Source - SMW
London stocks began firmly on the back foot Monday, taking cue from Asia this morning and Wall St overnight Friday as Brexit jitters again grabbed traders' attentions. 

All sectors were lower; 97 blue-chip stocks had lost traction, more than half of these by greater than 1%.

FTSE 100 was down 67.55 points, or 0.98%, to 6841.88 and FTSE 250 shed 220.49, or 1.23%, to 17,702.6.

Intercontinental Hotels (IHG) dived 4.02% to 3153p to lead the top-100 pack lower. 

It was followed by house builders Taylor Wimpey (TW.), off 3.31% to 150.35p, Barratt (BDEV), lower 2.77% to 483.45p, and Persimmon (PSN), down 2.69% to 1788.5p.

Insurers were down after Prudential (PRU), off 2.5% to 1372.75p, and banks traced Lloyds (LLOY), reversing 2.66% to 54.49p. Resources figured southbound, as did pharmas.

Commercial property tapered, as did supermarkets, investment specialists, leisure stocks, utilities and consumer goods.

At 8.42am, WTI crude was up 0.27% to $44.6/bbl and Brent was up 0.15% to $45.96/bbl. Gold was down 0.13% to $1339.9/oz.

The market continues to be engulfed by Brexit concerns, these focused on when and if it happens, the legality of triggering Article 50, and the economic and commercial fallout.


SpaceandPeople (SAL), down 29.11% to 28p, has swung to an H1 pretax loss of £174,000, from a year-earlier profit of £62,000. Revenue was lower at £4.6m, from £4.8m.

Zoltav Resources (ZOL), up 28.57% to 31.5p, booked a maiden H1 pretax profit of $1.6m, from a year-ago loss of $2.5m. This was achieved from an excellent operational performance and cost-optimisation.

CSF Group (CSFG), ahead 14.94% to 1p, intends to seek shareholders' approval to cancel the admission of its ordinary shares of 10p each to trading on AIM. North River Resources (NRRP), lower 11.11% to 12p, posted an H1 pretax loss of £1.30m, from a loss of £1.38m a year earlier. 


Greatland Gold (GGP), up 8.11% to 0.2p, has agreed to acquire the Havieron gold project in Australia for an initial A$25,000 in cash and 65.5m shares worth about A$225,000, plus a second payment, triggered upon a decision to mine, of 145.5m shares, worth about A$500,000.

Active Energy Group (AEG), up 7.27% to 2.95p, has posted an H1 gross profit up 50% to $1.840m, from $1.227m a year ago, as a result of improved purchasing conditions and stable prices.  

Savannah Resources (SAV), down 6.96% to 3.68p, has raised about £1.42m gross via the placing of 28.2m new shares and subscription for 12.5m new shares at a placing price of 3.5p each.

Egdon Resources (EDR), up 5.36% to 14.75p, says a competent person's report has independently confirmed the commercial viability of the Wressle field development.

Concepta (CPT), up 5.13% to 20.5p, has signed a manufacturing agreement with Shijiazhuang Huanzhong Biotech Ltd to assemble and package Concepta's 'My Lotus' fertility product.

Lamprell (LAM), up 4.89% to 67.13p, has received a new contract award from Jacktel AS, a subsidiary of Master Marine AS, for the upgrade of the mobile operating unit 'Haven' as an accommodation service vessel for the Statoil 'Johan Sverdrup' field, offshore Norway.

Metal Tiger (MTR), down 4.55% to 3.15p, has reported a total (Indicated & Inferred) Mineral Resource Estimate of 28.36Mt @ 1.24% Cu & 15.7g/t Ag for the T3 Prospect.

Allergy Therapeutics (AGY), down 4.08% to 17.63p, has reported a significant progress made towards becoming a global provider of allergy solutions in the year to the end of June.

Tullett Prebon (TLPR), down 1.08% to 356.1p, said that Ken Pigaga, Global Chief Operating Officer of ICAP plc, has decided not to take up the position of Director and Chief Operating Officer of TP ICAP. An announcement on that role would be made in due course.

Other stocks in the news included Gemfields (GEM), MJ Gleeson (GLE), City of London Group (CIN), RM2 Int'l (RM2), Redcentric (RCN), Avnet (AVT), Adamas Finance Asia (ADAM), Victoria Oil & Gas (VOG), W Resources (WRES), Condor Gold (CNR), Water Intelligence (WATR), Regal Petroleum (RPT) and Lifeline Scientific (LSIC).

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