LONDON (ShareCast) - Mining stocks account for eight of the ten worst performing Footsie stocks, with Kazakhmys, Vedanta and Antofagasta the hardest hit.
The other two places in the bottom ten are occupied by travel companies Thomas Cook and Holiday Inns owner InterContinental Hotels.
The former is weaker on further consideration of its recent results while the latter is hit by a downgrade from Morgan Stanley. The US investment bank prefers other stocks in the hospitality sector, and has reduced its rating of InterContinental Hotels to ‘underweight’ from ‘equal-weight’.
On the upside, retailers are cheered by an upbeat trading statement from department store group and Waitrose owner John Lewis. Next and Marks & Spencer are the pick of the sector.
FTSE 100 - Risers Wolseley (WOS) 424.00p +3.23%
Marks & Spencer Group (MKS) 272.75p +2.63%
Next (NXT) 1,035.00p +2.58%
FirstGroup (FGP) 571.50p +2.42%
Rolls-Royce Group (RR.) 395.00p +1.94%
Kingfisher (KGF) 129.30p +1.89%
Carphone Warehouse Group (CPW) 201.25p +1.85%
British Land Co (BLND) 735.00p +1.80%