Copper drags on FTSE

Anglo American has fallen 51p, or 2.3%, to 2,135p and Rio Tinto has declined 52p, or 1.9%, to 2,758p. Copper prices in Shanghai fell for the second day on concern the central bank may raise interest rates to slow growth, a move which could damp metal demand. Separately, Anglo American said it agreed to sell its 79% stake in Highveld Steel & Vanadium to Evraz Group and Credit Suisse Group for $675m. GlaxoSmithKline has fallen for the fifth straight session, dropping 16p, or 1.1%, to 1,469p. In Japan, the Nikkei 225 Stock Average lost 252.71 points, or 1.7%, to 14,845.24 points after ...