FTSE slides as miners crumple

Antofagasta is the biggest loser so far with a drop of 1.58% to 468.5p, closely followed by Xstrata which is down 1.54% to £24.31, while Johnson Matthey has slipped 1.41% to £15.42. GlaxoSmithKline is also down 1.31% to £14.30, while property company Hammerson has declined 1.27% to £15.56, although supermarkets are higher following bid speculation, with Sainsbury’s up 0.89% to 541.25p. However, Morrison is posting the biggest gains with a rise of 2.44% to 315p, although life companies are also performing well with Prudential up 1.72% to 682p, while Standard Life has added 0.98% to 308p,...