FTSE tumbles down Wall Street

Prudential fell 0.53% to £6.57 despite comments from the head of its Asian operation he expects the life business in Asia to at least double profit from new business in the next three years. Anglo American fell 0.42% to £23.52, BHP Billiton dropped 0.73% to £9.58 and Rio Tinto declined 0.11% to £27.12. Cairn Energy was the top performer, up 4.42% to £20.57, as it benefited from high crude prices and the looming flotation of its Indian business. Xstrata gained 2.02% to £23.26 as Goldman Sachs kept its “buy” advice on the shares and lifted its price target to £39.66 from £30.25. In th...