StockMarketWire.com - END-OF-DAY REPORT: Headline shares were modestly lower at the close as a midday rally in mining stocks ran out of steam and a negative start on Wall Street offered no inspiration. BP suffered on news of its deal with Rosneft.

At the close of play, the FTSE100 was down 13.24 points at 5,882.91 with the FTSE250 off 34.3 points at 12,040 and the FTSE Smallcaps 5.88 points higher at 3,282.52.

NEW YORK

US stocks lost ground in late morning trade after uninspiring corporate reports.

Approaching the close in London, the Dow Jones Industrial Average was down 47 points at 13,296, the S&P500 fell 5 points at 1,428 and the Nasdaq Composite lost 2 points at 3,004.

LONDON MARKETS

Amongst a mixed performance for miners, Anglo American climbed 12p at 1,908.5p, while Vedanta Resources rallied 7p at 1,142p and Antofagasta added 6p at 1,309p.

Gold miner Randgold Resources topped the leaderboard, up 200p at 7,615p and Fresnillo rose 24p at 1,916p, despite the price of the shiny metal remaining around $1,725 an ounce.

Amongst the sector losers, Rio Tinto fell 6.5p at 3,194p, BHP Billiton eased 4.5p at 2,029.5p and Kazakhmys dropped 6.5p at 765.5p.

Royal Bank of Scotland rose 0.55p at 281.55p as it continues to seek buyers for the branches it is required to sell, with weekend press reports suggesting that building society Nationwide is mulling a bid. Elsewhere, Barclays rose 1.53p at 235.38p and Lloyds edged up 0.325p at 40.82p.

Aerospace group Rolls-Royce edged up 1p at 869p after announcing a new contract to power the US Navy's future fleet of hovercrafts.

Security group G4S rose 0.7p at 264.7p after announcing a $400m contract to provide security services at Oslo airport.

On the downside, temporary power provider Aggreko was the worst blue chip of the session, slipping 64p at 2,073p when HSBC downgraded the stock from neutral to underweight and slashed its target price from 2,350p to 1,750p.

Oil major BP dropped 6.95p at 443.45p as it confirmed an agreement with Rosneft to dispose of its stake in TNK-BP. Payment by Rosneft will be a mix of $17.1bn in cash, and shares representing 12.84% of Rosneft. BP intends to use $4.8bn of the cash to purchase a further 5.66% of Rosneft from the Russian government. On completion, BP expects to hold 19.75% of Rosneft shares, including its existing holding of 1.25%, and to have received $12.3bn in cash.

Pharmaceutical stocks were out of favour, with AstraZeneca down 13p at 2,938p, GlaxoSmithKline off 5.5p at 1,415p and Shire 33p lower at 1,822p.

Coffee house to hotels group Whitbread slipped 26.47p at 2,323p ahead of interim results tomorrow, with investors concerned that a resurgent Travelodge might impact the Premier Inn budget hotel performance.

Bunzl gave up 1p at 1,037 when Oriel Securities downgraded the distribution and outsourcing group from add to hold, with a target price of 1,200p.

Down the list, London-focused builder Telford Homes rose 8p at 142.5p after saying it already anticipates profits ahead of market expectations for the year to 31st March 2014 due to pre-sales secured at higher than expected margins.

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