UK stocks open 0.4% lower as trade tensions linger

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UK stocks opened lower on Tuesday, as investors returning from a bank holiday Monday took account of substantial falls in US markets last Friday, while political tensions lingered in Hong Kong.

At 0853, the benchmark FTSE 100 index was down 30.73 points, or 0.4%, to 7.064.25.

US stocks recouped some losses on Monday, though investors remain concerned about strained trade relations between the US and China.

Industrial chain supplier Renold gained 5.7% to 23.95p after an independent investigation confirmed accounting errors, due to 'intentional mis-reporting of financial information', was broadly similar in amount to previous

Cognitive assessment software provider Cambridge Cognition tumbled 45% on warning that it expected to report wider annual losses, on lower revenue and increased costs.

Live Company added 2.3% to 40.9 after it announced it had launched 60 Lego-focused Bricklive shows and events in the current year, achieving a key milestone before an original end-2019 target.

Retailer property investor Supermarket Income REIT gained 1.2% to 106.8p as it announced that it had acquired a Sainsbury's supermarket in Preston, Lancashire from Legal & General for £54.4m.

Retail logistics company Clipper Logistics fell 3.8% to 216.5p on warning that its earnings would fall 'moderately' short of market expectations.

Reabold Resources shed 1.9% to 1.28p, despite claiming that a well in which it had an interest in Romania had produced 'very encouraging' initial results indicative of a gas and oil discovery.

Small molecule drug developer Sareum dropped 4.2% to 0.37p after it forecast a broadly flat loss for the first half, as it continued to develop treatment candidates for cancer and autoimmune diseases.

Oil and gas production company Jadestone Energy fell 3.4% to 53.62p, despite it reporting a rise in half-yearly profits and revenues underpinned by higher oil prices.