FTSE 100 falls on opening

Tuesday, 10 February 2009 12:00

The FTSE 100 dipped slightly on opening to 4,265.69 after last night's rally as mining stocks dropped into the red.

Shares in Kazakhmys fell 2.95 per cent, while BHP Billiton declined 2.69 per cent and Antofagasta fell 2.68 per cent.

Barclays, which led last night's rally, was down by 0.17 per cent to £1.16.

But falling oil prices helped boost shares in British Airways, which was up by 4.59 per cent, followed by Thomas Cook, which rose by 2.99 per cent.

Overnight, the US Dow Jones index fell 0.1 per cent, as the fall in oil prices hurt energy stocks and an expected announcement from president Barack Obama on a financial package was delayed until later today.

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