FTSE 100 plummets 85 points to 5320 with Invensys falling

The UK's benchmark index the FTSE 100 closed just 5.4 points off its lowest close this year at 5320.2 with losses for Invensys, Reuters and British Airways. On 22 March the market closed at 5314.8 and a decline that began in early June when the index stood at 5950 has seen it steadily drop to where it stands today. The index lost 85.1 points. Invensys fell 15% to 86.75p after chief exec Allen Yurko said first-half operating profit will be about 30% below initial expectations of £400m. Reuters lost almost 5% to 748p after the financial news wire service said sales growth will slow in the ...