FTSE 100 falls 1.6 percent as oil majors and BAE weigh

London's FTSE 100 fell 1.6 percent as Shell and BP tracked lower oil prices. BAE Systems also declined while British voters headed to local polls on Thursday.

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Insights:

X FTSE 100 1C fell 1.6% to 10,276.95 on May 7 as energy and defense stocks weighed on the blue-chip index. The decline follows a 2% surge during the previous session, while the mid-cap X FTSE 250 1D gained 0.2%.

Energy and Defense Drags

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