The world's gaze over the coming week will continue to be fixated on the ongoing invasion of Ukraine, with investors watching to see if further sanctions are imposed on Russia, particularly on the country's oil and gas exports, even as they hope for a negotiated solution.
The FTSE 250 index was down 0. 07% at 19,402. 14 at 1455 GMT.
UK retail sales continued to grow in February, industry research showed on Tuesday, as the easing of Covid-19 restrictions saw shoppers return to stores.
Oil and Gas shares paced gains in the stock market at the start of the week amid reports that the US might be nearer to imposing a ban on Russian oil exports.
Wall Street stocks were firmly in the red at the close on Monday after oil prices surged to a multi-year high amid the ongoing Russia-Ukraine war, heightening fears the conflict will slow the US economy and raise inflation.
Stocks displayed very high volatility at the start of the week on the back of headlines of a possible ban on purchases of Russian energy by the US and Europe that triggered a spike in oil futures and a drop in the German Dax to 16-month lows.
London had pared some earlier losses but were still weaker by the close on Monday, as oil prices surged amid the ongoing Russia-Ukraine war.
Flutter Entertainment was at the top of the buyers’ list on Monday, after it disclosed two purchases made by its chair and a director’s associate.
The conflict in Ukraine will continue to be in the spotlight on Tuesday with especial attention on the result, if any, of the third round of talks between officials from Kyiv and Moscow the day before.
The foreign ministers of the Russian Federation and Ukraine will meet in Turkey.
Russia will declare ceasefire if Kyiv recognises Crimea as Russian, independence of Donetsk and Luhansk
Russia will declare an immediate ceasefire if Ukraine recognises Crimea as Russian territory and the breakaway regions in the country's east, Donetsk and Luhansk, as independent states.
London’s FTSE 100 was down 0. 2% at 6,974. 79 in afternoon trade on Monday.
Analysts at Canaccord Genuity slightly raised their target price on healthcare services provider Totally from 60. 0p to 70. 0p on Monday after the group's "immediately earnings enhancing" acquisition of Pioneer Health Care for up to £13. 0m.
Coro Energy updated the market on the re-launch of its Italian portfolio on Monday, following the termination of the previously-agreed sale and given Italian gas prices had now reached around €1. 55 per standard cubic metre (366p per therm).
Wall Street stocks were firmly in the red early on Monday after oil prices surged to a multi-year high amid the ongoing Russia-Ukraine conflict.
Industrial engineering company, the 600 Group, announced a conditional sale and purchase agreement with Timesavers Acquisition on Monday, for the disposal of 600 UK, Colchester, 600 Machinery Australia and Clausing Industrial.
The London Stock Exchange said on Monday that it had cancelled all Polymetal trades executed between 0841 GMT and 0902 GMT after a spike in shares of the Anglo-Russian precious metals miner.
Natural resources developer Oracle Power has completed its maiden drill programme at its wholly-owned Jundee East Gold Project in the Eastern Goldfields region of Western Australia, it announced on Monday.
US shale producers Whiting and Oasis Petroleum announced a $6bn merger on Monday.
Oil and gas engineering service provider Plexus updated the market on the effects of Russia’s invasion of Ukraine on Monday, confirming the suspension of its licence agreement with Gusar.
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