LONDON (ShareCast) - (ShareCast News) - Mining stocks were headed lower in an overall negative session on the FTSE 100, with gold and three-month industrial metals prices southbound as silver and copper eased ahead.


Anglo American faded, having on Tuesday completed the sale of its Foxleigh mine interest, while both falls in Fresnillo and Randgold Resources were due their sensitivity to gold.

At about 16:32 BST, gold was down 0.41% to $1311.1 an ounce, while silver rose 0.36% to $18.74 an ounce and copper added 0.31% to $208.3 a pound.

Three-month prices for copper, aluminium, zinc and tin were all mildly or moderately lower.

BHP Billiton suffered as it was reported that the company was set to strip its chief executive of his annual bonus in the wake of the Samarco dam failure in Brazil.

Against this backdrop, US president Barack Obama is set to press foreign leaders to take action against excess steel capacity at the G-20 Leaders' Summit in China next week, says US Treasury secretary Jack Lew.

Meanwhile to the upside, banks and insurers were prominent, this following on from last Friday's somewhat hawkish round of Fed speakers.

Barclays, Standard Life, HSBC, Standard Chartered, Royal Bank of Scotland and Direct Line were all beneficiaries.

Market Movers

FTSE 100 (UKX) 6,782.00 -0.57%

FTSE 100 - Risers

Berkeley Group Holdings (The) (BKG) 2,678.00p 3.20%
TUI AG Reg Shs (DI) (TUI) 1,063.00p 2.31%
Tesco (TSCO) 166.00p 1.65%
Barclays (BARC) 171.80p 1.57%
Standard Life (SL.) 363.70p 1.45%
HSBC Holdings (HSBA) 565.30p 1.40%
Standard Chartered (STAN) 640.80p 1.28%
Babcock International Group (BAB) 1,045.00p 1.26%
Royal Bank of Scotland Group (RBS) 202.20p 1.05%
Direct Line Insurance Group (DLG) 367.00p 0.99%

FTSE 100 - Fallers

Anglo American (AAL) 774.40p -5.27%
BHP Billiton (BLT) 988.00p -5.05%
Fresnillo (FRES) 1,611.00p -4.67%
Antofagasta (ANTO) 491.70p -3.87%
Glencore (GLEN) 171.75p -2.99%
Rio Tinto (RIO) 2,282.50p -2.89%
Randgold Resources Ltd. (RRS) 7,175.00p -2.51%
Bunzl (BNZL) 2,359.00p -2.24%
WPP (WPP) 1,750.00p -2.23%
International Consolidated Airlines Group SA (CDI) (IAG) 384.70p -2.06%

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