Telecoms services providers were at the bottom of the pile in the middle of the week following a disappointing update out of sector heavyweight Vodafone.
European markets drifted slightly lower on Tuesday as weaker-than-expected China data and downbeat consumer sentiment in Germany hit trade.
Investors' focus in the middle of the week would be on the inflation picture in the euro area.
London stock markets closed in a mixed state on Tuesday, as investors juggled fresh economic data from the United States and the latest UK unemployment report.
WPP was on the list of director sells on Tuesday, after its chief financial officer covered their statutory liabilities.
Stocks on Wall Street were trading modestly lower as investors kept an eye out for any headlines from the debt ceiling negotiations scheduled for later on Tuesday.
London’s FTSE 100 was down 0. 4% at 7,746. 98 in afternoon trade on Tuesday.
FTSE 250: 19,255. 18 -0. 02%.
The investor group comprised of NewGAMe and Bruellan - which is opposed to Liontrust’s takeover of Swiss fund group GAM - said on Tuesday that it plans to increase its stake in GAM from 8. 4% to above 10%.
Former Daily Mail & General Trust chief executive officer Paul Zwillenberg has been approached to advise private equity firm BC Partners in a possible bid for Ascential’s consumer data unit WGSN, it was reported on Tuesday.
Telecoms giant Vodafone said it was cutting 11,000 jobs and expected to post flat earnings next year after reporting a decline in annual profits in a performance described as “not good enough” by its chief executive.
American consumers last month resumed their outlays but at a slower than anticipated pace.
Industrial production in the States bounced back last month after two months of flat output, driven by a rebound in factory activity.
The CBI has named Elizabeth Wallace as its interim chief people officer, the troubled business lobby group confirmed on Tuesday.
Horizon Therapeutics tumbled in pre-market trade on Tuesday following a report that its $27. 8bn takeover by Amgen will be challenged by federal regulators.
Bank of America Merrill Lynch upgraded Smiths Group on Tuesday to ‘buy’ from ‘underperform’ and lifted the price target to 2,000p from 1,150p, as it pointed to "hidden value waiting to be realised".
The Eurozone economy grew only marginally in the first quarter, official data showed on Tuesday, in line with expectations.
European markets opened slipped into the red on Tuesday as weaker-than-expected China data and downbeat consumer sentiment in German hit trade.
US stock futures pointed to a muted open on Tuesday as investors eyed further debt ceiling negotiations.
Mkango Resources has entered into an agreement to increase its ownership stake in HyProMag from 42% to 100%, it announced on Tuesday, in a cash and share transaction.
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