Global markets tumble as Russia-Ukraine tensions hit shares

FTSE 100 down 2% and oil prices hit seven-year high on back of fears of Russian invasion

Mounting fears of an imminent Russian attack on Ukraine triggered a global share sell-off on Monday, and prompted oil prices to hit a seven-year high.

European markets followed Asian shares sharply lower, with the UK's FTSE 100 down 160 points, or 2%, at 7,501 in morning trading. Travel-related stocks were hardest hit, including the British Airways owner, IAG, which was the biggest faller on London's blue-chip index, down 7%. The jet engine maker Rolls-Royce was down 4%, as only five companies on the FTSE 100 made it into positive territory.