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| Mining shares pull FTSE 100 lower | Mining shares pull FTSE 100 lower |
| (about 3 hours later) | |
| (Noon): Mining companies are pulling London's main share index lower. | |
| The FTSE 100 was down by 21 points, or 0.34%, at 6,135.26 by lunchtime. | |
| Among the biggest fallers were the mining companies Anglo American,BHP Billiton and Rio Tinto. | Among the biggest fallers were the mining companies Anglo American,BHP Billiton and Rio Tinto. |
| However, the biggest faller was the satellite operator Inmarsat, with shares down more than 3% after the investment bank Morgan Stanley cut its rating and revenue guidance on the firm. | |
| Earlier this year it issued a profit warning and has seen shares slump by more than 30% this year, leaving the company facing relegation from the FTSE 100. | |
| Shares in the insurer Legal and General were down slightly after it agreed to buy a £3bn annuity portfolio from Dutch rival Aegon. | |
| The Dutch firm is gradually pulling out of the UK in order to focus on other parts of its business. | The Dutch firm is gradually pulling out of the UK in order to focus on other parts of its business. |
| Another company to see its shares fall was the luxury fashion retailer Burberry. Its stock was down 1% after a downgrade from the investment bank Deutsche. | Another company to see its shares fall was the luxury fashion retailer Burberry. Its stock was down 1% after a downgrade from the investment bank Deutsche. |
| On the currency markets, the pound edged down by 0.14% against the dollar to $1.447, and was just 0.06% lower against the euro at €1.2909. |