Morning Markets: FTSE lower on poor opening in Europe

In a turbulent morning, the FTSE 100 has fallen to 5,284.53, down 18.34 points or 0.35%. It headed higher at the start of trade, touching 5,336 for a gain of 34 points, following overnight rises on Wall Street and Japan. Miners lead the way as yesterday's laggards set the early pace, with Anglo American, Rio Tinto, Fresnillo, Xstrata, Lonmin and Randgold all higher. ARM Holdings, the technology firm, leads the pack with a 1.9% jump. Utilities find themselves out of favour. United Utilities, Severn Trent and Pennon are all down. In Europe stocks have opened lower. The French CAC ...