Supermarkets feed FTSE struggle

Despite strong weekly trading results announced for Waitrose, supermarkets lead the index's decline with Morrison Supermarkets plunging 4.69% and Tesco tumbling 4.65%. However, shares in Royal Bank of Scotland Group (RBS) rocketed 10.99% as the troubled bank announced another swathe of job cuts ahead of a tempestuous AGM. British Airways shares soared 9.18%, its value also boosted by a job cuts announcement. Approximately 300 employees have opted to take voluntary redundancy, according to the company. Thomas Cook has lifted 7.14%, flying high on sterling's rally ahead of the Easter br...