Morning Markets: FTSE slides on miners

The FTSE 100 dropped 76.69 points this morning to (1.82%) to 4,091. Miners took the biggest dive,...

The FTSE 100 dropped 76.69 points this morning to (1.82%) to 4,091. Miners took the biggest dive, with Xstrata, Eurasian Natural Resources and Vedanta Resources some of the biggest losers at 9.01am. Xstrata dropped 7.67% to 554.00p, while Eurasian Natural Resources fell 6.52% to 559.50p. Vedanta Resources, India's biggest miner, saw its shares slip 5.89% to 919.00p in early trading, despite a large rise Monday after it confirmed it had bought a 10% stake in Canadian mining company HudBay. Stocks helping to push up the FTSE 100 included pharma company GlaxoSmithKline, up 1.51% to 1,0...