Miners drag FTSE lower

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The FTSE 100 is slightly down in early trading with a drop of 5 points, or 0.09%, to 5,826.8, as mining stocks are weighing heavily on the index.

Miners fell after copper declined, gold hit an almost three-month low, and base metals slipped, causing Kazakhmys to drop 3.47% to £11.68, while Anglo American is down 3.46% to £20.64 and Xstrata has slipped 2.84% to £20.90 after going ex-dividend. However steelmaker Corus is attempting to lead a rally with gains of 2.36% to 368.25p, closely followed by Man Group which is up 2.29% to 435.5p, after it reported the net asset value of Man AHL Diversified Futures rose 1.17% last week. Amvescap is also up 1.49% to 544p, while Standard Chartered bank has gained 1.36% to £13.38, and Standard L...

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