FTSE slides as outlook turns gloomier

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Shares in London lost much of the advances made in recent days, with the FTSE 100 falling 87.6 points (1.61%) to 5,362.3.

Kingfisher added 7.7p (6.6%) to 124.4p after B&Q reported better than expected sales, while British Energy Group benefited from a rumoured takeover offer, up 42.5p (6.2%) to 728.5p. British Airways shares fell 21.25 (8.07%) to 242p, while Eurasian lost 66 points (6.5%) to 949p. On Wall Street, markets plunged in early trading after Ford revealed dire trading results, with the Dow Jones down 118.87 points (1.02%) to 11,513.51. Merck shares climed 1.16 (3.64%) to $32.93, while 3M added 1.40 points (1.98%) to $72.20. Boeing shares lost some ground gained yesterday, down 3.87 (5.8%) to $62....

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