What happened yesterday?
London stocks closed in a mixed state on Monday after Western countries imposed tougher sanctions on Russia. Firms with Russian connections or suppliers felt the squeeze.
The FTSE 100 ended the session down 0.42% at 7,458.25 but the FTSE 250 was up 0.83% at 21,081.05.
Sterling was in a stronger state, trading 0.05% weaker against the dollar at $1.34 and 0.46% stronger against the euro, changing hands at €1.19.
In company news:
Paper and packaging company Mondi saw its shared drop 12.03% because one of its largest operations is the massive Mondi Syktyvkar plant in Russia’s Komi region and another has suspended production as it is based in the Ukrainian city of Lviv.
Banks saw a universal drop, with HSBC falling 4.35%, Lloyds closing 2.51% worse, Barclays falling 3.19% and NatWest dropping 2.55%.
BP lost 3.95% after announcing it would exit its near 20% holding in oil company Rosneft.
Anglo-Russian precious metals miner Polymetal International plunged 56.01%, Russian steelmaker Evraz tumbled 29.29%, and Russian gold miner Petropavlovsk slid 15.7%.
Defence companies BAE Systems and Babcock International saw their shares jump 10.2% and 7.92% respectively.