Sluggish session for FTSE

The FTSE 100 Index edged lower in an sluggish session today despite rumours over funding plans from beleaguered oil giant BP sparking some interest.

BP, which plunged to below 300p and hit a 14-year low last month, added more than 3% or 11.3p to 333.3p after talk that it could raise £6bn (€7.23bn) by selling off a stake to rival oil groups or sovereign wealth funds.