FTSE steels itself for a recovery

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The FTSE 100 has started to recover slightly from its steep drop this morning thanks to Corus, although it is still down 75.2 points to 5,836.9, as miners continue to top the list of fallers.

Xstrata is currently the biggest loser with a fall of 7.14% to 2,238p, closely followed by Kazakhmys which has slipped 6.58% to 1,228.5p, while BHP Billiton is in third place with a drop of 5.35% to 1,105.5p. On the upside, Corus steel is doing its best to rally the index with a rise to 418.75p, closely followed by Cambridge Antibody Technology Group which has gained 63.59% to 1,294p. Earlier this morning shares dropped 2.65% to 5,755.4, following a bad day on Friday when the FTSE 100 slumped as equities nosedived on a weak dollar taking the FTSE down by 2% on the day to 5912, having st...

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