FTSE falls under pressure from oil forecasts

Oil giant, BP, announced a rise in profit for the third quarter despite struggling with reduced facilities in the wake of the recent hurricane activity, but investors focused on the weaker-than-forecast third quarter clean net income of $5.33bn. The company’s shares ended the day down 1.22% to 609p. Reckitt Benckiser also fell back losing 67p, or 3.74%, to 1724p after the household cleaning products group warned of continuing pressure on costs and said it would raise prices to counter the impact. The news overshadowed Reckitt’s highest ever quarter for net revenues and reassurance that it...