Barclays' £6.08bn profit fails to fire FTSE

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The FTSE 100 has fallen almost 1% this morning despite better than excepted results from Barclays boosting the financials sector.

At 9am, London's blue chip index was 38.12 points lower, or 0.89%, to 4,253.75. Although BSkyB won the rights to five of the six packages in the next Premier League broadcast arrangements, it share price has fallen 4.12% to 466. A wave of job losses has hit the mining sector, with Antofagasta down 3.46% on the negative sentiment. TUI Travel is also struggling, 3.2% lower. Real estate group Hammerson has opened sharply ahead after announcing a rights issue to raise £584.2m. It is up 7.56% to 427. Building supplies firm Wolseley is 5.85% higher in sympathy. Barclays' profit before tax...

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