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FTSE 100 recovers from its lows
After earlier being dragged sharply lower by the mining sector the FTSE 100 clawed back some respectability after a steady US open. By the close the index was down 0.6% but back above the 7,500 mark, while the S&P 500 was broadly flat by 4.30pm UK time.
Sterling enjoyed a modest recovery as Boris Johnson entered Number 10.
Rio Tinto, BHP and Anglo American fell 4.5%, 4% and 3.1%, respectively after Brazil's Vale resumed iron ore production, alleviating supply pressures which have propped up prices in this market.
LARGE AND MID CAP RISERS AND FALLERS
Aston Martin tumbled 24% after it warned on earnings, blaming pressure on its wholesale business caused by economic uncertainty.
Television broadcaster ITV rallied 6.9% after a 5% fall in first-half advertising revenue nevertheless beat its expectations amid the popularity of hit show Love Island.
Standard Life Aberdeen added 1.1% after it agreed a final settlement with Lloyds related to a dispute over an unwanted termination of its asset management arrangements with the bank.
Standard Life Aberdeen would receive a £140m settlement payment from Lloyds and still get to manage about a third of the original assets.
Pub owner Marston's dropped 11.3% after it announced that weaker revenue in the past 16 weeks had limited like-for-like sales gains in its financial year to date to just 0.5%.
Drinks maker Britvic gained 0.4% as it reported a fall in third-quarter revenue amid a more challenged performance in France and Ireland.
Vodafone gained 0.9% after it released more details of a 5G network sharing plan in the UK with O2 Telefonica.
Property investor and developer Segro gained 2.7% despite it posting a 28% fall in first-half profit owing to property revaluations. The company also posted higher adjusted earnings, boosted by higher rental income, and hiked its interim dividend 14%.
SMALL CAP RISERS AND FALLERS
North Sea oil firm RockRose Energy gained 122.1% as it emerged from suspension following its £70m reverse takeover of assets from US outfit Marathon Oil.
Wealth manager Rathbone Brothers gained 1.8% as its first-half profit more than halved amid one-off costs associated with acquisitions and greater outflows from its funds.
Payments services group Paypoint gained 1.9% after it posted 3.6% growth in first-quarter revenue, driven by an increased site rollout.