Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
UK stocks opened lower on Friday after talks between the UK and Ireland about striking a possible Brexit deal were seen as positive, sending the pound higher and pressuring exporters.
At 0830, the benchmark FTSE 100 index was down 23.75 points, or 0.3%, at 7.163.98.
Hedge fund manager Man Group shed 2.3% to 158.5p on warning that its outlook on fund flows remained 'mixed' amid Brexit uncertainty, while reporting a fall in third-quarter net assets.
Fellow investment group Jupiter Fund Management fell 0.3% to 317p after it reported a fall in third-quarter assets under management, as investors bailed on the company's European growth strategy.
Media production company Entertainment One shed 0.2% to 561.5p, as it reported wider first-quarter losses owing to lower broadcasting and licencing revenues.
Fashion retailer Quiz said it expected to post a 5% fall in first-half revenue amid a difficult trading environment in the UK. Its shares were unchanged at 16.5p.
Interdealer broker TP ICAP added 0.2% to 318.1p after it announced that it had paid a £15.4m settlement to the UK's Financial Conduct Authority, regarding an investigation into trades undertaken between 2008 and 2011.
Self-storage group Big Yellow firmed 1.4% to 1,089p as it received planning permission for a new store in Hove, England.
Chemicals company investor Wilmcote sank 33% after it said talks with potential acquisition target Arclin were cancelled, though the pursuit had cost it a 'material' amount.
The company also said that it was talking to shareholders about potential funding options.
Nostrum Oil & Gas tumbled 31% to 7.29p on announcing that it was unable to sustain a commercial flow of hydrocarbons from a well in Kazakhstan.