Trading in London was dominated by news BAE Systems is to be investigated by the US Justice Department, with the stock dragging the FTSE100 down 29.1 points or 0.44% to 6559.30.
BAE, Europe’s largest arms manufacturer, expectedly took the largest hit – closing the day down 34.50 points or 7.80%, to 407.75. Rolls-Royce Group shares also fell, finishing down 13.50 points or 2.47%. However, British American Tobacco saw some big gains ahead of the England wide smoking ban, with shares rising by 47 points, or 2.85%. Tate & Lyle shares also gained, up 11.50 points, or 2.01%. On Wall Street, the Dow Jones climbed in early trading as traders await a new government report on new home sales, up 11.13, or 0.08%, to 13,363.18. Merck made the biggest gains and added 1.08 p...
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