17/07/14 Market Movements

Market news

The FTSE100 closed down 46.35 points at 6,738.32 as U.K. stocks fell following further U.S. and EU sanctions on Russia. Losses were extended as reports emerged late in the day that a Malaysian passenger jet was shot down in the Donetsk region of eastern Ukraine.

ITV was the biggest FTSE100 climber of the day, up6.15% after Virgin Media acquired BSkyB’s 6.4% stake in ITV for £481million.  Investors greeted the move as a signal that the UK’s largest free-to-air commercial broadcaster is likely to be taken over.