Energy stocks fail to boost FTSE

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The FTSE 100 is down 11.8 points or 0.19% to 6,312.4, as news bid talks for Resolution have failed has pulled the index lower.

Insurer Resolution is the biggest loser with a fall of 5.02% to 615p, closely followed by Vodafone which has declined 3.32% to 136.9p, while British Airways has dropped 1.61% to 490p. Property companies are also down with Hammerson slipping 1.05% to £16.97, while Liberty International has dropped 1.37% to £12.26, although Kingfisher is leading a rally with gains of 3.05% to 278.75p. Energy and mining stocks are performing well with Drax up 1.54% to 793p, while Scottish & Southern Energy has added 1.32% to £15.39, miner Kazakhmys is up 1.57% to £11.68, and Rio Tinto has advanced 1.05% to...

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