London equities tiptoed lower in early deals with blue-chip resources-linked, financial, tobacco and house building stocks contributing to the overall Brexit-inspired malaise. Traders are jittery over the impact of a so-called 'hard Brexit,' and have a wary eye on sterling, inflation and the UK economy as a result. Pearson (PSON), down 5.02% to 790.75p, led blue chips south as it reiterated its 2016 guidance and said its 2018 goals are unchanged. Royal Mail (RMG), down 1.24% to 490.75p, followed. Tobacco stocks Imperial Brands (IMB), down 1.06% to 3848.75p, and British American Tobacco (BATS), down 1% to 4837.75p, were prominent fallers. So, too, were several house builders guided by Persimmon (PSN), lower 0.88% 1691p, and a number of utilities piloted by National Grid (NG.), off 0.77% to 1059.75p, but others rose. Shell (RDSA) and BP (BP.) slipped south. SSE (SSE), down 0.81% to 1535.5p, has agreed to sell a 16.7% equity stake in Scotia Gas Networks Ltd to wholly owned subsidiaries of the Abu Dhabi Investment Authority (ADIA) for a headline consideration of £621m. At 8.34am, WTI crude was down 0.54% to $50.08/bbl and Brent was down 0.445 to $51.72/bbl. Gold was down 0.03% to $1255.1/oz. Blue-chip risers and fallers were roughly evenly split. Financials falling included Admiral (ADM), off 0.59% to 2014p, and HSBC (HSBC), off 0.57% to 616.05p, however others in this sector made gains, Standard Chartered (STAN) and Provident Financial (PFG) among them. Several pharmas and telecos also softened. A number of miners eked out gains, as did several airlines. BIGGER MOVERS Oilex (OEX), up 23.46% to 0.5p, has executed an agreement with its JV partner, Gujarat State Petroleum Corporation Ltd (GSPC), in the Cambay Field Production Sharing Contract (PSC) on the next planned vertical well in the Cambay Field (Well C-78). Starcom (STAR), down 16.67% to 2.5p, has provided an update on a suit that was filed by Top-Alpha Capital Ltd against CEO Avi Hartmann, COO Doron Kedem and the company and its subsidiaries, as announced on Dec. 3, 2014. Modern Water (MWG), up 14.89% to 6.75p, said its Monitoring Division has received order commitments from customers in the Asia Pacific region, in excess of £550,000, for its range of online toxicity and trace metal monitoring equipment. LONDON HIGHLIGHTS Luceco (LUCE), trading at 146p, has announced the successful pricing of its IPO of 71.6m shares at 130p each, giving it a market capitalisation of about £209.0 million. MySQUAR (MYSQ), up 13.33% to 4.25p, said that, as of Oct. 14, registered users across all apps and games have exceeded 6m. In addition, a new, more sophisticated version of MyCHAT is expected to be released in the fourth quarter of the calendar year 2016. Great Western Mining (GWMO), down 12.37% to 0.42p, has raised £500,000 via a placing of 125m new shares at 0.4p each. Serabi Gold (SRB), up 9.76% to 5.63p, has provided an operational update for Q3 of 2016 on its wholly owned Palito and Sao Chico gold operations in the Tapajos region of Para State, Northern Brazil. Utilitywise (UTW), up 7.75% to 135.63p, has been selected by Asda Stores Ltd as the Walmart-owned supermarket retailer's chosen supplier of Internet of Things (IoT) Building solutions. Sareum (SAR), up 6.82% to 1.18p, said the Japan and Singapore Patent Offices have issued notifications that patents will be granted for inventions associated with Sareum's Aurora+FLT3 kinase inhibitor programme. Marlowe (MRL), up 5.08% to 310p, has acquired Hentland Ltd for a total enterprise value of up to £7.6m on a cash and debt-free basis. W Resources (WRES), up 4.88% to 0.65p, announces the next phase of results from the reverse circulation (RC) drilling programme at the Fast Track Mine (FTM) area of the La Parrilla Mine in Spain. Cohort (CHRT), up 4.14% to 3542.5p, said subsidiary MASS has been awarded a nine-year extension to its managed IT service contract for the Sentry Whole Life Support Programme (WLSP) at RAF Waddington. The support contract is valued at about £12m. Other stocks in the news included Lok'nStore Group (LOK), Bezant (BZT), Kromek (KMK), RedstoneConnect (REDS), Anglo Asian Mining (AAZ), Unite Students (UTG), Helical (HLCL), Zytronic (ZYT), Stellar Resources (STG), UK Oil & Gas (UKOG), Regency Mines (RGM), Solo Oil (SOLO), Elecosoft (ELCO), Plant Health Care (PHC), Interserve (IRV), AB Dynamics (ABDP), Redhall (RHL), LondonMetric Property (LMP), Applied Graphene Materials (AGM), 600 (SIXH), Lekoil (LEK), Wolf Minerals (WLFE) and Tethyan (TETH).