The FTSE 100 declined 0.2% to 6,714 due to a slump in banking stocks on news that Deutsche Bank faces a $14 billion fine in the US.
West Texas Intermediate (WTI) crude oil fell 1.7% to $43.16 and Brent crude oil declined 1.8% to $45.76 per barrel, respectively.
Gold was flat at $1,312 per ounce and copper rose to $4,740 per tonne.
Royal Bank of Scotland (RBS) was the biggest faller, trading 4.7% lower, while Standard Chartered (STAN) and Barclays (BARC) fell 3.2% and 2.9%, respectively.
MID CAP RISERS AND FALLERS
Insurance services provider Phoenix (PHNX) confirmed it is evaluating a possible acquisition of Abbey Life Assurance.
SVG Capital (SVI) traded 5% higher after its first half pre-tax profit soared from £20.3 million to £119.6 million.
SMALL CAP RISERS AND FALLERS
Acacia Mining (ACA) became one of the biggest fallers on the London Stock Exchange after being unable to run the processing plant at Bulyanhulu consistently following a planned two-week shutdown of the vertical shaft.
UK bowling operator Hollywood Bowl revealed the offer price for its upcoming IPO at 160p, which implied a £240 million market cap when it joins the Main Market.
Kibo Mining (KIBO) signed a Memorandum of Understanding with General Electric concerning the development of the Mbeya Coal to Power project, pushing shares 9.1% higher.
Distribution and aviation services outfit John Menzies (MNZS) was up 5% to 621.5p after announcing a £75 million rights issue to fund the purchase of commercial airline services provider ASIG from BBA Aviation for $202 million. Shares in BBA rose 2.5%.
Software firm Intercede (IGP) plummeted 33.3% to 61p after a profit warning due to delays in orders for its credential management system MyID.
Avanti Communications (AVN) advanced 6.7% following progress with a strategic review to address its balance sheet issues and a new contract with the European Space Agency to provide satellite broadband in Sub-Saharan Africa.
Waste management firm Shanks (SKS) nudged higher as it revealed an extension to the exclusivity agreement on its proposed merger with Dutch rival VGG and in-line trading.
Veterinary medicines specialist Dechra Pharmaceuticals (DPH) confirmed the acquisition of Australian firm Apex Laboratories for $55 million, which will offer direct access to a ‘companion animal product market’.
Animal drug company Eco Animal Health (EAH) climbed 13.1% to 497.5p on significantly higher year-on-year sales in the first five months of its financial year and signalled a currency tailwind from sterling weakness.
Transformer oil recycler Hydrodec (HYR) traded 12.3% lower despite a 148% increase in revenue from its core re-refining business, which reflected full commissioning of its new plant in Canton, Ohio.
News that cancer-focused therapy developer Scancell (SCLP) needed to raise cash to take its three pipeline treatments through clinical studies sent the stock lower.
Solo Oil raised £2 million through the issue of over one billion shares in a company sponsored placement to a single institutional investor Epsilon, which will be used to fund the firm’s share of the Ntorya-2 well in Tanzania.
Paternoster Resources (PRS) reported pre-tax profit climbed from £0.3 million to £0.4 million following significant gains from its investments.
Thor Mining (THR) completed the exploration drilling programme at the Molyhil Tungsten project. Investors were pleased that traces of tungsten were recorded by on site XRF analyses from two holes northwest of the existing resource.
Story provided by StockMarketWire.com