FTSE digs itself a hole in early trading

Miner BHP Billiton is the biggest drag so far with a drop of 1.51% to 981p, closely followed by National Grid, which is down 1.47% to 735.5p, while BP has fallen 1.34% to 590p. BG Group is also down 1.32% to 710p, closely followed by Rio Tinto, which has slipped 1.26% to £27.49, although losses are being limited by WPP, which has gained 0.66% to 691.5p. Cadbury Schweppes is posting the biggest gains so far with a rise of .6% to 5405p, closely followed by Capita Group, which is up 0.85% to 593p, while Legal & General has gained 0.67% to 150.75p. In Japan the Nikkei 225 Stock Average...