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LONDON MARKETS: U.K. Stocks Wobble As Miners, Banks Decline

U.K.'s FTSE 100 index slipped on Friday, with mining firms adding pressure as metals prices turned south and with banks building to the prior day's losses.The FTSE 100 index fell 0.1% to 6,694.25.BT Group PLC dropped 1.1%, after J.P. Morgan Cazenove cut the telecoms firm to neutral from overweight, citing regulation, pension and BT Sport as potential issues over the summer.Shares of Next PLC shaved off 1.8%, after Morgan Stanley cut the fashion retailer to underweight from equal weight."Next has had a fantastic decade, but one founded on great execution and margin expansion, not structural competitive advantage," the analysts said."We may be calling the top too early, but cannot justify the valuation here," they added. "The multiples are already close to 10-year highs, both absolute and relative, so we think the risk reward looks unattractive at these levels."Mining firms also added pressure in London, tracking losses for most metals prices. Eurasian Natural Resources Corp. dropped 1.4...

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