Miners and supermarkets weigh on FTSE 100

LSE also down 6.3%

Falls in mining stocks and the London Stock Exchange are dragging down the FTSE 100 index today, while supermarkets are also down after disappointing results from Sainsbury.

The FTSE 100 index is trading 1.1% lower at 6,115 points, close to its three-week low, according to Reuters, with Rangold Resources, BHP Billiton and Glencore among the top fallers, down 8.1%, 6% and 3.7% respectively by around 2pm. The miners are pulling back after a strong run over the past couple of months, with BHP Billiton hit by news of fresh legal action over its iron mining project Samarco in Brazil. London Stock Exchange was the second largest faller in the index, down 6.3% at £25.20, after the Intercontinental Exchange ruled out a counter offer for the firm, saying there has...