The FTSE 100 index has suffered a bad start this morning, and one which is unlikely to improve much throughout the day, after foiled alleged terrorist attempts to blow up planes flying from UK airports.
The blue chip stock index has already fallen 87.3 points or 1.49% to 5,773.2, led by British Airways which has lost 22p or 5.6% to 368p but in contrast one of just four stocks to actually hold gains this morning is BAA, the airport operators, which has seen its price rise 2.5p or 0.27% to 936p.
Alliance Unichem has seen the best gains, rising 42p or 4.09% to £10.68, while Boots, the high street chain has added 34p or 4.4% to 806.5p.
But energy and mining stocks seem to have a major blow too, as AngloAmerican is down 59p or 2.55% to £22.58 while Cairn Energy has dropped 66p or 3.17% to £20.19.
Intercontinental Hotels is also down 28p or 3.24% 837.5p as investors are worried about the implications such terrorist attacks might have on tourism in the UK.
Elsewhere, Asian technology stocks performed well today after Hon Hai Precision Industry Co. - Taiwan's biggest electronics company and one which assembles iPods for Apple Computers - reported improved sales for July, but the main indices otherwise fell.
On the back of Hon Hai’s news, Taiwan Semiconductor Manufacturing, rose 1.8% to NT$56.80 while Toshiba, Japan's largest semiconductor maker, added 0.7% to 732 yen and Canon, the world's biggest digital camera maker, earned an extra 0.9% to 5,490 yen.
This didn’t help the Nikkei 225 index stay afloat, however, as it closed down 25 points or 0.16% to 15,630.9.
In the US yesterday, Cisco Systems inc shares leapt to their highest level in four years but the S&P 500 index lost 5.5 points or0.43% to 1,265.9 and Dow Jones industrial average index still fell 97 points or 0.87% to 11,076.
Cisco Systems leapt $2.49 or 14.38% to $19.78 and BMC Software earned $1.08 or 4.71% to $24.02 while Cigna Corp also gained 20c or 5.73% to $3.69.IFAonline
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till