FTSE gains blown by inflation and fear

The FTSE 100 index closed down almost 48 points or 0.8% to 6,215.7 after the ONS revealed inflation was at 3% in December, triggered in the main by government reforms. This affected most firms which could see profits fall should spending slow At the same time, BG Group took a hit and saw its share value close down 17.5p or 2.6% to 644p as an announcement this afternoon has seen security personnel posted at key utilities firms in the UK in a bid to reduce the risk of terrorist attacks on such centres. Its competitor Cairn Energy also saw its share price fall 48p or 2.82% to £16.54 but ...