FTSE on way down after strong start

After being up 1% early, the blue chip index is currently just 0.35% (18.80 points) higher to 5431.60. Carphone Warehouse is the best of the bunch, 4.25% ahead to 186.60; while a Citigroup upgrade to 'buy' has boosted AMEC, 2.99% up to 912.50. Speculation on the future of Marks & Spencer boss Stuart Rose has continued to spook investors, with M&S down 4.63% to 216.50. Royal Bank of Scotland is the worst of the financials, down 4.29% to 197.40. Barclays is also in decline early. Reports European regulators are looking at the possible Rio Tinto and BHP Billiton tie up has hit both miners ...