Share price losses by mining and oil companies have cut about 2 points off the FTSE 100 this morning, but the index remains above the 4,400 level at 4,403.
Mining stocks are looking to lead the index down as coal prices have fallen in South Africa. AngloAmerican is down 20p to 1,264p, BHP Billiton is down 8.25p to 528.75p, and Rio Tinto is down 20p to 1,400p. BP is down 5.5p to 483.25p after news exports from Iraq may be picking up as the spot oil price recedes further from record highs. Shell is down 3p to 398.75p. British American Tobacco is down 5.5p to 818.5p after taking the Turkish government to court over tax levels it says discriminate against foreign brands. Land Securities leads the gainers with a 29p gain to 1,157p af...
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