Energy and banking firms were out of favour with investors today as the London market slid lower.

London’s FTSE 100 Index dipped lower today as banks and energy firms weighed on the market.

Bargain-hunting investors gave the London market a much-needed boost today after three successive losing sessions.

High street British baker Greggs today shrugged off the impact of soaring raw material costs to deliver a 12% hike in underlying pre-tax profits to £49m (€64m).

High street baker Greggs said today it was coping with record prices of wheat and other ingredients as it posted 5.6% sales growth over Christmas.

London’s leading shares ended the week in the red today as updates from heavyweight firms BSkyB and British Airways disappointed investors.

The FTSE 100 Index kicked on this morning despite a negative response in the market to results from British Airways and BSkyB.

The father of a baby boy who was murdered in a British high street shop was continuing to be questioned by police today.