UK benchmark the FTSE 100 is trading about 41 points down near 4,613 points despite a strong surge by Scottish & Newcastle.
Britain’s top brewer is up 9.75p to 392.75p.
SAB Miller is up 6.50p to 763.50p helping put a gloss on the brewing sector.
Prudential is down 27p to 395p after yesterday announcing it needs more money to develop for the future. A £1bn rights issue will provide what the failed attempt to sell internet bank Egg could not.
Northern Rock has lost 14p to 732.50p.
Rio Tinto, the mining company, is down 31p to 1,408p, even after posting "strong" third quarter results. The world's second-largest iron ore exporter said third-quarter production of the steelmaking raw material is up 6% after it started up a new mine, while coking coal output more than tripled.
In Asia, stocks are trading down at close earlier this morning, amid concerns that exporters’ earnings will decline as a result of a two-week slump in the dollar against regional currencies.
In Tokyo, the Nikkei 225 Stock Average lost 1.7% to 10,882.18, led by Toyota.
Asia's biggest automaker lost 1.5% to 4,080 yen. The company's annual operating profit drops 20 billion yen ($184m) for every 1 yen gain against the dollar, says Credit Suisse First Boston in Japan.
Mobile handset maker Kyocera dropped 1.5% to about 7,970 yen.
In the US, The Dow Jones Industrial Average closed down 58.70 points at 9,897.62, led by investment bank JP Morgan Chase, which shed $1.02 to $37.98.
General Motors lost $0.88 to $38.00.
Winners on the US benchmark include International Business Machines, up $3.45 to $89.37 and Honeywell up $0.79 to $35.44.IFAonline
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