Hurricanes still blowing FTSE down

BP tumbled 2.70% to 647.50p after reporting a weaker than expected fourth quarter underlying profit of $4.98bn from $4.76bn last year following last summer’s hurricanes. Analysts had hoped for around $5.7bn. Retailers also dropped following figures showing their worst New Year for more than a decade. High street like for like sales rose by just 0.2% in January compared with a year earlier. DSG International fell 1.99% to 172.25p and Next fell 1.05% to 1,690p on the report. Kingfisher was also hit by rumours of an imminent profit warning and dropped 0.44% to 226p. Easing copper p...