Afternoon Markets: FTSE falls as Goldman euphoria ends

London markets slid further as Wall Street opened for business, with the FTSE 100 down 23.14 points ...

London markets slid further as Wall Street opened for business, with the FTSE 100 down 23.14 points (0.58%) to 3,960.57. Mining firms made gains as metal prices rose, with Vendanta Resources up 13% to 987.5p, while Kazakhmys added 8.7% to 506.5p. However, Tullow Oil shares were hit as oil dropped below $50 per barrel, down 3.22% to 752.5p. Royal Dutch Shell was also affected, with A shares dipping 2.12% while B shares fell 1.77%. US markets plunged in early trading as poor retail sales figures suggested consumers are still feeling the pinch of the recession, and the Dow Jones dropped...