Airline turbulence grounds early FTSE

British Airways leads the losses after budget airline Ryanair reported an 85% in Q1 profits. BA is 4.96% behind to 234.50. Expectations of large profit falls in the Q2 reporting period has hit financials, with HBOS down 4.51% to 296.25 and Old Mutual 3.22% lower to 96.10. Publisher Pearson leads a host of mining giants at the top, up 3.02% to 613.50; while Antofagasta is 2.98% ahead to 519 and BHP Billiton is 2.9% higher to 1598. In New York, Wall Street posted slight gains on Friday as unexpected positive economic data boosted investor confidence on another difficult day for financials....