Washington may announce further sanctions against the Russian Federation as soon as Wednesday, including against a key gas pipeline.
In all likelihood, all eyes on Thursday will be on the ongoing crisis in Ukraine, with investors trying to anticipate what the next turn in events might hold.
Stock markets across Europe yielded their earlier gains in late afternoon trading, amid talk regarding the potential for further sanctions from the West on Russia.
London stocks were mixed again at the close on Wednesday, with the top-flight index helped along by well-received results from Barclays, while investors kept an eye on developments in the Russia-Ukraine crisis.
Do Ukrainians support joining Nato or would they rather that their country choose non-aligned status?.
Polar Capital Holdings disclosed a purchase made by one of its directors on Wednesday, worth almost £0. 3m.
London’s FTSE 250 was down 0. 4% at 20,900. 95 in afternoon trade on Wednesday.
Analysts at Berenberg hiked their target price on media outfit Next Fifteen Communications from 1,500. 0p to 1,600. 0p on Wednesday following a "huge contract win" for the firm.
Clinical-stage biopharmaceutical company Faron Pharmaceuticals announced updated survival data from the phase 1 and 2 study investigating the safety and efficacy of ‘bexmarilimab’ on Wednesday.
Biotechnology company BiVictriX Therapeutics announced the expansion of its therapeutic pipeline on Wednesday, with two additional programmes - ‘BVX002’ and ‘BVX003’ - both entering the early stages of drug development.
Bank of England governor Andrew Bailey insisted on Wednesday that both workers and companies must show restraint in the face of surging inflation.
Molecular diagnostics company Genedrive updated the market on progress on the ‘Genedrive COV19-ID’ kit - its rapid point of care molecular test for Covid-19 - on Wednesday.
London’s FTSE 100 was up 0. 1% at 7,499. 09 in afternoon trade on Wednesday.
Business recovery, financial advisory and property services company Begbies Traynor Group said in an update on Wednesday that trading performance in the third quarter was “broadly in line” with the first half.
Wall Street stocks were little changed early on Wednesday after the S&P 500 closed out the previous session in correction territory.
Danone reported full-year sales narrowly ahead of forecasts on Wednesday, sending shares in the French food group higher.
The government is to discuss the imposition of potentially tougher financial sanctions on Russia with key City institutions, it was reported on Wednesday.
Driver monitoring technology company Seeing Machines said in a trading update on Wednesday that it was expecting to report first-half revenue of AUD 21. 7m (£11. 61m), representing a year-on-year improvement of 19. 4%, and an underlying growth rate of 24. 6%.
Pharmaceuticals and service company Clinigen Group reported a 10% improvement in net revenue from continuing operations in its half-year results on Wednesday, or 14% on an organic basis, to £238. 1m.
Language, content and intellectual property service provider RWS Holdings said in an update on Wednesday that it had started its financial year “well”, and was trading in line with market expectations.
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