Miners drop FTSE

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The benchmark FTSE 100 is currently down about 5 points at 4,475 after UK stocks dropped this morning paced by the mining industry.

BHP Billiton, one of the world's largest mining companies, lost 9p to 510.5p on concern that increasing supply will depress metal prices. Antofagasta, a miner, shed 22p to 1,058p, and Rio Tinto, an iron-ore exporter, also lost 1.9% to 1,377p. Lastminute.com dropped 5p to 220p after the website said its second-quarter gross profit margin was little changed from the previous quarter. Xansa gained 3.5p to 92p. The computer-service provider has been selected to work with the Office for National Statistics. In Asia, Tokyo's Nikkei 225 index gained 121.38 points to 12,079.70 earli...

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