Miners drag FTSE down 0.5%

Xstrata led fallers, down 1.74% to £13.56, followed by Fresnillo, dropping 1.72% to £14.25 and Rio Tinto, which declined 1.58% to £42.46. Meanwhile, Invensys shares soared 7.59% to 343p as rumours intensify over a Chinese takeover bid for the company. Other risers include Serco Group, up 3.55% to 583p, while platinum miner Lonmin advanced 1.75% to £17.98 after reporting a full-year profit compared to a loss last year. On Wall Street Friday, the Dow Jones slipped 0.8% or 90.52 points to 11,192.58 on European sovereign debt concerns and fears China will raise interest rates. The...