- With markets spending Monday in the red on weak Eurozone PMI surveys, the FTSE 100 index spent the bulk of the session at a loss. However, the decline was moderated by losses for the pound due to Brexit anxiety and outperformance from airlines as investors looked to possible winners in the wake of the collapse of Thomas Cook.

At 16.35, the benchmark FTSE 100 index closed 18.84 points or 0.26% at 7,326.08.


Struggling travel company Thomas Cook went into liquidation on Monday morning and said thousands of customers abroad would have to be repatriated. It shares remained suspended from trading at 3.45p.

Another big player in the field, TUI, climbed 6.3% to 893.4p, as investors welcomed the removal of its arch-rival from the market.

Clothing and food retailer Marks & Spencer fell 3.8% to 188.4p on announcing that chief financial officer Humphrey Singer had decided to stand down, at a date that had yet to be determined.

Sports Direct finished 0.2p lower at 279.4p after it confirmed that it had approached small-sided football group Goals Soccer Centres with a possible offer of 5p per share.

The sportswear retailer already owns about 18.9% of Goals, which is currently suspended from trading after the discovery of accounting errors in its books.

Pharmaceuticals company AstraZeneca climbed 14p to £71.81 after a diabetes treatment was recommended for marketing authorisation in the EU.


Light commercial vehicle hire company Northgate rose 5.8% to 320p on announcing that it had launched a strategic review under recently-appointed chairman Avril Palmer-Baunack.

The company also said that it was trading in line with expectations, but added that it remained cautious on its outlook, given Brexit-related uncertainty in the UK.

Thomas Cook's smaller competitor On the Beach added 8% to trade at 410.2p, even as it announced that it would take a one-off charge related to the travel agent's collapse.

People-screening technology provider Thruvision ticked up 2.6% to 27.6p as it won a $3m contract from US Customs and Border Protection.

Online womenswear lifestyle brand Sosandar skipped 6.2% higher to 17.12p on a short trading update that reassured the market that the momentum in the business continues.

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