FTSE losses more ground in the energy storm

The FTSE 100 index ended the day down 38.7p or 0.89% to 4312.2 paced by technology stocks such as Sage Group Plc and ARM Holdings Plc, after US rival Cisco Systems said customers were becoming “more cautious''. Centrica, the U.K.'s top natural gas distributor, said it would pay around £4bn to buy liquefied natural gas over 15 years from Petronas, to ensure steady supply as North Sea fields dwindle. BP and Shell both closed down over 2% lower as a storm in the Gulf of Mexico has forced the evacuation of non-essential staff from its oil plants. Several banking group stocks also fell ...