HSBC and BP lead FTSE down

The FTSE 100 index fell 37.8 points or 0.9% to 4375 and the FTSE All-Share index fell 16.46 points or 0.8% to 2172.02 while the FTSE 250 index is down 39.8 points or 0.6% to 5917. HSBC is currently down 5.5p or 0.8% to 830.5p and BP – which would have seen higher profit potential in the last few days given the rising oil price – is this morning down 1.75p or 0.3% to 510p. In Asia, negative sentiment in Japan was generated in part because UFJ - the largest bank and one which has substantial numbers of bad loans – reported its profits are down while the firm is already subject to a host...