Global equities decline on weaker than expected US jobs data
Source - SMW
Weak economic data from the US and China weighed on global equities, as they added to concerns over global growth. The FTSE 100 fell 0.7% to 7,104.
US jobs data was weaker than expected after disappointing Chinese export numbers overnight.
On Wall Street, investors were downbeat as the Dow Jones fell 0.4% to 25,365 by around 5pm UK time.
Brent crude oil dropped 2.3% to $64.77 per barrel.
LARGE AND MID CAP RISERS AND FALLERS
GVC chief executive officer Kenny Alexander and chairman Lee Feldman collectively sold nearly £20m worth of stock in the company, prompting a 14% drop to 588.5p.
Shares in rivals Paddy Power Betfair and William Hill were also down on fears of further UK regulation in the gambling sector.
Plastic packaging company RPC fell 1.5% on news that it had agreed to a £3.34bn takeover bid from Berry Global International Holdings that trumped a rival offer from Apollo Management.
Shares in Bodycote rose 6.7% to 832p following a double-digit increase in 2018 pre-tax earnings.
Building materials supplier SIG jumped 8.4% to 132.5p as it swung to an annual profit, despite falling sales, thanks to improved margins.
Pharmaceutical giant GlaxoSmithKline revealed that its ViiV Healthcare joint venture with Pfizer had recorded positive results from two clinical trials of an injectable two-drug regime for the treatment of HIV. GlaxoSmithKline shares gained 0.2%.
Outsourcing company Serco fell 1.5% to 133.6p, despite announcing that it had signed a contract worth up to $200m to provide field office support services to the US Pension Benefit Guaranty Corporation.
Computer services provider Computacenter gained 0.9% following news that it had appointed current director Peter Ryan as its new chairman, to replace Greg Lock.
Polymetal International said its annual ore reserves had increased 15% amid the further development of its assets in Russia. Its shares gained 1.2%.
SMALL CAP RISERS AND FALLERS
Sub-prime lender Non-Standard Finance, which had made a £1.3bn hostile takeover bid for rival Provident Financial, dipped 0.7% to 59p after it reported narrowing losses and higher underlying profits.
Struggling department store chain Debenhams jumped 15.6% after Sports Direct boss Mike Ashley moved to appoint himself to the company's board in an executive role -- and oust nearly all the other directors.
Sports Direct currently owns around 30% of Debenhams, which said it was 'disappointed' with Ashley's move.
Cold storage group Norish gained 1.5% to 66p after it posted an 18% rise in annual profit, even as sale slipped, as cost cutting helped expand margins.