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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

FTSE slips on talk of Saudi intervention in Bahrain

The market has edged into negative territory on further worries about the situation in Libya and the Middle East.

Specifically, reports that Saudi Arabia was sending tanks to Bahrain ahead of the latest pro-democracy demonstrations in that country have unnerved investors. Analysts have been wondering if Saudi planned to intervene, and these reports - if accurate - suggest it does. The real concern for the West is if the unrest spreads to Saudi itself.

Brent crude is up nearly $1 a barrel to $112.80, while the FTSE 100 has lost its earlier gains to sit 6.60 points lower at 5987.41.

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