| Footsie falls again as BA share price slides |
Shares in British Airways continue to slide after it announced 7,000 job cuts and said it would reduce its number of flights.
BA, which has seen its share price tumble sharply in the wake of the US atrocities, is down a further 6% or 10p to 153p.
The Footsie index of 100 leading stocks was off 70.2 points by 9am at 4651.5, with further losses overnight on the Dow Jones Industrial Average doing little for confidence.
The latest fall comes a day after more than £29 billion was wiped from the value of London shares as investors continued to panic about the economic implications of last week's events.
Oil stocks were doing little to lift the market following Shell's announcement yesterday that it had scaled back production targets. Shares in Shell are down 24p at 460p; while BP is 18p lower at 526p.
Another notable faller is telecoms equipment company Marconi, down 6% or 1½p to another record low of 24p on the eve of its departure from the Footsie 100.
The handful of stocks in positive territory include the control systems group Invensys, up 4% or 1¾p to 43¾p, after it reassured investors that it saw no reason for the recent fall in its share price.
Story filed: 09:36 Thursday 20th September 2001
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