Morning Markets: BP leak and banking blues drag FTSE lower

The FTSE 100 opened down 0.45% or 23.21 points to 5,135.64 as Friday's sell-off on Wall Street dragged the index lower.

BP reversed some of last week's gains after engineers revealed this morning they had detected a leak in the Gulf of Mexico oil well. Its shares fell 5.44% to 385p. Banks continued to weigh on the index following worse than expected results from US peers. Lloyds dropped 1.74% to 58.57p, while Barclays was down 1.7% to 279.8p, while In contrast, International Power's shares soared 7.58% to 340.8p on news it is in talks with French energy group GDF Suez about entering a partnership. On Wall Street, US markets were once again hit by economic growth concerns at the close of trading la...