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Market movers: J Sainsbury, Anglo American, M&S, Carnival, Milestone, Amur Minerals...

Last updated: 08:34 08 Dec 2014 GMT, First published: 09:34 08 Dec 2014 GMT

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Weaker import data from China meant London’s FTSE 100 was on the back foot at the start of the week with miners losing out.

China’s annual import and export figures slowed sharply in November, reinforcing signs of fragility in the People’s Republic.

The statistics gave producers of most raw materials little to cheer about with the slowdown likely to have a knock on effect on commodity prices.

London-listed miners suffered early, with Anglo American (LON:AAL) losing 20p to 1,248p, BHP Billiton (LON:BLT) was down 22p to 1,452p and Glencore (LON:GLEN) slipped by 4p to 312p. 

Randgold Resources (LON:RRS) bucked the trend though and ended up topping London’s share index as gold held around the US$1,194 mark.

J Sainsbury (LON:SBRY) was another top performer, rising 1.5% to 241p. 

UK activist investment fund Crystal Amber is in talks with several overseas investors about buying shares in the supermarket, according to reports.

Overall though, the FTSE 200 was down 26 points at 6,716 - drop of 0.4%.

Marks and Spencer (LON:MKS) has had to delay deliveries of online orders by up to two weeks after its distribution centre couldn’t keep up with demand on Black Friday. Shares were down 2% this morning.

EasyJet (LON:EZY) dipped 26p to 1,735p as the budget airline defended the almost £7.7mln in pay and bonuses received by chief executive Carolyn McCall for 2014.

Cruise ship operator Carnival (LON:CCL) jumped 8p higher to 2,809p after broker Jefferies International upped its share price target to 2,300p.

Shares in mid-capper Acacia Mining, the former African Barrick,  (LON:ACA) continued their good form, rising 6% after Deutsche Bank put out an upgrade on the firm.

Amur Minerals (LONLAMC) rocketed 28% to 12p as the last of Russia’s agencies approved its application for a mining licence. 

All the firm needs now is a signature by prime minister Dmitry Medvedev’s office and it can start to plan production at its huge Kun-Manie nickel deposit. 

News that Motive Television (LON:MTV) has started to take pre-orders for TabletTV UK (TTVUK) for Christmas delivery sent its shares higher.

Milestone (LON:MSG), which provides digital media solutions, climbed 16% after as it announced plans for an event this week to launch its Passion Project.

Oilex (LON:OEX) told investors that the testing programme for the Cambay 77-H proof of concept well was a success, sending shares 8% higher. 

Access Intelligence (LON:ACC) was the heaviest of the AIM fallers, down 20% as it said sales and profits will now be below market forecasts.

 

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