FTSE hangs on as BP slips on oil

BAA has climbed 21.5p, or 2.8%, to 800.5p. Grupo Ferrovial SA, Spain's second-biggest builder, may have been approached by Singapore and Caisse de Depot et Placement du Quebec, a Canadian fund manager, in connection with a bid for BAA, the Financial Times has reported. Meanwhile, BP has slipped 3.5p, or 0.5%, to 639.5p. Oil traded below $60 as rising US inventories eased concern about supplies before the peak summer motoring season. Crude oil for March delivery rose 0.3% to $59.75 a barrel in after-hours electronic trading on the New York Mercantile Exchange. In Japan, the Nikkei 2...