FTSE dips on Wall Street struggle

Overseas tensions are battering tourism stocks, with TUI Travel leading the losses, down 4.17% to 281.50. Cairn Energy also struggled, closing down 4% to 2951; while Whitbread declined on a poor day for pub and restaurant groups, down 3.57% to 1350. The reported takeover talks between Alliance & Leicester and Santander last month drove A&L to a substantial gain. The lender closed the day up 16.36% to 754. Clothing giant Next also had a good day at the office, closing up 2.59% to 1666. In New York, Wall Street is in decline this morning as the Institute of Supply Management's manuf...