Egypt crisis weighs on FTSE

The FTSE 100 has started the week in negative territory as the crisis in Egypt continues to unsettle investors.

Shortly after opening, London's leading share index was down 0.6%, or 37 points, to 5,843 as investors remain spooked by the scenes of civil unrest in the Egyptian capital. Travel stocks are dragging on the index, with International Consolidated Airlines Group the morning's biggest loser, down 3%, and TUI Travel down 2.9%. Sainsbury's tops the leader's board, up 0.4%, whilst Rexam has made similar gains following a forecast profits within its North American division will be flat. The FTSE's slump follows overnight falls throughout Asia, with Japan's Nikkei down 1.1%, Hong Kong's Ha...