BP leak and banking blues drag FTSE lower

BP reversed some of last week's gains after engineers revealed this morning they had detected a leak in the Gulf of Mexico oil well. Its shares fell 2.98% to 395p. Banks continued to weigh on the index following worse than expected results from US peers. Royal Bank of Scotland was down 0.96% to 43.29p, while Lloyds dropped 0.74% to 59.17p. Bucking this trend, HSBC was one of just two risers in early morning trading; up 0.27% to 623.3p. Schroders also advanced by 0.58% to £12.08. On Wall Street, US markets were once again hit by economic growth concerns at the close of trading last...