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FTSE 100 edges lower as mining firms lose ground | |
(about 5 hours later) | |
(Noon): Mining shares weighed on the UK market after metal prices fell, while Morrisons dropped on reports it is in talks to sell its convenience stores. | |
The FTSE 100 index was down 13.89 points at 6,536.85. | |
Falls in the prices of metals hit mining shares, with Glencore falling 0.6% and BHP Billiton down 0.7%. | |
Supermarket group Morrisons fell 1.4% following a report in the Telegraph that it is close to selling its 160 M-Local convenience stores. | |
The Reuters news agency reported that Morrisons was in talks to sell the chain to investment firm Greybull Capital. | |
Plumbing supplies firm Wolseley was one of the top risers in the FTSE 100, climbing 1.3% after Citi upgraded its rating on the stock to "buy" from "neutral". | |
Shares in Bovis Homes fell 5% despite the company reporting a rise in half-year profits and saying its house sales hit a record high in the period. | |
On the currency markets, the pound fell 0.1% against the dollar to $1.5627 and rose 0.12% against the euro to €1.4101. |