In London the FTSE 100 Index dropped to a two month low, sitting at the 4,900 mark after shedding 18.3 points by its close a short while ago.
Sugar-cane refiner, Lyle & Tate, leads the drop on the benchmark, retreating 22p or 4% to 527.5p. The firm announced yesterday that demand for its Splenda sweetener since January outweighed lower profitability in its European sugar business, retaining performance in line with its forecasts.
Scottish & Newcastle and Legal & General dropped 17.5p to 461.5p and 3.5p to 113.25p respectively, after both firms announced new investors would not have the right to most recent payouts.
UK pub landlord, Enterprise Inns meanwhile, added 22.5p to 768p. The company said fiscal first-half earnings would meet its forecasts.
In the US the Dow Jones Industrial Average got off to flyer clawing back the points it lost during trading yesterday and more.
The New York benchmark is up about 88 points to 10,493.19, led by Proctor & Gamble, up $1.19 to $53.05.
Caterpillar has also recovered from a poor day yesterday, gaining $1.76 to $91.56 in the morning session.
A report on fuel stocks is out in the US later today.IFAonline
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