UK shares dip after overnight losses in Asia

UK shares were once again lower this morning, extending yesterday's sharp losses as falls in Asia overnight impacted confidence.

Following on from yesterday's 1.5% drop, which left the FTSE 100 at 5,672 points, shares continued to slide marginally in the opening minutes of trading, with the index down 5 points at 5,667. BP was the main culprit, its shares down 3% at 423p after the US accused it of gross negligence by causing the Gulf of Mexico disaster, while miners were also weaker. Losses came after a tough session in Asia which saw major indices take a tumble. The Nikkei 225 closed down 1.1% at 8,679.8, while the Hong Kong Hang Seng Index was 1.4% weaker at 19,160.9. In the US markets also finished wea...