Markets mixed on China rate rise fears

London's leading share index edged up this morning while other global markets were cautious on fears China will hike interest rates to stem soaring inflation.

Figures from China reveal the country's inflation rose to the highest level in almost three years, hitting 5.4%, despite the government's attempts to curb it. The FTSE 100 index was up 0.26% at 5,979.17, with Man Group leading the charge, up 1.5%. Reckitt Benckiser Group rose 1.28%, followed by Eurasian Natural Resources Corporation, up 1.21%. British Land Company climbed 1.09% and Land Securities Group was up 1.02%. Conversely, this morning's biggest losers were Whitbread, down 1.07%, Sage Group, dropping 0.87%, Prudential, down 0.74%, Pearson, down 0.72% and Barclays, falling 0.68%....