Shares dropped across the board this morning as oil prices continued to rise in the wake of this weekend's big storms in the North East US and poor company news outweighed the good - the FTSE is down about 29 points to 4,774.
Shire Pharmaceuticals is down 22p to 615p after regulatory authorities in Canada and Europe raised questions over the company’s new Alzheimer’s drug. British Airways is down 4.75p to 242.75p after storms closed airports in the US, forcing airlines to cancel flights from London through the key North Atlantic routes. Rising oil prices also hurt the company. Schroders, the fund manager, is down 10.5p to 673p after the company was linked, along with others, to a possible takeover bid for HHG, the asset manager spun out of Australian insurer AMP when it withdrew from the UK market. Amve...
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