Wall Street drags FTSE down

BAE Systems finished deep in the red down 3.10% to 391p on reports that Saudi Arabia has threatened to scrap an order for 72 Eurofighters unless the SFO drops an investigation into corruption into previous contracts from the Kingdom won by UK firms. In the US the Dow Jones Industrial Average declined 95.17 points, or 0.8%, to 12,185 after a decline in the dollar for a fifth day underscored concern that growth in the world's largest economy is faltering. Wal-Mart has slipped 86 cents, or 1.8%, to $47.04 for the biggest decline in the Dow average. The company says November sales at US sto...