FTSE recoups some of yesterday's losses

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FTSE 100 has regained some of yesterday's losses after UK stocks rose this morning boosted by mining companies BHP Billiton and Rio Tinto.

The benchmark is up about 21 points, or almost 0.5%, to 4,416. BHP Billiton added 6.5p to 439p on optimism demand for metals from China will not decrease in coming months. Rio Tinto gained 24p to 1,240p. Xstrata, a big coal miner, rose 1.7% to 647.5p. John David Group shed 10p to 214p. The sporting-goods retailer reported its fiscal full-year net income fell 90% from a year earlier after disruptions at its First Sport unit led to dropping sales. Sage Group surged 1.75p to 171.5p after the software provider said fiscal first-half net income increased 17% from the year-ago per...

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