London’s FTSE 100 was down 1% at 7,385.59 in afternoon trade on Tuesday.
Anglo-Russian precious metals miner Polymetal and Russian steelmaker Evraz tanked again as the crisis in Ukraine intensified.
Polymetal was also in focus after private equity firm Blackrock took a punt on the beleaguered gold miner, doubling its stake to just over 10% even as the stock took a battering from sanctions imposed against Moscow.
Asset manager Abrdn was in the red even as it said annual profit rose and posted higher full-year revenue for the first time since it was formed from a merger in 2017.
Going the other way, miners were on the front foot as metals prices advanced, with Rio Tinto, Anglo American and Antofagasta all higher.
Defence company BAE Systems was also in the black, for obvious reasons.
AstraZeneca was a high riser after it and Swiss biotechnology firm Neurimmune agreed to develop an antibody-based therapy for a rare, underdiagnosed condition that leads to heart failure in a $760m deal.
FTSE 100 – Risers
Rio Tinto (RIO) 5,927.00p 2.35%
Pearson (PSON) 663.00p 2.31%
Sage Group (SGE) 718.00p 2.16%
BAE Systems (BA.) 734.00p 2.00%
Severn Trent (SVT) 2,932.00p 1.95%
AstraZeneca (AZN) 9,224.00p 1.82%
Anglo American (AAL) 3,887.50p 1.69%
Antofagasta (ANTO) 1,542.00p 1.38%
United Utilities Group (UU.) 1,087.50p 1.21%
B&M European Value Retail S.A. (DI) (BME) 610.20p 0.79%
FTSE 100 – Fallers
Polymetal International (POLY) 276.10p -21.38%
Evraz (EVR) 122.65p -15.27%
Flutter Entertainment (CDI) (FLTR) 9,316.00p -13.70%
Coca-Cola HBC AG (CDI) (CCH) 1,779.50p -6.54%
Entain (ENT) 1,575.00p -6.47%
Abrdn (ABDN) 194.70p -5.81%
Melrose Industries (MRO) 140.15p -5.46%
Whitbread (WTB) 2,770.00p -5.27%
InterContinental Hotels Group (IHG) 4,963.00p -5.21%
Barratt Developments (BDEV) 581.20p -4.88%
