- UK stocks are falling on Thursday following heavy losses on Wall Street after the Federal Reserve cut interest rates for the first time in a decade.

At 08:58, the benchmark FTSE 100 was 0.13%, or 10.07 points, lower at 7,576.71.

Royal Dutch Shell fell 4.22% to 2,484.50p after it posted a drop in earnings in the first half of 2019, reflecting lower realised oil, gas and LNG prices, as it announced the next tranche of its share buyback programme.

Rio Tinto fell 2.64% to 4,574p even as it said it would pay a special dividend of $1bn after posting an 11% increase in underlying earnings (EBITDA) in the first half of the year as higher iron ore prices offset lower volumes and higher costs.

The London Stock Exchange jumped 5.25% to 6,974.00p after it said it had agreed terms to acquire Refinitiv for $27bn. The company also reported a slight uptick in half-yearly profits led by strong performances in its informational services and clearing businesses.

Renishaw dropped 4.91% to 3,664.77p after it posted a fall in full-year revenue and profit amid 'challenging economic conditions', including US-China trade tensions and Brexit, and said it expected market conditions to remain difficult.

Schroders was little changed at 0.03% higher at 2,974p after it reported a 5% drop in net income in a 'challenging' market and as as more cash left the company than came in in the first half of the year.

Standard Chartered climbed 3.81% to 702.60p after it posted an increase in profits for the first half of 2019 and said it was 'confident' it could achieve targets outlined in February. However, it warned of uncertainty surrounding trade and geopolitical risks.

Barclays added 3.02% to 158.74p as it hiked its dividend by a fifth after reporting a rise in half-yearly profits as lower litigation costs helped boost performance, easing the pressure from a challenging income environment.

GlaxoSmithKline rose 0.38% to 1,709p after it said it had completed its transaction with Pfizer to combine their consumer healthcare businesses into a joint venture.

Insurer RSA climbed 2.85% to 576.60p as it reported an increase in first-half operating profits, driven by strong performance in its Personal Lines business.

Coats Group slipped 0.38% to 79.45p even as it reported a rise in profits on improved margins despite mixed conditions in underlying retail and industrial markets.

ConvaTec Group surged 13.84% to 177.70p even as it reported a fall in profits on lower revenues and increasing costs as the company ramped up investments to support its turnaround.

Vodafone added 1.32% to 152.06p after it said it had completed the acquisition of Liberty Global's operations in Germany, the Czech Republic, Hungary and Romania for €18.4bn, making it Europe's leading converged operator.

Satellite communications company Inmarsat edged 0.91% higher to 577.80p after it reported narrower losses in the first half of the year, led by growth in its aviation and government segments.

Capita surged 14.54% to 133.50p even as its half-yearly profits fell on a decline in revenues as the company continued efforts to restructure its business to control costs and pay down debt.

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