FTSE down as ITV switches off

ITV is having a tough time after it pledged to cut costs and sell assets to boost growth; it is 2.3 points down at this stage, or 2.04%, to 110.4. Miners are struggling with Kazakhmys at the forefront, its 25 points down, or 1.9%, to 1291. Home Retail is leading the gains after it forecast good first-half results; currently 13 points higher, or 3.24%, to 413.75. Next is also doing well on a good morning for retailers, it is up to 1987, a jump of 47 points, or 2.42%. It was a solid session in New York overnight, with the Dow Jones up following confidence interest rates would be lower...