US slide takes FTSE for the ride

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The FTSE 100 index has started the day down for the third time this week, shedding around 30 points to hover three points above the 5,000 points mark.

While US markets would undoubtedly have affected the blue chips stocks index, it was the banks which saw the biggest falls in early trading, as Barclays tumbled 19p to 586p, along with Standard Chartered which was down 25p to 973p. Cadbury Schweppes, meanwhile, in attempt to stem the blood flow, has added 12.50p to 524p, along with Cairn Energy up 13p to 1202p. Japanese stocks also declined, led by automaker Toyota Motor for the second straight day, after oil prices topped $51 a barrel for the first time in four months, raising concern fuel costs will curb consumer spending worldwide. ...

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