Market Report: The FTSE 100 fell amid concerns over the crash in Ukraine

 

Headlines from Russia and Ukraine dominated trading, with shares opening lower across Europe after the US announced more sanctions on Russia companies.

BP, which has a 19.75 per cent stake in the oil giant Rosneft, one of the state-controlled companies affected, fell 9.8p to 496.8p.

By the close, news that a Malaysian passenger plane had crashed in an area in eastern Ukraine contested by pro-Russian rebels and government forces caused greater concern in the City. The FTSE 100 finished the day down 46.35 points at 6,738.32. Brenda Kelly, an analyst at the spreadbetter IG, said: “The news of a Malaysian airliner crashing near the Russian border clearly had a major impact.”

During the day, deal activity kept investors interested, with John Malone’s cable group Liberty Global buying a  6.4 per cent stake in ITV from BSkyB. The deal gave rise to hopes of a full takeover bid and ITV rose 11.3p to 195.1p.

But rumours of bid activity in engineer Meggitt subsided and the aerospace engineer fell 9.5p to 546.5p.

Analysts at Société Générale engaged in fantasy M&A for the beer giant SABMiller and wondered whether the Peroni brewer planned to fend off a bid from AB InBev with a plan to merge. SocGen ruled out the spirits giant Diageo but wondered if SAB might try to buy the French drinks group Castel. SAB lifted 34p to 3,340p.

Cake maker Finsbury Food’s cost-cutting programme, marketing campaign and investment in innovations looked to have paid off as it announced better than expected profits and investors gobbled up shares. It rose 5p to 59.5p.

Strong first-half numbers from Breedon Aggregates helped it ahead 0.75p to 39.5p.

AO World, at its  maiden annual general meeting, said sales growth was up 30 per cent in the quarter but the online retailer fell 14.9p to 229p, well below its 285p February float price.

The upmarket interior design business Colefax and Fowler recorded a  38 per cent rise in profits to £4.3m. But it warned that the strength of sterling would “have an adverse impact on profitability”, and the shares fell 22.5p to 350p.

Start your day with The Independent, sign up for daily news emails
Property
pets
Arts and Entertainment
The Ridiculous Six has been produced by Adam Sandler, who also stars in it
filmNew controversy after nine Native American actors walked off set
Life and Style
The original ZX Spectrum was simple to plug into your TV and get playing on
techThirty years on, the ZX Spectrum is back, after a fashion
Sport
football
ebooks
ebooksA celebration of British elections
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Claims Administrator

£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...

Recruitment Genius: Senior SEO Executive

£24000 - £28000 per annum: Recruitment Genius: A Senior SEO Executive is requi...

Recruitment Genius: Online Customer Service Administrator

£16000 - £18000 per annum: Recruitment Genius: An Online customer Service Admi...

Recruitment Genius: Digital Marketing Executive

£18000 - £22000 per annum: Recruitment Genius: This global, industry leading, ...

Day In a Page

'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

A revolution now 'consuming its own children'
Welcome to the world of Megagames

Welcome to the world of Megagames

300 players take part in Watch the Skies! board game in London
'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

Charlotte Gainsbourg on 'Nymphomaniac'

Starring in one of the most explicit films ever
Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Russell Brand's interview with Ed Miliband has got everyone talking about The Trews

Everyone is talking about The Trews

Russell Brand's 'true news' videos attract millions of viewers. But today's 'Milibrand' interview introduced his resolutely amateurish style to a whole new crowd
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living
Increasing numbers of homeless people in America keep their mobile phones on the streets

Homeless people keep mobile phones

A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before
'Queer saint' Peter Watson left his mark on British culture by bankrolling artworld giants

'Queer saint' who bankrolled artworld giants

British culture owes a huge debt to Peter Watson, says Michael Prodger
Pushkin Prizes: Unusual exchange programme aims to bring countries together through culture

Pushkin Prizes brings countries together

Ten Scottish schoolchildren and their Russian peers attended a creative writing workshop in the Highlands this week
14 best kids' hoodies

14 best kids' hoodies

Don't get caught out by that wind on the beach. Zip them up in a lightweight top to see them through summer to autumn
Robert Fisk in Abu Dhabi: The acceptable face of the Emirates

The acceptable face of the Emirates

Has Abu Dhabi found a way to blend petrodollars with principles, asks Robert Fisk