FTSE declines despite miner advances

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The FTSE100 has had a sluggish start to the week despite smart gains for the mining giants this morning. London's blue-chip index is currently 24.70 points (0.45%) behind to 5430.10.

Leading the losses so far is the London Stock Exchange Group, down 4.3% to 768.50. Higher crude costs have hit oil reliant Carnival, currently 3.48% lower to 1916. ITV is also struggling, down 2.86% to 44.10. Tullow Oil has had the expected boost by the price increase, up 2.36% to 693. A 22% jump in underlying earnings for BHP Billiton has led the mining sector forward, with Anglo American 2.08% ahead to 2792.00 and Antofagasta 1.31% up to 542. In New York, Wall Street advanced on Friday, aided by the strongest dollar level since January. The Dow Jones IA closed the week 43.97 points ...

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