The FTSE slipped into negative territory amid weakness in the mining sector, pushing the index 10 points lower in early trading to 7,375 in early trading.
The market is concerned about Sirius Minerals’ (SXX) higher capital requirement estimates on its potash developmeny, offsetting two new major contract wins as the shares slid 20.1% to 26p.
Dixons Carphone (DC.) fails to achieved any gains at 164.5p as like-for-like revenue is flat in the first quarter.
While the World Cup boosted demand for consumer electronics, struggles in its mobile segment continued.
Train operator Go-Ahead (GOG) accelerates 9.5% to 791p as operating profit beats expectations thanks to a better than expected performance in its rail business and improved trading in the bus division in London.
Industrial firm Melrose (MRO) reports an operating loss of £256m, down from a profit of £58m as acquisition-related costs from the prolonged takeover of GKN made an impact. Investors focus instead on a hiked dividend and ‘significant potential’ for GKN as the stock rallied 5% to 233.7p.
Housebuilder Bovis Homes (BVS) announces annual profit is anticipated to hit the upper end of expectations thanks to surging first half profit, pushing the shares 1.9% to £11.53.
There was also good news from peer McCarthy & Stone (MCS), up 1.7% at 113.8p, as a 10% jump in average selling prices to approximately £300,000 boosted revenue in the year to 31 August.