The FTSE 100 is down 24.8 points, or 0.38%, to 6,540.6 in early trading, as broker downgrades and poor miners are weighing on the index.
Pub and restaurant firm Mitchells & Butler is the biggest loser with a fall of 2.34% to 854.5p, following a broker downgrade over worries about delays to its plans to improve the capital structure, while Lonmin has fallen 1.37% to £38.03. Land Securities is also down 1.48% to £18.65, closely followed by Home Retail which has slipped 1.27% to 466.25p, while ICAP fell 1.24% to 517.25p, although losses are being limited by Legal & General which is up 0.45% to 154.6p. However, Experian is posting the biggest gains with a rise of 0.98% to 616.5p, closely followed by cruise operator Carnival ...
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