Property firms and financials dent FTSE

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The FTSE 100 has dropped more than 13 points (0.35%) this morning to 3,975.18 after financials and property companies dragged the index.

Legal & General Group was the FTSE's biggest loser, dropping 5.69% to 51.4p, while Standard Chartered bank fell 4.39% to £9.80. Meanwhile, British Land was down 5.18% to £4.26 and Hammerson dropped 4.36% to £3.01. Cairn Energy was the FTSE's biggest riser this morning advancing 2.84% to £22.44 followed by Imperial Tobacco Group, rising 2.03% to £14.59. Across the Atlantic, the Dow Jones ended Tuesday down 137.63 points (1.71%) after negative data from the US revealed March retail sales figures fell 1.1% after a 0.3 % rise in February. Financial shares were badly hit by the news with...

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