18:19 Jet parts maker Meggitt stayed tight-lipped about takeover speculation at this week's Farnborough Air Show, but pledged to stay on the acquisition trail (see ShareCast interview).
1630: Close The FTSE ended down 46.35 points to 6738.32 as tensions between the West and Russia escalated, dampening investor sentiment. US President Barack Obama has imposed fresh sanctions sanctions on key parts of the Russian energy and financial industry, including oil producers Rosneft and Novatek and bank Gazprombank, in an effort to curb the Ukraine crisis. Also weighing on stocks was figures that showed that US housing starts in June slid 9.3% after a 7.3% dip the month earlier, missing the forecast for a 1.9% increase. Rexam was among the biggest fallers after a downgrade by Deutsche Bank to 'neutral'.
1600: A Malaysian passenger airliner carrying 295 people has crashed in Ukraine near the Russian border, the Interfax news agency cited an aviation industry source as saying. The Boeing plane was flying from Amsterdam to Kuala Lumpur, it said.
1450: US housing starts dropped 9.3% in June after falling 7.3% a month earlier, surprising analysts who had expected a 1.9% rise. US stocks were trading lower.
1355: Stock futures in the States have pared losses slightly after data showed that US jobless claims fell by 3,000 to a nine-week low of 302,000, below the 310,000 expected by analysts. Meanwhile, the share price of Microsoft is at a 14-year high in pre-market trade after the company announced plans to cut 18,000 jobs over the next year as it simplifies operations, resulting in a restructuring charge of $1.1-1.6bn.
1300: The BBC News department is set to cut 415 jobs as part of an effort to cut costs,the company's director of news James Harding has announced. The group is needs £800m in efficiency savings after the licence fee was frozen in 2010. The latest cuts are expected to save £48m by 2017.
1106: The Russian stock market has been hurt by new sanctions imposed by the US. Sanctions have been put on Russian banks, energy companies and defence firms as part of fresh efforts to curb the crisis in Ukraine. US President Barack Obama placed sanctions on Rosneft, OAO Gazprombank and natural gas producer OAO Novatek aimed at squeezing the $2trn economy of Russia, the world's biggest energy exporter.
1015: Eurozone inflation rose by 0.8% year-on-year in June, Eurostat has confirmed, below the European Central Bank's target of just below 2%. On the month it rose 0.1%.
0917: ITV is up over 7% at 196.9p with analysts citing hopes about further M&A following the purchase of a stake by Liberty Global. "While Liberty Global says this is purely an 'opportunistic investment' and it is not planning to make an offer for the whole company, and shares
are now off their early reaction highs of the day, subsequent speculation of a forthcoming bid could well help the shares back to near recent all-time highs of 211p," said Mike van Dulken, Head of Research at Accendo Markets.
0843: UK stocks have pulled back after a strong gain yesterday and another record close for the Dow last night, its 15th of the year so far. Shares in ITV have surged after BSkyB sold a 6.4% stake in the firm to Liberty Global, prompting M&A rumours. Anglo American has dropped after a Q2 production report which showed that thermal coal and platinum volumes wee down year-on-year. The FTSE 100 is down 17 at 6,767 after having gained 1.1% on Wednesday.