Miners drag FTSE lower

Tate & Lyle was the biggest drag on the index with a fall of 5.48%, to 775.5p, closely followed by Cairn Energy which slipped 2.77% to £18.61, while miner Lonmin fell 2.03% to £30.88, and Vedanta Resources dropped 1.77% to 312.23. However, losses were limited by Smith & Nephew which posted the biggest gains with a rise of 8.13% to 521.75p, closely followed by cruise operator Carnival which rose 2.2% to £25.04, while insurer Standard Life climbed 2.19% to 303p. In the US, the Dow Jones Industrial Average is up 23.47 points, or 0.19%, to 12,468.99, in early trading. Altria Group is post...