What happened yesterday?
London had pared some earlier losses but markets were still weaker by the close on Monday, as oil prices surged amid the ongoing Russia-Ukraine war.
The FTSE 100 ended the session down 0.4% at 6,959.48, and the FTSE 250 was 1.12% weaker at 19,169.78.
Sterling was in the red as well, last trading down 0.85% on the dollar at $1.31, and losing 0.31% against the euro to €1.21.
In company news:
Travel-related shares slid, with BA and Iberia owner IAG down 5.86%, Wizz Air falling 6.62%, TUI dropping 6.76%, and easyJet 7.53% weaker.
Oxford Instruments dropped 22.81% after Spectris pulled its £1.7bn bid for the company, citing global market uncertainties caused by the “deplorable” events in Ukraine after the Russian invasion.
Russian steelmaker Evraz jumped 28.33%, Anglo-Russian precious metals miner Polymetal International gained 1.86%, and gold miner Petropavlovsk was ahead 32.98%, after all three tumbled in recent days.
Earlier, the London Stock Exchange said it had cancelled all Polymetal trades executed between 0841 and 0902 GMT, after a 700% spike in the share price.
Defence company BAE Systems gained 7.11%, while oil giants Shell and BP jumped 8.05% and 3.83% higher, respectively, amid the surging oil price environment.
Shipping services company Clarkson gained 7.54% after it posted “record” results for 2021 following a particularly strong performance in the broking and financial segments.