Standard Chartered creates FTSE slide

The UK benchmark was eventually led by bank Standard Chartered - whose main listings are held on the London Stock Exchange and in Hong Kong - which closed down 24.50p to 928.5p, after spending $3.3bn on buying Korea’s third largest bank to preserve its position in Asia’s third biggest banking market. Cairn Energy also shed 22p to 1048p but after a poor start, betting firm William Hill eventually closed up 15.5p to 561p after reporting its punters have done better than the firm might have preferred. In the US, the Dow Jones has started morning trading in a positive mood. The benchmark...