The FTSE 100 Index fell 95.60 points, or 1.6%, to 5,675 points today, led by tension in the Middle East.
Oil prices traded at $76 a barrell, breaking the previous intraday high set last week, on the renewed tension in the Middle East. BP rose 0.16% to 641p but Royal Dutch Shell dropped 1.24% to 1,906p. Aviva fell 3.23% to 690p after it agreed to pay $2.9bn for US life insurer AmerUs and said first-half trading has been strong. InterContinental declined 1.36% to 941p even though it agreed to sell seven European hotels to Morgan Stanley Real Estate Funds for £440m cash. Miners also fell as copper prices eased from recent six-week highs. Antofagasta fell 3.42% to 430.25p, Rio Tinto...
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