FTSE slides as miners crumple

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The FTSE 100 is down 27 points, or 0.43%, to 6,200.73 in early trading as a bout of profit taking among mining stocks has pulled the index lower.

Antofagasta is the biggest loser so far with a drop of 1.58% to 468.5p, closely followed by Xstrata which is down 1.54% to £24.31, while Johnson Matthey has slipped 1.41% to £15.42. GlaxoSmithKline is also down 1.31% to £14.30, while property company Hammerson has declined 1.27% to £15.56, although supermarkets are higher following bid speculation, with Sainsbury’s up 0.89% to 541.25p. However, Morrison is posting the biggest gains with a rise of 2.44% to 315p, although life companies are also performing well with Prudential up 1.72% to 682p, while Standard Life has added 0.98% to 308p,...

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