LONDON (ShareCast) - 1030: Miners continue to be a drag on the Footsie (news) , with Lonmin (LSE: LMI.L - news)
, BHP Billiton (LSE:
BLT.L -
news) and Rio Tinto (LSE:
RIO.L -
news) the main fallers, the latter despite being chosen by UBS (Virt-X:
UBSN.VX -
news) as its preferred stock in the sector. The broker says: "We believe that the conclusion of the refinancing of Rio's balance sheet will represent a substantial catalyst for the stock and as a result Rio will close the valuation gap between it and rival BHP Billiton." FTSE 100 is down 11 at 4,269.
0911: Leading shares are mixed, with insurers enjopying mixed fortunes. Friends Provident and Prudential feature prominently among the laggards but Standard Life (LSE: SL.L - news) and Legal & General (3166.KL - news) are close to the top end of the table. FTSE 100 is down 3 at 4,276.
0821: London's top stocks are lower in early dealings Thursday following a weak finish in the US last night, with miners among the main fallers. In corporate news, full-year underlying profit plunged 78% at electrical retailer DSG International (LSE: DSGI.L - news) as the recession forces consumers to rethink spending. FTSE 100 is down 14 points at 4,265.
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