FTSE 100 flat after ECB rate decision

The FTSE 100 was flat at 7,026 after the European Central Bank left interest rates unchanged.

Big banks Barclays (BARC) and Royal Bank of Scotland (RBS) gained over 3% in response to the news, while Standard Chartered (STAN) rose 1.8%.

West Texas Intermediate (WTI) crude oil dropped 2% to $50.57 and Brent crude oil slumped 2.3% to $51.46 per barrel, respectively.

Gold declined 0.2% to $1,265 per ounce and copper cheapened 0.8% to $4,585 per tonne.

FTSE 100 RISERS AND FALLERS

Shares in miner Rio Tinto (RIO) dipped lower despite strong third quarter production figures. Iron ore output was 2% higher than a year ago, while copper and aluminium production both experienced double-digit increases.

FTSE 250 RISERS AND FALLERS

A profit warning from components and systems maker Senior (SNR) caused shares to fall 12.5% to 176.9p. The engineer warned its aerospace division was impacted by a slower than expected ramp up in new programmes, supplier issues and price increase discussions, while its flexonics arm encountered weakness in the oil and gas and truck markets.

Ground engineering group Keller (KLR) crashed 27.2% to 644.5p after cautioning full year results will be approximately 15% below market estimates, mainly due to underperformance in its Asia Pacific division.

Shares in IT assurance business NCC (NCC) collapsed 35.9% to 221.5p as CEO Rob Cotton warned of various setbacks in the assurance division, including three large contract cancellations, would impact profitability between the first and second half of the financial year.

Investors were pleased with digital loans provider International Personal Finance (IPF) following 9% growth in credit issued for the third quarter. This was driven by a return to growth in Mexico, a good performance in Southern Europe and a strong performance from its digital business.

CEO of airport food seller SSP (SSPG) Kate Swann announced a joint venture to take her charge into the Indian travel food and beverage market.

SMALL CAP RISERS AND FALLERS

Quantum Pharma (QP.) raised £15m through an accelerated bookbuild with new and existing shareholders.

Specialist engineer Hayward Tyler (HAYT) warned that revenue in the first half of 2017 is expected to result in an operating loss for the half year of approximately £5.5m. Shares in the firm dropped 15.4% to 77p.

Investors were spooked by GB Group’s (GBG) trading update, which revealed the roll-out of the GOV.UK Verify project was slower than initially anticipated.

Shares in Georgia Mining (GEO), previously known as Noricum Gold, were up 8.3% to 9.75p after reporting high grades from its drill programme, which suggests a significant resource at the Kvemo Bolnisi project.

Regulatory reporting software solutions provider Lombard Risk Management (LRM) reached a record first half revenue of £15.2m, which is 41% higher than £10.8m in 2015. Shares climbed 17.7% to 8.53p.

IXICO (IXI) signed a new $1.2m contract with a top phama company for advanced imaging clinical trial services for the rare neurodegenerative disease, progressive supranuclear palsy.

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