FTSE LIVE: Saudis deny shelving Aramco float; Fulham Shore bucks restaurant blues

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FTSE CLOSE: Saudis deny axing Aramco float; The Real Greek and Franco Manca owner bucks restaurant blues; US and China step up trade barriers

The FTSE 100 closed down 11.02 points at 7563.22 and the pound was at $1.28 against the dollar.

Saudi Arabia has insisted it ‘remains committed’ to a two trillion US dollar stock market listing of oil giant Saudi Aramco, despite reports suggesting it has been abandoned. The listing, which would have been the biggest IPO in history, has been beset with delays.  

Franco Manca and The Real Greek restaurant group Fulham Shore has reported ‘encouraging trading’ in the first half of the year, helped by a rise in the number of diner transactions and menu ‘innovation’. 

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