1630: Close Global tensions and disappointing housing data weighed on sentiment in today's session, with the footsie falling early on before coming off the day's lows in the final minutes of trade. In the latest development in the Ukraine-Russian conflict, Putin has bowed to substantial pressure from global leaders and called on pro-Moscow rebels to allow investigators access to the crash site of the Malaysia Airlines plan that was shot down last week. Company wise, miners performed strongly this afternoon despite generally weaker sentiment, while housing stocks were hit by data which showed house prices had dropped for the first time this year. Ultimately, the top tier index settled 21.01 points down at 6,728.44.
1536: US stocks were down as the crises in Ukraine and the Middle East escalated. Dutch investigators are examining the bodies from the Malaysia Airlines crash last week in eastern Ukraine, which killed all 298 passengers on board. The conflict between Israeli and Gaza also continued, killing dozens of Palestinians and 13 Israeli soldiers today.
1417: Speaking on the BBC's 'Today' programme, Osborne said: "I would say [that] any sanctions will have an economic impact, and we are prepared to undertake further sanctions. But think of the economic hit, of allowing international borders to be ignored, of allowing airlines to be shot down - that's a much greater economic hit for Britain and we're not prepared to allow that to happen." Meanwhile, the EY ITEM Club has upgraded its UK growth forecast for 2014 from 2.9% to 3.1%, saying higher levels of employment and weak levels of wage inflation had positioned the economy in a "sweet spot". In company news, RBS has been censured by the Australian watchdog after it found it had attempted to influence daily inter-bank lending rate setting. The FTSE 100 is down 0.36% at 6,725.30.
1315: With just an hour before the opening bell on Wall Street, stock futures are down around 0.2% across the three main US indices, tracking declines in Europe. Today will be a big day for corporate earnings Stateside with Netflix, Allergan and Halliburton among the blue chips to report.
1208: Ukraine has launched a military assault to break pro-Russian rebels' hold on the eastern city of Donetsk. The rebels have been blamed for the shooting down of a Malaysia Airlines passenger jet last week, killing 298 passengers.
1102: The death toll in Gaza has passed 500 over the past two weeks as Israeli forces today killed 10 Palestinian militants who crossed the border. Israeli jets, tanks and artillery have continued to pound the Gaza Strip.
0939: Engineering support services group Babcock is in demand after saying that the new financial year "has started well" with activity levels remaining high. Media firm BSkyB has fallen as it announced the purchase of a 70% stake in UK production group Love Productions, which makes programmes such as the Great British Bake-Off. The FTSE 100 is down 24 at 6,725.
0830: Markets have opened in the red as continued heavy fighting in Gaza and uncertainty surrounding the developments in Ukraine dampens sentiment. Nevertheless, Tesco is a bright spark, rising strongly despite a profit warning as investors welcome a change in leadership. CEO Philip Clarke has announced that he will step down and hand over to Unilever exec Dave Lewis later this year. However, shares
in fellow grocers Sainsbury and Morrison are both lower after Tesco said that trading conditions have been "challenging". The FTSE 100 is down 13.28 at 6,736.17.