Early morning explosions of unidentified nature have closed all London Underground stations in and around the City, helping extend opening losses by the FTSE, which has dropped about 40 points to 5,190.
It is the first day of losses in almost two weeks of trading of the UK’s biggest listed companies. Fears over yet higher oil prices have also resurfaced after traders in the US pushed crude there to $61 per barrel on news of the first major hurricane of the season bearing down on platforms in the Gulf of Mexico. Diageo, the spirits maker, has shed almost 5% or 39.5p to 799p after warning of slowing sales through the rest of the year. British Airways is down 3.5p to 268.75p. Shell leads falls in oil company share prices, dropping 5.75p to 563p. BP is down 5.5p to 624.5p. Standard...
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