FTSE dips despite miner gains

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The FTSE 100 slipped in early morning trading after making a quick gain straight after the opening bell.

By 8:45am, the benchmark blue-chip index had fallen 4.78 points (0.11%) to 4225.54. Miners were making fast gains with Anglo American, Rio Tinto and Kazakhmys all rising in early trade. Anglo American was up 3.51% to £17.10 as rumours spread China's Chinalco or Brazil's Vale may step in with merger plans after Xstrata's were rejected on Monday. Rio Tinto, meanwhile, rose 2.87% to £20.77, and Kazakhmys advanced 2.63% to 605p. Stocks making losses this morning included both Experian and Friends Provident, which are going ex-dividend today. As of 8:50 am, the former stock slipped 2.78% t...

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