher at 7,419.

UK house prices rose 3.2% in the first quarter of 2019 compared to the same period last year according to Halifax's house price index.

Brent crude oil dipped 0.4% to $69.14 per barrel.


Peer-to-peer lending firm Funding Circle dropped 6.7% to 320p on the announcement that Funding Circle SME Income Fund is to be wound down.

Shares in Purplebricks dropped 6.7% to 128.7p after investment bank Berenberg downgraded its recommendation from 'buy' to 'sell.

Gambling company GVC advanced 1.3% after it reported an 8% increase in first-quarter net gaming revenue, as soft gross win margins in Italy and the UK were offset by improved margins in other territories.

Private hospital operator NMC Health gained 3% to £25.36 on the appointment of Tarek Alnabulsi as independent non-executive director.

Electricity producer ContourGlobal gained 5.9% on the back of a 19% rise in annual adjusted profit. The company also announced that it had hired Stefan Schellinger as its new chief financial officer.

Miner and commodities trader Ferrexpo added 2.2%, despite it reporting a modest fall in first-quarter iron-ore pellet production.


Auto retailer Motorpoint fell 7% after it announced that a weaker second half had limited its annual adjusted profit growth to 10%.

Flavour and fragrance ingredient supplier Treatt advanced 0.5% as its first-half revenue grew by 7% despite price weakness in its key citrus category.

Marketing company Matomy Media plummeted 26%, even as it announced that it was considering an offer of $36m to sell its 90% stake in Team Internet.

K3 Capital Group fell 11% after it warned on profits as Brexit uncertainty weighed on its ability to wrap up a new business in its corporate finance division.

Cancer diagnostics group Oncimmune rose 3.1% as it signed an exclusive agreement for the distribution of its lung cancer test kit in Portugal with Sabartech, its existing distributor in Spain.

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