Morning Markets: FTSE slumps as investors question recovery

The FTSE has opened lower upon investors' concerns the index has out-paced the recovery as it hit an 11 month high yesterday.

Halting three straight days of gains, miners dominated the fallers' board following strong gains earlier in the week, as London's blue chip index lost 13.40 points (0.27%) to 4933.94 in early trading. Lonmin tumbled 4.09% to £16.42 as Merrill Lynch downgraded the company to ‘neutral' with the broker citing its recent price surge on the back of M&A speculation with Xstrata. Eurasian Natural Resources and Antofagasta fell 2.52% to 851p and 2.03% to 748p respectively, as the price of gold threatened to dip back below the $1,000 an ounce barrier. However, British Airways has gained 2.4...