A drop in the oil price is the main activity for stock trading this morning, as BA has made the most of price shifts while oil firms has seen their values fall.
The FTSE 100 index is relatively flat this morning but has still managed to stay over the 4500 mark at 4507.7 within the first hour of trading while the FTSE All-Share index is at 2239. British Airways has so far gained 5.5p or 2.1% to 266.5p after the price of oil dropped for the second day in a row yesterday, having risen so high last week. This should mean BA’s profits may not be affected. Oil giants BP and Shell Transport & Trading Co, however, have seen their share values fall because the price of oil is down again. BP fell 6p or 1.2% to 486.25p this morning while Shell lost2p or...
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