- The FTSE 100 closed the day down by a fraction at 7,428.19 after US GDP figures for the first quarter comfortably beat consensus forecasts to record 3.2% growth.

On Wall Street the S&P 500 was up a smidge by 4.30pm UK time as the positive economic news was accompanied by a batch of mixed Q1 earnings reports.


RBS slumped 4% after it booked a fall in first-quarter profits and warned on its annual guidance, a day after announcing chief executive Ross McEwan was leaving.

Food delivery company Just Eat fell 4.6%, as investors looked past a 28% jump in first-quarter revenue and focused on slowing order growth in the company's key UK market.

Global advertising giant WPP gained 5.4% on the back of a modest rise in first-quarter revenue driven by foreign exchange gains. Sales, however, fell 2.8% at an underlying level due to client losses in the US.

Former WPP boss Martin Sorrell's new advertising company S4 Capital gained 3.1% after it acquired Amsterdam-based Caramel Pictures and Sao Paulo-based ProgMedia, for undisclosed sums.

British insurance provider Hastings slumped 12.8% after its first-quarter revenue slipped amid higher claims costs.

Computer services provider Computacenter was having a better day. Its shares soared 18% after a strong performance in France during the first quarter helped inspire confidence in its full-year guidance.

Educational publisher Pearson, meanwhile, fell 0.7% even as it announced that its underlying sales had grown by 2% in the first quarter, while reiterating its annual earnings guidance.

Pharmaceuticals company AstraZeneca dipped 1.6% as it more than doubled pre-tax profits in the first quarter and stuck to its full-year guidance.

Flow control and instrumentation company Rotork fell 0.2% after announcing that it expected to achieve 'modest' sales growth in 2019, weighted to the second half.


Drug developer ReNeuron rallied 21.8% after it recorded positive results from a clinical trial of a treatment for the blindness-causing disease retinitis pigmentosa.

International payments firm FairFX was up 13.1% as it posted first quarter revenue growth ahead of expectations.

Story provided by