FTSE dragged down by BA owner, IAG
|London | Wall Street | Asia|
(Close): Shares in BA owner IAG dragged the FTSE lower on Friday, after the index initially opening higher.
The airline group fell nearly 3.5%, despite news that Qatar Airways had built a 10% stake in the firm.
Overall, the FTSE 100 closed down 0.9%, or 61 points, at 6,749.4.
BT shares were also lower, down by 2.7%, after its third quarter results revealed its pension deficit had swollen to £7bn and it is introducing a 16-year recovery plan.
Eurozone inflation numbers confirmed a slip for the 19-strong country bloc into deflation, worsening from December's -0.2% to -0.6% in January.
This though was largely thanks to an 8.9% fall in energy costs with less volatile prices showing inflation.
Deflation worries investors as it can put people off spending while they wait for further price falls.