By Kit Rees
LONDON (Reuters) - Britain's top share index declined on Monday as big miners and energy stocks fell, though investors welcomed GVC's U.S. betting deal with MGM Resorts.
The blue-chip FTSE 100 <.FTSE> index was down 0.3 percent at 7,679.86 points by 0852 GMT, in line with a broader decline among European stocks at the start of a week where central bank policymaking will be in focus.
Shares in GVC Holdings
GVC's shares hit a record high and were on track for their best day since mid-May.
"A 50/50 JV would enable GVC to benefit from a much larger profit pool in future, and any initial operating losses would likely be compensated for by future market share gains," analysts at Berenberg said in a note.
Elsewhere, shares in Morrisons
More broadly, a decline across materials stocks was the biggest weight. Shares in miners Rio Tinto
Heavyweight oil stocks BP
Earnings reports were the main focus among smaller stocks, with brickmaker Ibstock
Shares in underwriter Hiscox hit a record high after its first-half earnings beat expectations, boosted by higher premiums, while engineering firm Senior said its full-year guidance was unchanged. [nL5N1UQ1RD]
(Reporting by Kit Rees; Editing by Catherine Evans)