FTSE drops towards 4400 points...again

British Airways dropped 2.75p, or 1.1%, to 244p after it reported that fuel costs, which accounts for 11% of the airline’s total costs, will increase by £150m this year. The company has also lost market share on European routes to low- cost carriers as they have cut prices to attract more customers. Its rival, EasyJet, one of Europe’s biggest low-cost airlines, fell 7.5p to 207.75p. W.H. Smith rose 5.25p to 350.25p after the Sunday Times said that buyout company Cinven Ltd. may compete with Permira Advisers Ltd. to buy the company. On Wall Street, the Dow Jones Industrial Averag...