FTSE 100 movers: Miners worry about demand

19th May 2010 15:40

Footsie is heading lower and it is the miners that are prominent amongst the fallers. Fears for the European economy and the knock on effect on the global economy have hit mining shares. Xstrata and Rio Tinto are the worst performing mining shares and eight out of the ten worst performers are mining companies. BHP Billiton has worried investors even more by saying that Australia's new mining tax regime may force it cut its dividend. Credit checking firm Experian is bucking the trend after announcing that it will increase its interim dividend and launch a $300m share buyback programme. Experian says that it sees signs of 'gradual recovery' in some of its key markets.FTSE 100 - RisersGlaxoSmithKline (GSK) 1,177.00p +0.34%AstraZeneca (AZN) 2,919.00p +0.19%Tesco (TSCO) 415.50p +0.16%Experian Group (EXPN) 609.50p +0.08%Capita Group (CPI) 811.00p +0.06%Morrison (Wm) Supermarkets (MRW) 269.80p +0.04%FTSE 100 - FallersXstrata (XTA) 939.00p -6.98%Home Retail Group (HOME) 255.70p -6.85%Rio Tinto (RIO) 2,998.50p -6.24%Capital Shopping Centres Group (CSCG) 323.60p -5.96%Eurasian Natural Resources (ENRC) 1,001.00p -5.74%Kazakhmys (KAZ) 1,150.00p -5.74%Anglo American (AAL) 2,514.00p -5.45%Antofagasta (ANTO) 853.50p -5.27%Lonmin (LMI) 1,656.00p -4.99%BHP Billiton (BLT) 1,837.00p -4.94%