LONDON, Oct 29 (Reuters) - Britain's FTSE 100 opened lower
on Monday, spooked by Hurricane Sandy, which has already forced
hundreds of thousands of people on the U.S. East Coast to flee
their homes and has shut the influential U.S. stock market for
at least one day.
That added extra uncertainty to global financial markets
already suffering from concerns about the health of the world
economy and a relatively gloomy third quarter reporting season,
which has so far seen a third of UK companies miss expectations.
Heavy-weight energy stocks were a key drag on the British
bourse, dented by a drop in oil prices as the storm prompted
refineries in the region to shut operations.
By 0802 GMT, the FTSE 100 was down 20.26 points, or 0.4
percent at 5,786.45 points, closing in on a one-month intra-day
low of 5,753.31 points set the previous session.
(Reporting By Toni Vorobyova)