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FTSE hit by swine flu fears

The FTSE 100 opened lower this morning at 4,133 down from Friday’s close of 4,156 with news of Mexico’s swine flu epidemic sending London equities tumbling.

By 9.05am, the index was down 1 per cent to 4,114 with tourism and airline stocks plunging amid fears of a further flu outbreak.

British Airways was down 7.9 per cent to 151p and Thomas Cook declined 6.7 per cent to 263.75p.

Banks held onto Friday’s gains with Barclays up 2.3 per cent to 241.50p, Lloyds Banking Group up 1 per cent to 101p and Royal Bank of Scotland up 2.4 per cent to 34.10p.

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