Updates from Imperial Tobacco and Rank Group

Despite better growth from the Eurozone, the FTSE 100 lost 24 points yesterday, drifting to 6,587. The biggest losers were Persimmon, down -3.50% to 1184p and Eurasian Natural Resources, down -3.04% to 229.30p. However RBS climbed +3.51% to 344.70p.

Overnight, the Nikkei slips -2.27% to 13,731 while the Hang Seng rises +0.01% to 22,542.

We commence with Imperial Tobacco and a less than healthy interim for the nine months up to 30 June. There's underlying stick equivalent volume and revenue declines of -5% and -1% with reported stick equivalent volume and revenue declines of -7% and -3%.

But the company confirmed performance is in line with full-year expectations. In terms of key strategic brands outperforming market trends there was underlying volumes decline of -1% and reported volumes were down -4%.

"Whilst opportunities to grow sales in the short term are being impacted by the environment challenges," says chief exec Alison Cooper, "we remain focused on generating high quality returns and sustainable growth from our portfolio."

Next, gaming operator Rank Group. It claims revenues are up +7% to £625m with strong performance at Grosvenor Casinos venues - operating profit is up 16%. The dividend per share climbs +14% to 4.10p.

There's investment of £38.2m principally in Grosvenor Casinos venues and across the Group's UK digital channels, the company claims, plus the completion in May of the acquisition of 19 casinos and 3 non-trading licences from Gala Coral.

However chief exec Ian Burke says the recent hot weather "impacted trading in the first weeks of the new financial year. However, we remain confident in the Group's long-term prospects and see good growth opportunities for our expanded casino estate and digital channels."

Finally, an interim from FTSE 250 property player Derwent London. EPRA net asset value per share increases +8.9% to 2,054p from 1,886p at 31 December 2012 and by +16.0% from 30 June 2012. There's EPRA profit before tax of £28.0m (H1 2012: £26.5m).

Derwent claims there's 345,500 sq ft (32,050m2) of projects to start in the next twelve months, including White Collar Factory, Old Street EC1 with a total pipeline of 2.5 million sq ft (233,000m2).

"Derwent London has had an excellent first half," says chief exec John Burns. "We secured a record level of lettings and rising rents at our brand of well-designed office space. We are seeing particular interest from the UK's expanding creative industries and TMT companies, most notably in London's 'Tech Belt'."