This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-34345409

The article has changed 3 times. There is an RSS feed of changes available.

Version 1 Version 2
FTSE 100 drops as mining shares lose ground FTSE 100 drops as mining shares lose ground
(about 5 hours later)
(Noon): The London market was trading lower shortly before midday, with mining shares seeing the biggest falls. (Close): The London market closed lower, with mining shares seeing the biggest falls.
A brief early morning rally among UK stocks quickly ran out of steam and the FTSE 100 was down 35.31 points at 5,996.93. A brief early morning rally among UK stocks quickly ran out of steam and the FTSE 100 closed down 70.75 points at 5,961.49.
Mining giant Glencore was the biggest faller, down 6.3%, after Goldman Sachs cut its target price for the stock. Mining giant Glencore was the biggest faller, down 9.6%, after Goldman Sachs cut its target price for the stock.
Shares in Anglo American were down 3.3% after Goldman confirmed its "sell" rating for the company. Shares in Anglo American fell 5% after Goldman confirmed its "sell" rating for the company.
In the FTSE 250, shares in Poundland sank more than 7% after the discount retailer said it would raise £50m through a share placing to help fund its takeover of the 99p Stores chain. In the FTSE 250, shares in Poundland sank more than 14% after the discount retailer said it would raise £50m through a share placing to help fund its takeover of the 99p Stores chain.
Poundland also said that its like-for-like sales fell 2.9% in the 25 weeks to 20 September. It also said there were "indications" that the financial position of the 99p Stores chain had "weakened somewhat" since its original assessment of the retailer.Poundland also said that its like-for-like sales fell 2.9% in the 25 weeks to 20 September. It also said there were "indications" that the financial position of the 99p Stores chain had "weakened somewhat" since its original assessment of the retailer.
Thomas Cook shares rose 1.8% after the travel company said it was on track to meet full-year profit targets and that trading over the summer season had "progressed well". Thomas Cook shares rose 2.6% after the travel company said it was on track to meet full-year profit targets and that trading over the summer season had "progressed well".
The travel firm said that Tunisia was "effectively closed for the time being" following the attack on tourists by a gunman in June, but there had been a "significant increase" in the number of people travelling to Greece and Egypt.The travel firm said that Tunisia was "effectively closed for the time being" following the attack on tourists by a gunman in June, but there had been a "significant increase" in the number of people travelling to Greece and Egypt.
On the currency markets, the pound rose 0.15% against the dollar to $1.5267 but fell 0.3% against the euro to €1.3596. On the currency markets, the pound rose 0.12% against the dollar to $1.5263 but fell 0.63% against the euro to €1.3552.