FTSE opens lower with retailer under pressure but miners head higher – Market Report [Video]

The FTSE 100 opened slightly lower on Monday, continuing from the sharp falls experienced on Friday.

Mining groups like Fresnillo, Rio Tinto and Anglo American are building on last week’s strong gains, leading the risers today on indications of higher demand for iron ores.

In the retail industry, new research found that insolvencies have risen by a fifth in the last year, with most of the troubles for businesses having stemmed from high interest rates. It means retail giants such as Sainsbury’s, Marks & Spencer and B&M all lead the blue-chip fallers on Monday.

Also falling was London Stock Exchange Group after it was found shareholders may revolt against plans to double its chief executive’s pay.

In small caps, vet group CVS revealed it suffered a cyber-attack across a number of its IT systems, affecting emails, phone lines and online forms.