Source - SMW
Stocks in London are mixed in early deals as the FTSE 100 tiptoes lower and the FTSE 250 inches higher. Multiple ex-dividends were a factor.

Cautious traders are looking to the Bank of England's Credit Conditions Survey out mid-morning. At 8.37am, sterling was up 0.47% to $1.2945.

Gold, silver and copper prices were ahead, while crude prices were modestly lower. Key equities indices in Europe were mixed.

Pharmas were lower behind Astrazeneca (AZN), down 4.01% to 4984p, and Shire (SHP), down 1.07% to 4224.25p. 

Oil majors fell after Shell (RDSA), down 0.55% to 2065p. BP (BP.) dropped 0.48% to 448.5p.

Commercial property, leisure and multiple financials were also lower. To the upside, BT (BT.A) added 1.86% to 295.5p.

Supermarkets were tending higher after Tesco (TSCO), up 1.55% to 173.35p, and Morrisons (MRW), up 1.43% to 247.9p.

House builders gained after Taylor Wimpey (TW.), up 1.24% to 179.5p, and Barratt Developments (BDEV), up 0.55% to 592.75p.

Stocks going ex-dividend today included Autins, Halma, Netcall, Primary Health Properties, Safestore, Treatt and VP.

BIGGER MOVERS

Proxama (PROX), up 20% to 0.05p, said a major North American bank has renewed its contract to use Proxama's location technology for a further 12 months.

Arian Silver (AGQ) fell 18.52% to 0.55p after raising £600,000 gross in a placing of 120m units at 0.6p apiece. Each unit comprised one common share and one warrant. Proceeds would go to advancing exploration of its mining concessions at Zacatecas, Mexico.

Dart Group (DTG) fell 8.73% to 606.5p as its FY pretax profit fell to £90.1m, down from £104.2m. Total dividend was 5.272p a share, from 4p. It flagged concerns about potential impacts of Brexit on leisure air travel.

LONDON HIGHLIGHTS

RedT Energy (RED), down 5.71% to 8.25p, said it was focusing on delivering its key projects this year, including installation of the largest energy storage project in Cornwall, pursuing short term orders and building its order book for 2018.   

Marlowe (MRL), up 5.3% to 397.5p, has agreed to acquire Ductclean (UK) Ltd (DCUK) for a total enterprise value of up to £10m, marking its first step into the air hygiene market, and announced an oversubscribed £10m placing.

Thalassa Holdings (THAL), down 4.83% to 69p, has doubled the size of its share buyback after ending talks with a third party interested third party in acquiring 100% of WGP Group Ltd and making an investment in Autonomous Robotics Ltd. 

ASOS (ASC), down 1.57% to 5719p, expects its full-year pre-tax profits to be in line with market forecasts after the strong first half momentum continued into the third quarter.

Capital & Regional (CAL), up 0.91% to 55.5p, expected continued growth in rental income with further capex driven gains in H2. Go-Ahead Group (GOG), up 0.55% to 1736.5p, has agreed to spend £13.4m on a package of performance and passenger improvements on its GTR service.

Other stocks in the news included Telford Homes (TEF), AdEPT (ADT), Fletcher King (FLK), Accesso Technology (ACSO), Mercia Technologies (MERC), Providence Resources (PVR), Union Jack Oil (UJO), Egdon Resources (EDR), LondonMetric Property (LMP), Sunrise Resources (SRES) and Compagnie de Saint-Gobain (COD).