A 3% crash in oil prices hit giant Royal Dutch Shell (RDSB), which slumped 2.7% to £21.39. The blue chip index slid 1% lower to 6,845.
Financial stocks also suffered with Standard Chartered (STAN) down 3.8%, while Royal Bank of Scotland (RBS) and Barclays (BARC) declined by 2% on banking concerns in Europe.
Gold rallied 1.4% to $1,304 per ounce and copper declined 0.4% to $4,872 per tonne.
FTSE 100 RISERS AND FALLERS
High street retailer Next (NXT) trimmed its full year guidance for sales growth from -2.5% to 2.5% to -1.75% to 1.25%.
Shares in housebuilder Persimmon (PSN) nudged higher on reports its private sales were up 19% year-on-year in the period since 23 August, which suggested a limited impact from the Brexit vote.
Emerging markets focused bank Standard Chartered (STAN) remained under pressure following yesterday’s weak update and revelations of an investigation into an IPO it handled in Hong Kong.
FTSE 250 RISERS AND FALLERS
Pharmaceutical company Indivior (INDV) raised its full-year guidance to reflect faster market growth in the US, increasing net revenue from $1,000m to $1,030m to $1,060m to $1,075m.
Security firm G4S (GFS) delivered good news as the company’s organic growth and productivity programmes produced double-digit growth in earnings and operating cash flow.
Cheap pub chain JD Wetherspoon (JDW) reported slowing growth in recent weeks and said it anticipates higher costs in the rest of its financial year. The company previously shrugged off any impact from the Brexit vote.
Corrugated packaging firm Smurfit Kappa (SKG) pleased investors as its third quarter exceeded expectations and the firm reduced its borrowings.
SMALL CAP RISERS AND FALLERS
Shares in Legendary Investments (LEG) soared 57.7% to 0.33p after government owned joint-venture NHS SBS partnered with Virtualstock for the provision of its technology to improve efficiencies and reduce costs in NHS procurement.
Victoria Oil & Gas (VOG) said its subsidiary announced the spudding of development wells La-107 and La-108 in the Logbaba gas field in Douala, Cameroon.
Medical technology firm LivaNova (LIVN) narrowed its range for earnings per share guidance for the full year, causing the stock to trade 15.2% lower.
Miner BlueRock Diamonds (BRD) raised £750,000 via a shares placing, which will be used to target production levels of 30,000t per month at a reduced cost.
Potash producer Sirius Minerals (SXX) said it will sell discounted shares to raise £0.98bn to bring its Yorkshire potash mine into production.
Investment company Pires Investments (PIRI) raised £525,000 through a share placing, which will be used for working capital and investments.
Investors jumped ship after life sciences group Abzena (ABZA) announced that Gilead would no longer pursue the further development of its prospective product simtuzumab.
Food producer Kerry Group (KYGA) traded 4.4% higher on solid third quarter numbers, which saw full year guidance reiterated.
Global nutrition business Glanbia (GLB) revealed a positive third quarter update as its full year outlook signalled earnings and margin improvement compared to 2015.
Natural gas explorer Sound Energy (SOU) gained 6.3% to 84.2p on better than expected rates of production from a flow test on its TE-7 well on the Tendrara licence in Morocco.
Gold miner Caledonia Mining (CMCL) warned earnings will fall short of expectations due to currency movements and a big increase in its share price which ‘resulted in an increase in share-based expenses’.
The market responded warmly to retail logistics specialist Clipper’s (CLG) click and collect services joint venture with department store John Lewis.
Embattled retailer GAME Digital (GMD) was in negative territory after Deloitte resigned as auditor, leaving the bean counters at BDO waiting in the wings.
Story provided by StockMarketWire.com