FTSE100 on brink of 'bear market'

London’s blue chip index is currently 44.50 points (0.81%) lower in early trading to 5432.10, a 19.3% drop on the record 6730.70 high. A ‘bear market’ level is a 20% fall from peak. Marks & Spencer continues to struggle after its poor outlook earlier in the week, down 5.61% to 222.75 so far. News its flights are taking off with almost a quarter of seats empty has hit British Airways, currently 3.59% lower to 201.50. Construction supplier Wolseley is 3.51% behind to 316 and insurer Friends Provident is 2.76% down to 98.70. Business management software specialists Sage Group is the best...