FTSE starts with a slump
London shares started the week in the red today after a series of profit warnings depressed Wall Street on Friday.
The FTSE 100 Index moved 15.9 points lower to 4967.7 in the first hour as the bad vibes from the United States preoccupied investors.
Ford followed in rival GM’s footsteps by warning on profits on Friday and there was bad news on the US retail scene, with Asda owner Wal-Mart saying monthly sales may not meet expectations.
The latest set of traffic figures from airports group BAA also failed to excite investors, with the stock lifting half a penny to 596.5p.
