FTSE skids on oil

BP has decreased 5p, or 0.7%, to 668p and Cairn Energy has retreated 47p, or 2%, to 2,368p. Oil slipped as much as 1.1% to $72.50 a barrel in New York after Iran's president said the country is willing to comply with any United Nations decision on its programme if the resolution is based on international rules. Anglo American has lost 52p, or 2%, to 2,495p, while Rio Tinto has fallen 46p, or 1.4%, to 3,276p. Friends Provident has also dropped 2p, or 1%, to 192.75p after it was lowered to "sell" from "hold" at Societe Generale. Meanwhile, Schroders has added 36p, or 3.2%, to 1,164p a...