Mining stocks cancel out Tesco gains
Mining stocks cancel out Tesco gains
Tuesday 12th January 2010
The FTSE 100 was down over half a per cent in early trading on Tuesday with mining stocks countering gains by supermarket giant Tesco.At 09:10 GMT the London index stood at 5,503.02, a drop of 35.05 points, or 0.63 per cent.
Silver miner Fresnillo witnessed the biggest loss in the morning, dropping 3.7 per cent to 820.5p.
Petrofac and ICAP also suffered significant drops, down 2.56 per cent and 2.42 per cent respectively.
Following the announcement it had experienced its best Christmas in three years, Tesco lead the gains in early trading, up 2.27 per cent to 427.35p.
Standard Life also rose 1.42 per cent in the first hour of trading.
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