
European stock markets have fallen sharply as investors react to America's warning of an imminent Russian invasion of Ukraine.
Benchmarks in France and Germany are down by 3% and the FTSE 100 index fell 2%, with travel stocks among those under pressure and Russia-focused steel and mining company Evraz down by a third in value.
The price of Brent crude rose to a seven-year high above $95 a barrel, adding to cost-of-living pressures in the UK economy.