Banks and miners lead FTSE 100 down

Thursday 7th January 2010

The FTSE 100 lost almost 0.3 per cent in early trading on Thursday, weighed down by the banks and mining sector.

At 09:48 GMT the London index stood at 5,515.74, a drop of 14.30 points, or 0.26 per cent.

The banks were among the biggest losers as traders await the Bank of England's monthly interest rate decision, although no change is expected.

Overall, Capita Group led the drops, down 3.23 per cent to 718p, with Standard Chartered also falling 2.01 per cent.

Thanks to positive trading figures for the Christmas period, Sainsbury's saw gains over 1.89 per cent in the morning trading, with Wolseley leading the gains, up 2.50 per cent.

The interest rate decision is due at 12:00 GMT. ADNFCR-1783-ID-19544202-ADNFCR

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