Higher yielding stocks were again the main beneficiaries of selling in cyclicals such as automobiles (GKN) or shares of oil companies.
Commodities were mostly lower again on Wednesday amid a continued 'risk-off' tone to trading as optimism regarding the prospect for US tax reforms continued to ebb.
European stocks managed to close off their worst levels of the session as strength in the euro abated, despite increased caution on the part of investors amid what some analysts described as "diminished expectations for US tax reforms".
London stocks closed at a six week low on Wednesday amid some signs of weakness in the employment market and Chinese concerns weighing on commodities companies.
Wall Street is trading slightly lower, but well-off its intra-day lows, following the release of stronger than expected consumer price inflation and retail sales data for October and amid lingering concerns about the progress being made by the White House on tax reforms.
The FTSE 250 index was down 0. 79% in afternoon trading on Wednesday as global markets saw a sea of red at the mid-point of the week.
Robert Noel, chief executive of real estate investment trust Land Securities, picked up 18,365 new ordinary shares in the London-based firm on Wednesday at a cost of 933p each.
Software firm Aveva had its 'outperform' rating reiterated by Credit Suisse on Wednesday after a stronger first-half revenues and market indications that the company may be at a "turning point".
Thursday's UK retail sales numbers are not expected to provide any filip to the beleaguered sector, while the reporting season has not fully tailed off yet, with results due from 3i, British Land, Qinetiq, Assura Investec, Mediclinic, Royal Mail and Ted Baker.
US crude oil and product stockpiles were mostly higher last week against a back drop of rising domestic production and net imports.
London’s FTSE 100 was down 0. 6% to 7,373. 58 in afternoon trade on Wednesday.
The Lulo Diamond Project in Angola achieved a monthly treatment record of 29,657 bulk cubic metres (bcm) of alluvial gravels in October, according to a joint statement, on Wednesday, by Lucapa Diamond Company and its partners Empresa Nacional de Diamantes and Rosas and Petalas.
India-focussed fashion e-commerce business Koovs issued a short update to the market on Wednesday morning, announcing today that it will be seeking a renewal of permission for the issue of up to £18. 9m of convertible loan notes.
AIM-quoted oil and gas exploration company, Pantheon Resources, has reported "successful" commission, on Tuesday, of the gas processing facility in Polk County, East Texas, as well as its first gas sales.
Markets and analysts should not assume Brexit inevitably means lower interest rates, a Bank of England deputy governor has warned.
Eland Oil & Gas, the oil & gas production and development company, operating in West Africa with an initial focus on Nigeria, reported strong production performance from the Opuama field, with gross output from all three wells reaching 19,000 barrels of oil per day.
The UK supreme court has ruled that the introduction of a minimum price for alcoholic drinks is legal, despite an appeal by a Scottish whisky group.
Multi-retailer, multi-channel gift voucher and prepaid gift card provider Park Group announced the appointment of John Sullivan (Ian) O’Doherty as its new chief executive officer on Wednesday, to succeed Chris Houghton, whose retirement was announced on 12 June.
Galantas Gold Corporation has today announced a proposed private placement of shares, for working capital purposes, as well as to continue developing an underground mine on the Omagh property.
Annual profits at Zambia-based agribusiness Zambeef Products took a nosedive as unfavourable exchange rates, increased costs and lower commodity prices wiped out gains made in retail sales.