Chinese growth worries and potential no-deal Brexit weigh on FTSE
Source - SMW
The FTSE 100 failed to gain any positive momentum as jitters over slowing growth in China and stronger sterling on a perceived lower risk of a no-deal Brexit weighed on performance.
Among the biggest fallers were oil majors Royal Dutch Shell, down 1.3%.
The blue-chip index dipped 0.3% to 6,872 around midday.
Brent crude oil was up 0.8% at $62 per barrel.
MID AND LARGE CAP RISERS AND FALLERS
UK fashion brand Burberry rose 1.3% after its same-store sales in the third quarter slowed from a year earlier to 1%.
Plastic packaging supplier RPC added 4.6% on news that it had accepted a £3.32bn takeover bid from private equity firm Apollo Management.
Pub chain JD Wetherspoon was broadly unmoved at £11.94 as it warned rising costs would offset a bumper sales performance to send its profits lower.
Book, stationary and snack retailer WH Smith gained 2% after it boosted year-to-date sales by 6%, buoyed by strength in its travel division.
Challenger bank Metro Bank tumbled 30.3% to £15.34, despite it forecasting a more than doubling in annual profit, as profit 'softened' in the last quarter.
Computer services provider Computacenter rallied 11.4% to £11.34 as it forecast annual profits ''marginally ahead' of its expectations.
Asset and corporate services provider Sanne slumped 16.3% on announcing the departure of its CEO amid a profit performance expected to be 'broadly in line' with its expectations.
SMALL CAP RISERS AND FALLERS
Lifestyle fashion retailer Joules dipped 0.2%, even as it posted a 15% rise in underlying first-half profit.