Miners bore into early FTSE

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London is struggling this morning as falling metal prices cause miners to drill into the FTSE 100, with the index currently 30.9 points down, or 0.51%, to 6071.3.

It’s the blue chips doing the damage; with Xstrata currently the main culprit, down 62 points, or 2.19%, to 2770. Antofagasta is falling even as it announced an 8% first-half profit increase and a 5% sales gain, down 14.5 points, or 2.12%, to 669. Anglo American is not doing too much better this morning, 54 points down, or 1.99%, to 2666. Whitbread is having a good start to the day, after posting a strong result in the 14 weeks to 16 August. Its total sales increased 11.3% and like for like sales were up 6.6%, driving its share price 32 points higher, or 2.05%, to 1590. In New Y...

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