FTSE moves South again

About 90% of FTSE 100 stocks lost ground, failing to hold onto support after US markets opened sharply down this afternoon, undoing Friday’s gains. British Airways dropped most, shedding 19.5p to 269p even as new figures showed European airlines continue to build passenger numbers on international routes. Rumours suggested Standard Life may have dumped a large tranche on the market, in line with its recently stated goal of reducing the equities exposure of its with profits fund. Royal & Sun Alliance lost 4.25p to 88.75p to lead the insurance sector down. Friends Provident shed 5.7...