FTSE strong as oil prices slide

The oil price sunk after Hurricane Gustav was downgraded, easing damage fears on US offshore drilling sites. Thomas Cook leads a strong travel sector so far, 7.51% ahead to 247. Oil reliant British Airways is also revelling in the crude cost drop, up 6.02% to 277.50. The Government’s housing market plan has lifted building supplies firm Wolseley, 7% to 492.75. Tullow Oil and John Wood Group unsurprisingly head the losses, down 6.83% to 737 and 4.89% to 433 respectively. Miners are also lower once again, with Eurasian 4.85% behind to 923. In Tokyo, the shock resignation of Prime Ministe...