The FTSE 100 is down amid weak consumer confidence data - falling 0.6% to 6,942.58.
Royal Bank of Scotland (RBS) gives back earlier gains to trade down 1.1% to 194.2p as it posts a third quarter loss at the headline level - obscuring the fact adjusted operating profit came in at £1.3bn, up from £1.1bn the year before and beating company-compiled consensus of £734m.
British Airways and Iberia operator International Consolidated Airlines (IAG) is among only a handful of gainers on the blue chip index, gaining 1.4% to 419p on solid third quarter earnings and new profit guidance for 2016. Chief executive Willie Walsh says the business currently expects to deliver a 2016 operating profit of around €2.5bn (£2.2bn).
Aerospace and defence engineer Senior (SNR) dips a further 1.8% to 174p as analysts at Berenberg take the red pen to earnings estimates following a profit warning on 20 October. Double digit downgrades across the next three years see earnings per share estimates fall to 14.2p in the year to 31 December 2016 and 15.2p and 18.0p the two years after.
Premium drinks minnow Distil (DIS:AIM) gains 3.7% at 1.4p on encouraging half year results, the Blavod black vodka, RedLeg Spiced Rum and Blackwoods Gin brands owner reporting 26% top line growth and a 26% reduction in operating losses, revenue progress driven by a growing number of stockists across all trade channels.
