Morning folks. According to what I'm seeing live on the news here in Korea - we have a proper shooting war going on this afternoon - not much reaction from the FTSE yet. A South Korean island has been hit by Northern artillery and I'm seeing extensive fires - no word on casualties yet. This looks a bit more serious than the usual occasional limited exchanges of fire. This will probably blow over but the day of reckoning with North Korea draws ever closer.

edit:

ADN Deutsche: initiated buy, tp 210
ASC Goldman: conviction buy, tp raised to 2000 from 1700
AV. Jeffries: initiated buy, tp 452
BP. ING: reiterated buy, tp reiterated 712
BVIC Nomura: reiterated buy, tp reiterated 600
BYG Goldman: buy, tp reiterated 392
EMG Deutsche: initiated buy, tp 330
FCAM Deutsche: initiated hold, tp 74
GNK Goldman: reiterated buy, tp reiterated 540
GRT Deutsche: initiated hold, tp 120
JMAT UBS: upgraded to neutral from sell
LAM RBS: hold, tp raised to 315 from 275
LLOY Deutsche: reiterated buy, tp 100
MTO RBS: buy, tp cut to 270 from 290
RBS UBS [HB]: upgraded to buy from neutral, tp cut to 48 from 56
SAB ING: reiterated sell, tp cut to 1780 from 1800
SDR Deutsche: initiated buy, tp 1925
TALK Credit Suisse: upgraded to outperform from neutral

End-of-day Market Overview