London equities are barely moved, albeit with a slight southbound bias as a mixed bag of blue-chip sectors weighed on proceedings amid lower oil and gold prices after the US Thanksgiving break.
TUI (TUI) led the FTSE 100 gang down with a 1.42% fall to 1042p, and was chased by several other leisure stocks. It was followed by Lloyds (LLOY), off 0.94% to 59.12p, and Sainsbury (SBRY), down 0.93% to 233.8p.
Oil majors Shell (RDSA), off 0.48% to 2011.25p, and BP (BP.), down 0.48% to 456.63p. House builders were guided down by Taylor Wimpey (TW.), lower 0.74% to 146.8p. Commercial property was also retreating. Land Securities (LAND) ebbed 0.52% to 964.5p.
Soon after the open, FTSE 100 was down 0.07 points, or 0.0%, to 6829.13, while FTSE 250 eased 3.93, or 0.02%, to 17,586.7. At 8.30am, WTI crude was down 0.92% to $47.52/bbl and Brent was down 0.86% to $48.58/bbl. Gold was down 0.2% to $1186.9.
Overall, blue-chip fallers outnumbered risers about 72 to 28. Also lower were more supermarkets, high-street retail, utilities, pharmas, telecos and insurers, but a good number in these sectors also advanced.
Miners were broadly firmer behind Rio Tinto (RIO), up 0.94% to 3132.25p. BHP Billiton (BLT), up 0.79% to 1371.75p, has approved further financial support for Samarco. The amount of $181m has been approved to fund the remediation and compensation programs identified under the framework agreement which the Renova Foundation governs and oversees.
Triad Group (TRD), up 25.96% to 65.5p, posted an H1 pretax profit up 221.9% to £0.69m, on revenue up 16.4% to £14.83m. "We have seen significant improvement across all our key performance indicators," it said.
Constellation Healthcare Technologies (CHT), up 25.27% to 233p, has agreed a recommended acquisition by the parent, CHT Holdco LLC, through its wholly owned subsidiary CHT Merger Sub, Inc. CHT shareholders would be entitled to receive $2.93 in cash and $0.43 in promissory notes for each common share.
Regency Mines (RGM), up 15.79% to 0.55p, has signed a Heads of Terms to acquire a significant shareholding in Carbon Minerals Corporation, a Delaware Company that has entered into an agreement to acquire the Rosa metallurgical coal mine in Alabama.
Fastjet (FJET), down 15.63% to 13.5p, said chairman Colin Child has resigned after the company confirmed it needed to raise further capital and expected to initiate a fundraising exercise, which it planned to complete in Q1 2017.
Ithaca Energy (IAE), down 8.29% to 83p, said activities on the offshore commissioning programme for the FPF-1 floating production facility are well advanced and preparation for start-up of the Stella field is on-going. During routine inspections, faults on a number of electrical junction boxes on the vessel's processing facilities have been identified and a programme of necessary repairs is underway.
CloudTag (CTAG), up 10.29% to 9.38p, has entered into an agreement with Griffin International Companies Inc, which is part of the CITIES Market Studios Group. CITIES would act as the company's sole and exclusive sales representative to sell its products to customers identified by CITIES.
Zambeef Products (ZAM), down 7.01% to 18.25p, has swung to a FY pretax profit of $12.4m, from a year-ago loss of $5.0m, with chairman Jacob Mwanza commenting the company is entering a new era.
Lamprell (LAM), up 6.12% to 84.63p, has won a new contract award from ScottishPower Renewables for the fabrication of multiple jackets and piles for the East Anglia One Offshore Wind Farm.
InnovaDerma (IDP), up 5.33% to 79p, has raised £539,999.60 gross via a placing of 771,428 new shares at 70p each with new institutional shareholders. Pennon Group (PNN), up 1.36% to 821p, has improved its H1 pretax profit to £128.1m, from £106.8m. Revenue was £685.5m, from £689.1m. Dividend was 11.09p a share, from 10.46p.
Sound Energy (SOU), up 0.31% to 81.75p, has raised a total of £26.9m through excess applications for its institutionally underwritten offers yesterday to raised £24.1m.
Egdon (EDR), up 2.65% to 14.5p, said its open offer for up to about £2.06m at 13.5p a share was 1.3-times oversubscribed and valid acceptances have been received in respect of the entirety of the open offer shares.
Exillon Energy (EXI), up 0.97% to 118.13p, said output averaged 12,119 barrels per day in October. Average daily production for Exillon Timan-Pechora was 2,726 bpd, and for Exillon West Siberia it was 9,393 bpd during the period. Peak daily production was 12,659 bpd.
Other stocks in the news included Caffyns (CFYN), Manx Financial Group (MFX), John Laing Environmental Assets (JLEN), Sierra Rutile (SRX), Kimberly Enterprises (KBE) and London & St Lawrence Investment Co (LSLI).