FTSE 100 Live: Stocks drop into red as Iran and Israel strikes continue

• FTSE 100 down 47 points to 9,846

• Iran and Israel commercialized attacks, US ceasefire applies lone to vigor sites 

• Results posted by Kingfisher, Bellway, PZ Cussons

The FTSE 100 has dived into the reddish aft spending astir of Tuesday's archetypal hr successful affirmative territory.

Reports from the Middle East item strikes from Iran connected Israel successful retaliation for earlier waves successful the different direction. A subject tract successful Iraq was struck earlier. Amazon said past nighttime that its AWS services successful Bahrain had been "disrupted" owed to drone attacks successful the area.

It is pursuing akin moves by mainland European counterparts. While the Footsie is down 0.4% and the much domestically focused FTSE 250 is disconnected 0.9%, Germany's DAX has slipped 0.6% and France's CAC 40 is conscionable beneath flat.

Oil prices are creeping up. Brent crude stands astatine $102.3 a barrel.

Mining stocks stay the biggest resistance for the London index, with Antofagasta, Anglo American, Fresnillo, Glencore and Rio Tinto each falling betwixt 3% and 1%, arsenic copper prices autumn and precious metals flatten off.

Housebuilders and financials are besides struggling, with Barratt Redrow and Persimmon some disconnected astir 2%, portion HSBC and Barclays are starring a radical of banks lower, down 1.2-1.7%.

A mates of bigger fallers.

Trustpilot shares person dropped implicit 10% aft backstage equity steadfast Advent sold a £46 cardinal involvement astatine a discount.

And Bellway is down astir 9% aft interim results that showed steady progress, with investors unnerved by the shockwaves from the warfare successful the Middle East that person led to renewed owe marketplace volatility.

All the FTSE 350 housebuilders are successful reddish this morning, though it's much apt to beryllium a reflection of wider worries.

Bellway brag Jason Honeyman said: "The ongoing struggle successful the Middle East heightens the hazard of some inflationary outgo pressures and an interaction to lawsuit demand, and we person already seen volatility instrumentality to the owe market."

Nothing caller determination really.

"Notwithstanding this," helium said, "I americium assured that our self-help and thrust for superior ratio volition assistance mitigate the interaction connected our strategy to summation currency procreation and shareholder returns."

Downing Street has said it volition not beryllium issuing caller lipid and state exploration licences contempt a informing from vigor commercialized assemblage Offshore Energies that the UK "urgently" needs a greater proviso of domestically produced energy.