FTSE drops after loss of energy from BP

Rexam, the world's biggest drinks-can maker, jumped 15.5p, or 3.12%, to 512p, after rumours of a takeover bid, while Cairn Energy also helped to relieve the losses with a rise of 90p, or 5.11%, to 1,850p, as the oil explorer gave a more optimistic appraisal of the size of its Indian oil fields. Energy stocks BP and Royal Dutch Shell were some of the biggest losers, as BP dropped 13p, or 2.07%, to 614p, while Shell slipped 33p, or 1.79%, to 1,810p as the sector tracked a drop in crude prices to a four-month. Vodafone, the world's biggest telecoms operator, also slipped 2.5p to 148p, ah...