FTSE down on weak commodities
The FTSE 100 share index fell 0.8 per cent early on Thursday following a drop in commodity share values. By 8:49 am the index had fallen 45.9 points to 5,404.0.
FTSE gains as metals spur minersBanks fell with Barclays, HBOS, HSBC and Lloyds TSB down 0.5 to 2.2 per cent.
Oil firms were also down with BG Group down three per cent, BP falling 0.5 per cent, Cairn Energy down 1.9 per cent, Royal Dutch Shell down 0.2 per cent and Tullow Oil falling 2.5 per cent.
Miners saw their share values decline with Anglo American, Antofagasta, BHP Billiton, Ferrexpo, Lonmin, Rio Tinto, Vedanta Resources and Xstrata down 0.8 to 2.5 per cent.
There were some gainers, with Kingfisher rising 11 per cent, Rolls Royce up 1.9 per cent and Vodafone up 1.4 per cent.
Energy firm Scottish & Southern Energy however dropped 3.7 per cent.
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