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    September 25, 2007

    Miners lead FTSE 100 lower

    Filed under: Companies, Northern Rock, Antofagasta, Lonmin, Scottish & Southern Energy, National Grid, Hammerson, Vedanta Resources, Drax Group, Severfield-Rowen, Taylor Wimpey, Alfred McAlpine, Wellstream

    London’s markets also declined, with the FTSE 100 down 1.07 percent to 6,396.9 and the FTSE 250 closing at 10,853.2, a drop of 1.7 percent.

    Miners dropped as metals prices declined.

    Vedanta Resources (LSE: VED) had the worst day on the 100 as it fell 6.49 percent to £20.90, while Antofagasta (LSE: ANTO) dropped 6.35 percent to 789.5p and Lonmin (LSE: LMI) was 5.35 percent lower to £32.02.

    Northern Rock (LSE: NRK) had another down day, falling 5.17 percent to 163.10 as it said it won’t pay a dividend it had promised to investors.

    House builder Taylor Wimpey (LSE: TW) was down 5.72 percent to 255.5p.

    Property developer Hammerson (LSE: HMSO), on the other hand, added 1.06 percent to £11.40.

    Electric power transmitter National Grid (LSE: NG) had the best day on the 100 with a gain of 2.5 percent to 780p, while Scottish & Southern Energy (LSE: SSE; OTC: SSEZY) added 1.38 percent to £14.73.

    Over on the 250, electricity generator Drax Group (LSE: DRX) was 2.38 percent higher to 602p.

    Natural gas utility Wellstream (LSE:WSM) gained 10.79 percent to 770p for the best day on the 250.

    Construction groups were mixed.

    Alfred McAlpine (LSE: MCA) was up 2.83 percent to 449.5p but Severfield-Rowen (LSE: SFR) was 6.65 percent lower to £21.05.





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