BA grounds FTSE

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In the UK the FTSE 100 Index has retreated a further 10 points to 5348.60 this morning, led by British Airways.

Higher oil prices and a striking crisis have sent shares in the carrier down 5.75p to 286.5p. BA has cancelled as many as 500 flights today, leaving 70,000 passengers stranded, after baggage handlers and ground staff stopped working for a second day at Heathrow. The 1,000 British Airways baggage handlers and staff are protesting in support of 650 fellow union members at the Gate Gourmet airline catering company who were sacked earlier in the week. Barclays has also lost 6.5p to 576.5p. On the winning end, Reckitt Benckiser has climbed 28p to 1708p, after analysts raised its price tar...

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