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UK stocks opened modestly lower on Tuesday after weak Chinese producer price data sparked a fall on Asia exchanges.
At 0900, the benchmark FTSE 100 index was down 8.74 points, or 0.1%, at 7.227.07. JD sports jumped 6.7% to 675.0 after its first-half profits rose and it forecast a full-year performance at the top end of its guidance range, notwithstanding some adjustment for new accounting standards. Bovis Homes fell 5.4% to 1001.5p after it announced that it was mulling a bid for Galliford Try's housing business. Galliford Try jumped 15% to 705.14p.
Equipment hire company Ashtead fell 1.6% to 2250p, even as it booked a rise in first-quarter profit and touted further stock buybacks. Trust and fund administration service provider Sanne Group booked a 50% fall in first-half profit, owing to one-off expenses and a contraction in margins.
Disease and allergy test-kit supplier Omega Diagnostics said it had received a second purchase order from its new partner in China.
Recycling company Renewi said it had agreed to sell its Reym industrial cleaning business to the Rremondis for €64m (£57m) including debt.
Video games developer Team17 reported a rise in first-half profit after new games releases, including 'Genesis Alpha One' and 'My Time at Portia', almost doubled its revenue.