Markets fall more than 1% as negative sentiment returns

The FTSE 100 opened with a loss this morning, down 0.8% or 48.9 points to 5,886.86. Whitbread was the biggest loser, dropping over 5%, followed by TUI Travel (-2.95%), Wolseley (-2.93%) and Diageo (-2.89%). Costa Coffee, a subsidiary of Whitbread which also operates Premier Inn hotels, Beefeater and Brewers Fayr, saw weaker like-for-like sales towards the end of its trading period, slowing from 7.9% to 3% in the last 11 weeks.   In the US, negative investor sentiment due to the unrest and soaring oil price also weighed on the indices. Both the Dow Jones and the S&P 500 suffered ...