Morning Markets: FTSE cools off after one-year high

Early trading saw the FTSE 100 fall after reaching a 12-month high on Monday.

A slew of results are expected from US companies in the mining sector and nervous investors have shaved 15.59 points (0.3%) from the blue chip index, which now stands at 5,194.20. With metal prices coming off a peak, miners Randgold, Lonmin, Antofagasta and Rio Tinto have all seen share prices fall. Lonmin was down nearly 2% to £15.77. The morning's top gainer however, was hotel and restaurant operator Whitbread after its half-year profits beat expectations, with its Costa Coffee brand performing well. Whitbread was up 2.95% to £13.28. Banks shares fell this morning, with Lloyds B...