Cool start for FTSE

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A fall has seen the FTSE 100 Index shed about 27 points to 4,733 this morning, paced by Reuters and British Airways as oil prices have again touched the $50 level.

Reuters has fallen 12.25p to 396.75p, while British Airways has dropped 5.50p to 218.25p. Cable & Wireless is down 2.50p to 114.50p as shares of the telecoms operator have been downgraded by CSFB. MM02 is up 0.5p to 115p. Boots is up 2.50p to 635.50p following another week of buying back shares for cancellation. In Asia, stocks are down on concern of weaker earnings by exporters as the US dollar continues to fall. Japan's Nikkei 225 Stock Average index shed 2.1% to 10,849.39 at close earlier today, its biggest one-day fall since the middle of October. Automaker Toyota lost 3% ...

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