The UK’s leading index shed 0.2 percent, down to 6,737, while the FTSE 250 bucked the trend and gained 0.5 percent.
Shares in Shell, which collectively account for around 10 percent of the value of the FTSE 100, are down by 4.2 percent, after the company reported that its earnings were lower than expected, and that net debt is up by $5.25 billion for the last quarter.
Lloyds Banking is also struggling. The company announced that it was trying to make £400 million in cost savings because of the current economy uncertainty. Earnings are down to £4.2 billion for the first half of the year, and shares are trading 4% lower.
Miner Anglo American reported that they had seen pre-tax losses fall by 81 percent, to $364 million, in the six months running up to the 30th June. They have $1.1 billion in free cash flow, and are on track to reduce their debts.
Diageo, the maker of Smirnoff vodka, announced stronger than expected results for the year leading up to June, with good organic growth and free cash flow. Ivan Menezes flagged a number of improvements relating to the company’s scotch and beer products.
Smith and Nephew, however, slipped by 4.4 percent, after reporting falling demand for their wound care products in China and the Gulf.