Property stocks knock FTSE lower

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The FTSE 100 is down 17.3 points, or 0.27%, to 6,396, in early trading as property companies continue to weigh on the index.

Brewing giant SABMiller is limiting losses with a rise of 1.79% to £11.39, following a strong trading update, while British Airways is up 1.39% to 510.5p, and HBOS has added 0.85% to £10.65. Miner Kazakhmys is also up 0.68% to £11.82, while Vodafone has advanced 0.65% to 139.4p, although Scottish & Newcastle is dragging the index lower with a fall of 2.51% to 583.5p, and Man Group has dropped 2.14% to 547.5p. However property groups are posting the biggest losses with Land Securities Group falling 2.53% to £21.23, closely followed by British Land is down 2.29% to £15.35, and Liberty I...

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