FTSE tumbles on bank and mining falls

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In London, markets lost considerable ground as banking and mining stocks fell and the FTSE 100 was down 69 points, or 1.07%, to 6,396.9.

National Grid shares made the biggest gains, up 19 points, or 2.5%, to 780p, followed by Man Group, which gained 11.5 points, or 2.2%, to 534.5p. Scottish & Southern Energy shares climbed 20 points, or 1.38%, to £14.73, Smiths Group added 13 points, or 1.24%, to £10.63, and Hammerson shares were up 12 points, or 1.06%, to £11.40. Vedanta Resources lost 145 points, or 6.49%, to £20.90, followed by Antofagasta, down 53.5 points, or 6.35%, to 789.5p, and Taylo Wimpey fell 15.5 points, or 5.72%, to 255.5p. On Wall Street, market climbed in early trading and the Dow Jones added 13.58 points...

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