The FTSE 100 is in and out of the red this morning, trading down just 3 points at 8,765 in early dealings.
A lack of major winners saw banks top the early risers, with Barclays PLC leading the way on a 1.8% rise.
BT Group PLC slumped 5.3% in the meantime to head the fallers, following news that Morgan Stanley had cut its stake in the telecoms giant.
BHP Group also under pressure after unveiling a slump in interim profit and cutting its dividend on the back of weak iron ore prices.
Intercontinental Hotels Group PLC was also among Tuesday’s fallers, dropping 1.3% after news of a US$900 million share buyback and stronger earnings appeared to underwhelm.
Meanwhile, Anglo American PLC has agreed to sell its nickel business for US$500 million (£396 million) under a wider bid to shift focus to copper and iron ore.
In other news, figures showed UK unemployment remained flat over the last quarter of last year.
According to the Office for National Statistics, unemployment was unchanged at 4.4% in the three months to December, undershooting expectations for an increase to 4.5%.
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