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    Darren Beddard    Group moderator
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    Miners take London shares to year lows
    The FTSE 100 fell towards year-lows on Friday, with mining stocks leading decliners after Anglo American cancelled its dividend, stoking fears about capital positions in the heavily-weighted sector.

    Anglo was the biggest single faller on the market, down 10 per cent to £11.07, after it announced it was suspending its dividend and share buyback programme and cutting another 9,000 jobs after reporting a 1.1 per cent fall in pre-tax profits.

    There were broad falls right across the sector. Xstrata lost 7.2 per cent to 668p, Rio Tinto fell 6.8 per cent to £18.64 and Antofagasta fell 5 per cent to 432p.

    for more info please follow link

    http://www.ft.com/cms/s/0/dcc12bf8-ff1d-11dd-b3f8-000077b076...

    ifa wealth forum
    • 20 Feb 2009, 10:25 am