Mining sector reported 162% rise
The FTSE 100 fell 50 points, or just under 0.9%, in early trading on Tuesday as investors got their first opportunity to act on a disappointing US jobs report on Friday.
Mining company Xstrata has formally announced its intention to merge with Glencore, the world's largest commodities trader, creating a commodities 'powerhouse'.
Schroders' Richard Buxton has revealed the top ten stocks he is backing in his £2.7bn UK Alpha Plus fund heading into 2012.
Updated at 14.30: London's FTSE has stormed through the 6,000 barrier to hit 6026, up 2.2%, as strong corporate earnings and a new record high for gold prices triggered a European rally.
The FTSE 100 remains on track to make gains for the sixth day in a row, with miners powering ahead.