1630: Close The FTSE 100 finished down 29.91 points to 6791.55 after the International Monetary Fund (IMF) cut its forecast for world growth. The IMF lowered its global growth predictions, down from the 3.7% figure given in April to 3.4%, attributing the change to the crises in Ukraine and Iraq. British Sky Broadcasting Group was the biggest faller after it offered to buy Sky Deutschland and Sky Italia from Rupert Murdoch's 21st Century Fox as some investors said the deal presented challenges for the company.
1547: The FTSE looks to be heading for a negative finish as we head into the end of the week, currently down around 15 points, with losses in the States adding downwards pressure. In company news, TUI Travel and TUI AG have agreed in principle the key terms of a merger.
1447: US stocks were in the red as investors weighed earnings and geopolitical concerns on Ukraine and Middle East. Among the fallers was Visa after the payments network cut its forecast for full-year revenue. Amazon also slumped after posting a second quarter loss that missed analysts' estimates.
1334: US durable goods orders rose 0.7% in June following a 1% drop a month earlier. It beat analysts' estimates for a 0.5% increase.
1213: European Union (EU) ambassadors have asked the European Commission to draw up legal documents to impose sectoral sanctions on Russia, Reuters reported. However, there is no final agreement yet to impose the sanctions, EU diplomats said, adding that officials will hold more discussions next week.
1032: German investor confidence fell more than expected in July, according to a survey from the Ifo Institute. The business climate index dropped to 108 from 109.7 in June. Analysts had predicted a reading of 109.4.
0940: UK GDP grew at 0.8% in the second quarter as had been widely expected, data published on Friday showed. The figure means the UK is now back at levels seen prior to the recession. Lee Hopley, Chief Economist at manufacturers' organisation EEF, said the data confirmed "the solid momentum in the economy, underpinned by a fifth consecutive quarter of manufacturing expansion".
0913: GfK's forward-looking survey on German sentiment in August increased to its highest level since December 2006. The index climbed to 9 from 8.9 the prior month, surprising analysts who had expected an unchanged result.
0907: The FTSE opened in the red but losses were largely reversed following a surprise first half profit from RBS, which jumped early on. The banking group delivered a better-than-expected first half operating performance, but said no one at the 80% taxpayer-owned bank was "complacent about the challenges ahead". Barclays and Lloyds were also lifted, while Pearson shares
climbed despite the publishing group posting a fall in first half profit. Vodafone was higher after the decline in its service revenue was lower than had been expected after the losses in Europe were partly offset by gains in Africa and India. The FTSE is down three points at 6,818.44.
0820: The FTSE has opened lower, falling 9.91 points to 6,811.55, weighed by a reduced global forecast from the IMF and amid a raft of corporate releases. The IMF has lowered its forecasts for global growth from the 3.7% figure given in April to 3.4%, attributing the change to events in Ukraine and Iraq. The focus this morning will be on both the German IFO business climate survey, expected to fall to 109.4, and the first reading of Q2 UK GDP, predicted to show growth of 0.8%.