The benchmark FTSE 100 is currently down 22.00 points to 4,241.90 after UK stocks fell this morning ...
The benchmark FTSE 100 is currently down 22.00 points to 4,241.90 after UK stocks fell this morning paced by losses made by Xstrata and BHP Billiton.
BHP Billiton fell 8p to 428.5p after an analyst at Dresdner Kleinwort Wasserstein cut the European mining industry to "underweight" from "neutral".
Xstrata, the world's fourth-largest coal exporter, shed 13p to 504.5p.
Derwent Valley Holdings dropped 23p to 635.5p. The real-estate company said the net value of its assets declined 12% in the first half because of deterioration demand for lettings in London.
Dixons Group advanced 8.5p to 145.5p. Britain's largest consumer-electronics retailer announced that sales rose 19% in the first four months of the fiscal year.
Woolworths Group gained 4.5p to 42.5p. The company said its first-half loss shrunk as sales rose and the company cut costs and reduced shoplifting.
In Asia, Tokyo's Nikkei 225 index fell 65.72 points to 10,856.32 earlier today, and Hong Kong's Hang Seng declined 230.74 points to 10,816.08.
And across the Atlantic, trading ended down yesterday as the Dow Jones Industrial Average index lost 79.09 points to 9,507.20 by the close.
The S&P 500 index ended down 8.47 points to 1,023.17, and Nasdaq's Composite index also ended down 15.19 points to 1,873.43.
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