Business

FTSE 100 dragged lower by mining stocks

Market trader (file picture) Image copyright Getty Images

(Noon): The London market remained on a losing streak on Friday, with miners the four biggest fallers on the FTSE 100.

Anglo American was the biggest faller, down 3.4%, with Rio Tinto, Antofagasta and Glencore all down 3% as well.

Housebuilders Persimmon and Barratts received positive brokers' assessments giving them gains of 2% and taking Berkeley Group up 1.6% in their wake.

The FTSE 100 index was down 54.25 points at 6,327.19.

Brent oil lost an earlier 1.4% gain to trade flat at $44.64 a barrel. Prices had fallen on Thursday following a prediction from the International Energy Agency of a big fall in output from non-Opec producers this year.

On the currency markets, the pound rose 0.5% against the dollar to $1.4394, and was 0.6% higher against the euro at €1.2764.