FTSE falls despite US rate cut

British Airways shares gained as the firm sought immunity from anti-trust legislation, up 9.25 (4.08%) to 235.75p. Kazakhmys shares climbed 59 points (3.73%) to £16.41. Home Retail shares dropped as customers cut back spending on home related goods, down 8.75 (3.31%) to 255.25, while Wolseley shares fell 15.25 (3%) to 492.25. On Wall Street, early gains were wiped despite a rate cut by the Federal Reserve and the Dow Jones fell 11.81 points (0.09%) 12,820.13. General Motors shares made the biggest gains after revealing losses were lower than expected, adding 2.00 (9.43%) to $23.20, whil...