Strong resources lead FTSE fightback

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The FTSE 100 is fighting back from a sluggish start this morning, with the mining and resources sector again leading the way. The blue-chip index is currently 3.50 points lower (0.06%) to 5912.40.

A strong performance yesterday has impacted the London Stock Exchange this morning; it is down 2.85% to 1295 so far. Home improvement and retail group Kingfisher is also lower, down 2.7% to 140.70, while Legal & General is down on a poor start for financials, currently 2.43% lower to 132.70. BG Group is leading the way on a strong day for the resources sector, up 2.84% to 1157, while Xstrata is the pick of a host of pure miners, up 2.56% to 3686. Water group Severn Trent has bounced back for a disappointing day yesterday to be up 2.62% to 1451. In New York, Federal Reserve chairman Be...

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