The FTSE 100 is flat at 7,297.40 suggesting centrist candidate Emmanuel Macron's resounding victory against far-right candidate Marine Le Pen in the French presidential election had largely been priced in by the market.
Mining stocks, which have a significant weighting in the index, are under pressure after uninspiring export numbers from China.
British gas owner Centrica (CNA) slumps 1.1% to 196.5p as it admits it has lost 261,000 domestic customers so far in 2017 as it faces competition from independent, challenger brands. The first quarter update came ahead of today's AGM where chief executive Iain Conn's level of compensation may be in focus.
Food producer Premier Foods (PFD) is up 4.1% to 44.75p as it agrees 'heads of terms' on a strategic partnership with Mondelez International to renew its licence to produce and market Cadbury branded cake and dessert products.
Stockbroker Numis (NUM:AIM) falls 2.3% to 272p as its first half pre-tax profit slumps 38% to £10.5m due to a slowing IPO market. The company also announces founder Oliver Hemsley's departure from the board.
Investors take some profit at oil explorer Hurricane Energy (HUR:AIM) as an independent audit suggests recoverable volumes from its Lancaster field are more than twice as large as previously estimated. The shares are down 3.1% to 62p.
The competent person's report (CPR) puts them at 523m barrels of oil, up 162%. The survey only covers the Lancaster find and does not include other discoveries in what Hurricane calls the 'Greater Lancaster Area'. An audit of these additional resources is expected by the end of the year.
Small cap oil firm Europa Oil & Gas (EOG:AIM) gains 12.5% to 7.88p as its own CPR on acreage offshore Ireland identifies two prospects with prospective resources of 553m barrels of oil equivalent.
Kazakh oil producer Caspian Sunrise (CASP:AIM) falls 18.8% to 8.62p on mixed drilling news and as a key transaction with private firm Baverstock to boost its interest in the BNG licence is yet to be signed off by the authorities in Kazakhstan. We flagged the company's potential in March
