London stocks flew south in early deals with banking and financial stocks being heavily sold as trader jitters took a grim view of those sectors in light of the Deutsche Bank saga. Shares on Wall St and in Asia tapered overnight over the same concerns. Barclays (BARC) flopped 3.6% to 161.28p, while Prudential (PRU) lost 3.22% to 1345.75p. Also markedly lower -- by 2.12%-2.99% -- were Aviva, Legal & General (LGEN), Old Mutual (OML), Standard Life (SL.), Standard Chartered (STAN), Lloyds (LLOY) and St James's Place (STJ) Royal Bank of Scotland (RBS), down 3.02% to 171.75p, has today revealed how its legal entity structure is expected to change over the next two years to comply with the UK's ring-fencing requirements prior to 1 January 2019. Soon after the open FTSE 100 was down 108.64 points, or 1.57%, to 6810.78, while FTSE 250 dropped 268.94, or 1.51%, to 17,595.9. At 8.31am, WTI crude was down 1.07% to $47.32/bbl and Brent was down 1.1% to $48.7/bbl. Gold was up 0.1% to $1327.3/oz. Overall, roughly 97 blue chips were lower, encompassing every sector in the blue-chip ladder. Almost 70 of these stocks dropped by 1% or more. Among oil majors, Shell (RDSA) tapered 1.65% to 1892.75p, while BP (BP.) flopped 1.44% to 444.5p. Supermarkets, leisure, consumer goods, supermarkets and miners were notable among the leading southbound blue chips. To the upside, minor gains were eked out by gold specialists Fresnillo (FRES), up 0.66% to 1822p, and Randgold (RRS), ahead 0.54% to 7927.5p. BIGGER MOVERS Vislink (VLK), down 42.19% to 9.25p,has materially widened its H1 pretax loss to £32.2m, from a year-ago loss of £881,000. Write-offs were a key element behind the wider loss. Independent Oil & Gas (IOG), down 36.36% to 17.5p, has announced initial results form its first operated appraisal well on the Skipper oil discovery in the North Sea. It also posted a wider H1 pretax loss of £1.1m, from a loss of £198,000. Kemin Resources (KEM), down 30.77% to 1.12p, has posted a narrower H1 pretax loss. Management have decided to suspend further exploration work until both the Smirnovskoye and Drozhilovskoye licences have been renewed and the work programmes have been agreed with the Kazakh authorities going forward. Alecto Minerals (ALO), down 26.19% to 0.08p, has raised £600,000 via a placing of 800m new shares at 0.075p each. Net proceeds would provide the company with additional working capital to fund its pre-development activities on the ground in Zambia. LONDON HIGHLIGHTS Sigma Capital (SGM), down 17.96% to 68.5p, has agreed terms for a major funding agreement with the Homes and Communities Agency (HCA). It separately booked an H1 pretax profit of £1.22m, from a year-earlier loss of £0.41m. Revenue was £2.8m, from £1.0m. Xtract Resources (XTR), up 16.67% to 0.04p, said the conditional sale agreement to dispose of its 100% interest in the Manica gold project for $17.5m has lapsed due to certain conditions precedent not being met. Clear Leisure (CLP), down 5.13% to 0.93p, said its H1 operating loss fell to €275,000, from €459,000 a year ago. Its loss before tax was reduced to €605,000, from €13.2m. Gameaccount Network (GAN), down 4.55% to 42p, saw gross income increase 21% to £15.9m in H1. Ambrian (AMBR), down 4.76% to 2.5p, has reported a gross profit of $1.80m for H1, on a turnover of $0.57bn, compared with a loss of $3.37m on turnover of $0.92bn last time. Seeing Machines (SEE), up 4.35% to 6p, has appointed publicly traded Thai transport company Kiattana Transport as its distributor in Thailand. It has also appointed safety and risk assessment specialist AutoSense as its distributor in New Zealand. Bacanora's (BCN), up 3.95% to 92p, board has rejected an unsolicited non-binding indicative proposal from Rare Earth Minerals (REM), which has a 19.8% holding in the company. REM's shares rose 0.69% to 0.73p. Iomart Group (IOM), up 3.75% to 287.38p, said H1 trading has been in line with management expectations, with both revenue and profits expected to be materially ahead of the comparative period. LoopUp (LOOP), up 2.03% to 125.5p, has reported H1 revenues of £5.99m, 38% up on last time. EBITDA grew 150% to £1.3m. Sphere Medical Holding (SPHR), up 2.17% to 11.75p, said all four components of its Proxima 4 device have received CE registration, enabling a Europe launch. QinetiQ (QQ.), down 1.61% to 232.5p, has signed an 11-year, £109m contract extension with the UK Ministry of Defence (MOD) to continue to develop and de-risk Royal Navy mission systems and infrastructure through integration and testing at Portsdown Technology Park, Portsmouth, UK. Other stocks in the news included NetScientific (NSCI), Lamprell (LAM), China Nonferrous Gold (CNG), Plus500 (PLUS), Ortac Resources (OTC), Globe Capital (GCAP), Uranium Resource (URA), Dunedin Income Growth Investment Trust (DIG), W Resources (WRES), Savannah Resources (SAV), San Leon (SLE), Tullow Oil (TLW), ImmuPharma (IMM), Entertainment One (ETO) and IG Group (IGG).