UK stocks slump again as FTSE losses mount

The index was down 0.6% at 6,425 in morning trading, following a 0.5% fall on Monday and a 1.3% fall last week. Those drops have all been pinned on investors' concerns over a forthcoming slowdown in quantitative easing in the US, with the Federal Reserve now expected to announce a 'tapering' of QE at its September meeting. The UK's blue chip index is now down 3.2% on a one-month view, though it remains up 8.8% year-to-date. Today's fall was led by energy services company Wood Group, which shed 10% on a warning that project delays and a weakening Canadian business would hurt earnings grow...