FTSE slumps as investors question recovery

  Halting three straight days of gains which saw the FTSE hit an 11-month high, miners led the index lower. Shortly after 9.45am, the FTSE was down more than 13 points, or 0.27%, to 4,933.94. Lonmin tumbled 4.09% to £16.42 after Merrill Lynch downgraded the company to ‘neutral' with the broker citing its recent price surge on the back of M&A speculation with Xstrata. Eurasian Natural Resources and Antofagasta fell 2.52% to 851p and 2.03% to 748p respectively, as the price of gold threatened to dip back below the $1,000 an ounce barrier. Elsewhere, British Airways gained 2.44% to...