Miners drag FTSE down

Miners make up they top five losers in early trading, with Vedanta Resources down 3.86% to £12.70, closely followed by Anglo American which has slipped 3.82% to £21.42. In addition BHP Billiton has fallen 3.36% to 949p, while Kazakhmys has dropped 3.11% to £12.46, with Rio Tinto slipping 3.07% to £25.90, as aluminium and nickel prices also fell. On the bright side Prudential is performing well with gains of 1.2% to 590p, following unconfirmed newspaper reports Swiss Re has offered to buy its closed UK life funds for about £5bn. Meanwhile Sainsburys is trying to lead a rally with a ...