Mining firms continue rally while FTSE falls

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In the UK, the FTSE 100 Index has started poorly, shedding around 12 points to 4925.20 points in morning trading.

Morrison has dropped 10.25p or 4.8% to 201.75p after the supermarket chain cut its profit forecast for the second time in nine months, because its purchase of Safeway has done little to bolster its market share. Land Securities Group and British Land are both down too, 40p to £13.00 and 20p to 799.50p respectively. Mining firms including Antofagasta and BHP Billiton - influenced in part by a a surge in oil prices - are trading well, adding 14p to £13.20 and 5.50p to 737p. BP has also advanced 4p to 564.50p this morning. In Japan, the Nikkei 225 Stock Average index has dropped 0.8% ...

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