Morning markets: Essar Energy drops as FTSE remains subdued

Essar Energy was the biggest faller in early trading as the FTSE 100 index continued to show no strong reaction to the latest eurozone developments.

The energy company saw its share price drop by 5.1% to 272.3p in early trading (at 0805 GMT).

Elsewhere, microchip manufacturer Arm Holdings dropped 2.2% to 618p and luxury goods manufacturer Burberry rose 2.1% to 1,391p.

Life insurer Standard Life was down 1.7% to 200.3p, while Vedanta Resources dropped 1.3% to 1,103p.

The biggest climber was broadcaster ITV, up 0.7% to 66.2p, pharmaceutical company Smiths Group and engineer Rolls-Royce Group grew 0.6% to 960p and 731p, respectively.

Testing company Intertek and commodities trader Glencore International both rose 0.4% to 1,929p and 430p, respectively.

To receive more relevant articles like this one, why not sign up to our briefings and breaking alerts by clicking here.