The FTSE 100 index closed down 0.6% to 7310 points, amid woes regarding the Chinese real estate market and a drop in the markets on the back of the U.S. Federal Reserve minutes, CMC Markets U.K. Chief Market Analyst Michael Hewson says in a note. "The minutes came across as reasonably hawkish, not altogether surprising given recent commentary from various Fed officials, however there was some surprise that only two members appeared to support keeping rates unchanged," Hewson adds. Retailer Ocado led the top fallers with shares down 5.5%, followed by the defense company BAE Systems, down 4.7% after announcing its plans to buy U.S. industrials firm Ball's aerospace arm, while Entain shares slipped 4.1%. Miners outperformed the index, with Rio Tinto closing up 1.7% leading the the top risers.


BAE Systems Agrees to Buy Ball's Aerospace Unit for $5.55 Bln

BAE Systems said Thursday that it has agreed to buy Ball Corp.'s aerospace business for $5.55 billion in cash.


Rank Group PLC Swung to FY 2023 Pretax Loss Despite Revenue Rise

Rank Group PLC swung to a pretax loss for fiscal 2023 after a significant rise in cost of sales and impairment charges, though revenue rose.


Bank of Georgia 2Q Pretax Profit Rose on Rates Boost; Approves Buyback

Bank of Georgia Group posted a rise in pretax profit for the second quarter of 2023 as higher interest rates boosted its income and approved a 62 million Georgian lari ($23.4 million) share buyback program.


Kin & Carta Adjusted Operating Profit to Beat Market Forecasts

Kin & Carta expects to beat adjusted operating profit market forecasts for the fiscal year as it benefits from a realigned operating model with a lower cost base and improved operational efficiencies.


Empiric Student Pretax Profit Slips on Lower Property Gains

Empiric Student Property reported a fall in first-half pretax profit, driven by fewer gains in the fair value of investment property, but is in a strong position ahead of the new academic year, the company said Thursday.


ITM Power FY 2023 Loss Widened, Revenue Fell; Expects Improvements in New Year

ITM Power's full-year pretax loss widened and revenue fell, though it sees revenue rising and adjusted losses narrowing in the upcoming financial year.


Golden Rock Global Signs Preliminary Deal to Reverse Into 2Mee; Shares Suspended

Golden Rock Global has signed a preliminary deal to buy omnichannel communication platform developer 2Mee for up to 8 million pounds ($10.2 million) in shares.


Robinson Sees 2023 Profit Marginally Ahead Despite Swing to 1H Pretax Loss

Robinson expects its adjusted operating profit for 2023 to be marginally ahead of 2022's and in line with expectations as it sees sales volumes picking up in the second half after soft demand weighed on first-half sales, resulting in a swing to a pretax loss.


Tremor International Shares Slide After Guidance Cut on 2Q Earnings Fall

Tremor International shares fell after it reported a slump in second-quarter earnings and lowered full-year earnings guidance.


Ashington Innovation to Reverse Into Cell Therapy for GBP135M; Shares Suspended

Ashington Innovation has agreed to buy clinical-stage biotechnology company Cell Therapy for 135 million pounds ($171.9 million) in an all-share deal.


Fiinu Continues to Look for Funding as Pretax Loss Widens

Fiinu posted a wider pretax loss for the first half of 2023 on heavier administrative expenses as it continues to seek funding to restart its banking-license application.


Riverstone Energy Launches GBP80 Mln Tender Offer

Riverstone Energy plans to buy up to 80 million pounds ($101.9 million) worth of shares via a tender offer.


Intelligent Ultrasound 1H Pretax Loss Widened Slightly On Costs

Intelligent Ultrasound Group said its pretax loss for the first half of 2023 widened slightly on higher costs related to marketing and inflationary pressures on salaries, which were partly offset by lower expensed research and development.


EN+ Group's Net Profit Fell on External Restrictions, Price Drops

EN+ Group International said its first-half net profit slumped and revenue fell, driven by increasing pressure in global markets and external restrictions, as well as a significant drop in aluminum prices.


Windward Shares Leap on Higher Annual Contract Revenue, Narrowed Loss

Shares of Windward rose 11% after the company reported a rise in annual contract revenue and narrowed losses for the first half of the year as sanctions and regulatory requirements due to the war in Ukraine drove demand for its solutions.


ITM Power Gains After FY Revenue Tops Hopes

1204 GMT - ITM Power shares rise 4% to 91 pence after the clean-fuel and energy-storage company reported better-than-expected annual revenue, though losses were worse than forecast. Revenue in the year to the end of April of GBP5.2 million was "significantly" ahead of guidance of GBP2.0 million, though the company's adjusted pretax loss before interest, depreciation and amortization of GBP94.2m was a touch worse than Peel Hunt's forecast of GBP90.3m, the brokerage says. ITM also issued new guidance, with 2023/24 revenue from commercial projects expected to be between GBP10m-GBP18m, versus Peel's forecast of GBP19.9m, Peel says. "We'll be reviewing and updating our forecasts in the light of the new guidance," Peel analysts write, maintaining their buy rating and 200p price target. (

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(END) Dow Jones Newswires

08-17-23 1240ET