FTSE dealt a bad hand by PartyGaming

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The FTSE 100 index closed down 0.12% at 5,780 points today as PartyGaming's poor showing offset gains posted by oil major companies, and Cable & Wireless lost all of its earlier gains.

PartyGaming continued tits slide from Friday, ending the day down 5.85% to 132.75p. Cable & Wireless also dropped 0.22% to 114.50p despite starting the day as the biggest riser, as it is reported Iceland's richest man, the value investor Thor Bjorgolfsson, was building a stake in the firm. Mining giants saw mixed performance as BHP earned 0.76% to 1,060p, Rio Tinto rose 0.68% to 2,953p and Antofagasta gained 1.36% to 2,080p. At the same time, however, Anglo American dropped 1.01% to 2,165p, Kazakhmys was down 0.23% to 885p and Xstrata dropped 2.26% to 1,598p. African Copper rallied...

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