Lacklustre US market drags FTSE down

Shares in British Airways soared 8% today after weakening oil prices and a rival transatlantic operator appointed administrators.

Fri, 30 May, 2008 - 18:18

Shares in British Airways soared 8% today after weakening oil prices and a rival transatlantic operator appointed administrators.

The lower crude prices meant a poor session for heavyweight energy stocks, while a lacklustre opening in US markets saw the FTSE 100 Index give back earlier modest gains to close 14.6 points down at 6053.5.

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CourtsBusinessHeathrowPlace: USPlace: LondonPlace: UKOrganisation: British AirwaysOrganisation: Wall StreetOrganisation: SilverjetOrganisation: BegbiesOrganisation: Tullow OilOrganisation: WoodOrganisation: BG GroupOrganisation: OriginOrganisation: FootsieOrganisation: BHP BillitonOrganisation: Rio TintoOrganisation: BPOrganisation: Royal Dutch ShellOrganisation: CarnivalOrganisation: FirstGroupOrganisation: Moody’sOrganisation: HBOSOrganisation: Lloyds TSBOrganisation: Alliance & LeicesterOrganisation: PartyGamingOrganisation: US Department of JusticeOrganisation: DSG InternationalOrganisation: Morgan StanleyOrganisation: Cadbury
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