Reuters: Hot Stocks: Britain's FTSE underperforms as mining stocks weaken

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Britain's FTSE underperforms as mining stocks weaken Apr 4th 2013, 07:10 LONDON, April 4 | Thu Apr 4, 2013 3:10am EDT LONDON, April 4 (Reuters) - Britain's benchmark share index was flat on Thursday, underperforming gains on other major European stock markets as a decline in major mining stocks weighed on the index. The blue-chip FTSE 100 index was little changed at 6,421.12 points by 0705 GMT, up by 0.84 points - underperforming a 0.4 percent rise on Germany's DAX and a 0.5 percent gain on France's CAC-40. Weaker mining stocks pegged back the FTSE 100 as the sector was impacted by a fall in the prices of copper and gold, with the FTSE 350 Mining Index declining by 0.2 percent. "We maintain our bearish stance on the European metals and mining sector; we believe that value is 10-15 percent below where the sector is today and we are looking at dividend yield as the line in the sand," Citi wrote in a research note.

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