StockMarketWire.com - The FTSE 100 was down 0.9% by midday at 7,282.50 as global market sentiment weakened. Housebuilding stocks were under the cosh, Barratt Developments leading the way lower with a 3% decline on weak UK house price data.
Travel operator Thomas Cook continued to tumble to fresh lows amid ongoing fears over the company's financial position, the shares down a further 17.1%. Rival TUI also fell 3.6%.
LARGE AND MID CAP RISERS AND FALLERS
Budget carrier Ryanair descended 3.3% after it booked a 29% fall in annual profit.
The company also delayed delivery of its first Boeing 737 MAX aircraft and guided for flat profits in the current year amid a 'cautious' outlook for ticket pricing.
IT infrastructure product and services provider Softcat gained 2.6%, reversing earlier losses, as it forecast full-year results 'slightly ahead' of previous expectations.
Healthcare investor Syncona gained 1.2% on news that it had founded new cell therapy company Quell Therapeutics with a £35m funding commitment.
SMALL CAP RISERS AND FALLERS
Performance materials supplier Low & Bonar tumbled 24% after it warned on profits and announced the departure of chief executive Philip de Klerk.
London and southeast England focused property investor McKay Securities posted a 70% fall in annual profit, owing to lower rises in the value of its investments. Adjusted profit, however, rose 2.3%, the dividend rose 2.8%. Its shares were unchanged.
Support services firm WYG gained 234.4% on a recommended cash offer of £43.4m from Tetra Tech.
Story provided by StockMarketWire.com
Shares Magazine

Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events

Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.