Mining firms pull FTSE 100 lower

April 5, 2016 8:49 am Published by

FTSE 100 dragged lower by mining firms

  • 5 April 2016
  • From the section Business

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(Open): London’s benchmark shares index opened lower, as shares in mining companies fell.

The FTSE 100 dropped 57.98 points, or 0.9%, to 6,106.74 in the first few minutes of trade.

Mining companies saw the biggest losses, with shares in BHP Billiton, Glencore and Anglo American all down by more than 3%.

In the FTSE 250, shares in Card Factory rose 3.5% after it posted strong full-year results and raised its dividend.

Full-year pre-tax profits nearly doubled to £83.7m, and the retailer increased its dividend by a third.

On the currency markets, the pound fell half a cent against the dollar to $1.4218, and was flat against the euro at €1.2523.

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This post was written by FSB News