Reuters leads FTSE decline

Reuters Group is the biggest drag on the index in early trading with a drop of 1.84% to 452.25p, closely followed by ICAP which is down 1.76% to 460p, while Standard Chartered has slipped 1.67% to £14.69. BP has also slipped 1.45% to 576p, closely followed by Drax which is down 1.43% to 826p, although losses are being limited by insurer Resolution which has bounced back from yesterday’s fall with a rise of 1.02% to 644p. ICI is posting the biggest gains so far with a rise of 2.01% to 432p, closely followed by Tesco which is up 1.62% to 392p, while miner Lonmin has gained 1.21% to £31.78...