In the UK the FTSE 100 Index lost early ground this morning, losing 11.10 points to 5,066.50 points, led by British Airways.
The airline incumbent has shed 4.50p to 273p on rising oil prices. Financial services firms including Lloyds TSB and Legal & General fell. The former has declined 6.75p to 468.75p, after announcing it expects to take a higher charge for consumer bad debt provisions during the first half of this year. L&G has shed 1.50p to 110.50p. Bank of Scotland is down 22p to 1,649p. Oil majors Shell and BP have added 7.25p to 523.75p and 8p to 594.50p, respectively. In Japan the Nikkei 225 Stock Average shed or 0.3% to 11,483.35 on the back of rising oil prices, breaking its seven-day winning s...
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