RBS losses dampen FTSE

Wolseley shares added 19.5p (4.93%) to 415.25, while British Airways recouped yesterday’s loss, adding 9.5 points (3.73%) to 264.5p. Ferrexpo shares dropped 9.5 points (3.44%) to 266.5p, while Cairn Energy lost 86p (3.15%) to £26.42. On Wall Street, shares tumbled over continuing fears about the economy and high levels of unemployment, with the Dow Jones dropping 224.64 points (1.93%) to 11,431.43. Intel corporation shares fell 0.87 (3.82%) to $23.67, while Microsoft added 0.37 (1.37%) to $27.39. AIG shares plummeted as the firm unveiled further writedowns in the first half of 2008,...