Mixed trading in London
by Brian Turner
Trading was mixed in London on Wednesday. At mid-day the FTSE 100 had fallen 0.2 percent to 4845.1, but the more broad-based FTSE 250 was up 0.2 percent to 7,012.5.
Mining stocks posted gains, with Antofagasta rose 1.6 percent when UBS raised its rating to “buy” from “neutral.” Xstrata was up 2.2 percent, and BHP Billiton advanced by 1 percent.
In other sectors, the electrical retailer Dixon’s was up 0.5 percent after Deutsche Bank raised its rating from “hold” to “buy” on the strength of its recently signed option to buy Russian retailer Eldorado.
Reuters fell 0.6 percent on a first-quarter report that revenues had dropped 6 percent compared to the same period last year.
Computer services company Computacenter lost 8.5 percent after warning that its profits stand to be “substantially lower” than those of last year.
Supermarket chain Wm Morrison, on the other hand, was up 1.8 percent on speculation that it could be vulnerable to takeover after recent losses.
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