Britain's FTSE slips back after rally

LONDON Oct 12 (Reuters) - Britain's top shares were lower on

Friday, slipping after a strong rise in the previous session

after Wall Street pared its gains to end flat overnight,

reflecting concerns over global growth and corporate earnings.

At 0707 GMT, the FTSE 100 index was down 15.73

points, or 0.3 percent, at 5,813.03 points, after a fall in U.S.

weekly jobless claims enabled the index to gain 0.9 percent on

Thursday to snap a three consecutive sessions of losses.

U.S. blue chips were up 0.3 percent by London's close

but ended down 0.1 percent as enthusiasm over the U.S. jobs data

was undermined by a drop in Apple shares after a legal

setback in a court ruling.

Miners led the retreat in London as copper

prices slipped, with investors awaiting China's trade

economic data due over the weekend to gauge the economic health

of the world's top metals consumer.

Chilean copper miner Antofagasta was among the

worst off, down 1.6 percent with traders also citing the impact

of a downgrade to the stock by HSBC Securities to "underweight".

(Reporting by Jon Hopkins; Editing by Sudip Kar-Gupta)

Source: http://news.yahoo.com/britains-ftse-slips-back-rally-071619838--sector.html

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