The FTSE was 0.9% or 50.47 points lower in early trading at 5383.26 amid fears Europe's austerity measures will slow the global recovery.
Miners led the FTSE's decline with Xstrata off 3.4% at £10.59, Antofagasta 2.3% lower at 935p while Kazakhmys dropped 2.9% to £12.90. Among others to lose ground, Lloyds Banking Group shed 2.6% to sit at 58.9p. Risers this morning among the UK blue chips included Wolseley, up 7.3% at £17.26, after it announced trading profit for the year to 31 July 2010 would beat analysts' forecasts of £374m. Compass Group also edged higher by 0.1% to 559.5p on news UBS had raised its recommendation for the world's biggest catering firm to 'buy', from 'neutral'. Vodafone was up marginally, by 0...
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