Mining firms spoil FTSE 100 position

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The FTSE 100 index has shed further value today and closed down 34 points to 4,962.1 points, led by firms in the mining sector.

Xstrata led the drop losing 30.5p to £10.46, along with Antofagasta which ended down 38p to £13.32. Rio Tinto also dropped 49p to £17.90 after reports suggesting it might bid for WMC Resources to extend its copper and uranium output, and even though BHP Billiton has already put in a $7.3bn offer. Anglo American completes the spectrum of mining stocks, retreating 31p to £12.56 at the market close. On the other end of the board, Tate & Lyle advanced 17.75p to 534.75p, while Morrison supermarkets jumped 4.75p to 222.5p, along with Tesco picking up 5.75p to 314.50p. Market research compan...

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