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London stock market falls by midday

London stock market falls by midday

Write: Brandeis [2011-05-20]
LONDON ,June 2-Shares in BP fell a further 2.2 percent Wednesday on news that the U.S. government had begun criminal and civil investigations into the Gulf of Mexico oil spill.

Worries over BP also hit other energy shares and helped to drag the wider market lower. The FTSE 100 index was down 52.42 points, or 1.02 percent, to 5,110.88 points at midday trading.

Prudential shares dropped 2.8 percent after the insurer confirmed it had abandoned its plans to buy Asian business AIA.