Investors ditch UK blue-chips in face of better returns overseas
FTSE 100 falls accelerated through the afternoon session despite a firm start on Wall Street, with the S&P 500 and Nasdaq trading higher. Reports that the US and China could release some of their strategic oil reserves appear to have taken their toll, and despite a recovery in the price of Brent crude, up 0.7% at $80.87 a barrel, both BP (BP.) and Royal Dutch Shell (RDSB) posted near ...