The market spotlight on Wednesday was expected to be on the release of the minutes of the US central bank's most recent policy meeting.
European shares rallied further on Tuesday on the back of energy stocks as Saudi Arabia dismissed a report that it was planning a rise in oil output.
London stocks remained well above the waterline by the close on Tuesday, with energy shares in the green as oil prices recovered.
Oil and Gas shares paced gains on the FSTE 350 on Tuesday, helping the broader UK stock market to outperform its peers.
RBC Capital Markets upgraded SSE to 'outperform' from 'sector perform' on Tuesday and lifted its price target on the stock to 2,050. 0p from 1,825. 0p as it pointed to clarity over windfall taxes.
Gazprom announced that flows of natural gas through the last remaining pipeline to Western Europe.
Knights Group revealed on Tuesday that chief executive David Beech had acquired 1. 18m ordinary shares in the AIM-listed legal and professional services business.
Shipping container tracking technology company T42 has signed an agreement with Overhaul Group, it announced on Tuesday, for the sale of its ‘Tetis’ tracking and monitoring units, and integration into its supply chain solutions.
UK defence engineer Babcock reported a rise in interim profits and held full-year expectations as it focused on countering rising material costs.
Estate agency franchisor M Winkworth said in a trading update on Tuesday that market conditions remained “strong” in the third quarter, with network sales up 38% year-on-year.
Wall Street stocks traded higher early on Tuesday as market participants looked ahead to speeches from a number of central bankers.
Crossword Cybersecurity announced on Tuesday that the UK arm of international defence and security company Leonardo has selected its supplier assurance and third party risk management platform ‘Rizikon’ to assist in its assessment of supply chain cyber risk.
FTSE 250: 19,419. 19, up 0. 03% at 1514 GMT.
Staff working for security firm G4S have voted to strike in December, prompting fears of cash shortages in shops and banks before the annual Christmas retail frenzy.
London’s FTSE 100 was up 0. 7% at 7,425. 78 in afternoon trade on Tuesday.
Analysts at Berenberg raised their target price on chemicals group Essentra from 275. 0p to 295. 0p on Tuesday following the firm's capital markets day last week.
Peel Hunt has upgraded its rating on Big Yellow Group on the back of strong interim numbers.
Shares in industrial fastenings group Trifast slumped early on Tuesday after it reported a sharp drop in interim pre-tax profits.
The competition watchdog has launched an investigation in cloud gaming and mobile browsers, it was confirmed on Tuesday.
Jefferies initiated coverage of medical products maker ConvaTec on Tuesday with a ‘buy’ rating and 300p price target as it expands its chronic care coverage alongside Coloplast.