FTSE lower after late plunge

International directories company, the Yell Group, lost the most ground, falling 18 points, or 3.81%, to 454.5. Johnson Matthey didn’t fare too much better, the advanced materials producer dipped 63 points, or 3.73%, to 1627. BHP Billiton highlighted a mixed day for miners, the Australian giant finished 50 points down, or 3.71%, to 1298. On the positive side, news IFC invested $20m in Lonmin drove the miner up 52 points, or 1.70%, to 3114. Scottish & Newcastle also did well as bid talk firmed; it closed 7.5 points up, or 1.31%, to 580. In New York, the Dow Jones started well, but ...