(Updating with further details) LONDON (Thomson Financial) - UK business investment dropped sharply during the first quarter as the credit crunch dampens companies' willingness to invest, official figures showed. The final estimate from the Office for National Statistics showed business investment fell by 1.8 percent in the first quarter from the fourth quarter. On an annual basis, business investment was 4.5 percent higher. The figures are revised from the preliminary estimate for a smaller quarterly fall of 1.4 percent and for an annual gain of 3.7 percent. The details of the release showed that the fall over the ... (full story)