British Land sends FTSE falling

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The FTSE 100 is slowing down from its four year high yesterday with a small drop of 5.2 points, to 5,526.5, with British Land leading the decline.

British Land is heading the losers by falling 31p, or 3.02%, to 995.5p, closely followed by Land Securities Group, which has dropped 41p, or 2.57%, to 1,555p. But BHP Billiton has headed in the opposite direction, tracking gains by the mining sector in Australia overnight after copper prices rallied. The company has added 14p, or 1.6%, to 889p, after it announced plans to develop its Stybarrow oil field near Exmouth off Western Australia, with first production scheduled for the first quarter of 2008. Rio Tinto has also risen 23p, or 0.96%, to 2,407p, while Anglo American has gained 13p,...

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