The UK is a nation of shoppers unfazed by the EU referendum result when spending on plastic, says a trade body representing the major banks.
The FTSE is being dragged lower by the mining companies, which have been hit by the sliding price of oil and other commodities. Glencore is the biggest faller, down 4.3% after reporting a sharp drop in first-half profits.
Mining shares are leading the market lower, with Glencore under pressure after a sharp drop in first half profits. The company reported a 13% drop in underlying profits to $4bn, but said its disposal programme was on track.
AstraZeneca today announced that it has entered into an agreement with Pfizer Inc. to sell the commercialisation and development rights to its late-stage small molecule antibiotics business in most markets globally outside the US*.
WPP shares jumped more than 5 per cent to a record high after the world's biggest advertising group reported strong growth in the first half of 2016 and shrugged off the effects of a vote to leave Europe in its home market in the UK.