FTSE 100 down while Trinity Mirror tumbles

The blue chip index was down in early trading today, while Trinity Mirror sustained heavy losses on the FTSE All-Share.

The newspaper publishing group lost 11.5 per cent in early trading, after four people filed legal claims accusing the group's newspapers of hacking phones.

Defence equipment firm Chemring fell 7.6 per cent, as it announced its chief executive was to stand down.

FTSE 100 fashion retailer Burberry slid 3.92 per cent. This morning fellow luxury brand Mulberry issued a profit warning as it said demand from Asia was slowing.

Leisure group Whitbread fell 2.88 per cent in early deals, despite this morning reporting a jump in profits.

Miners Bumi, Kazakhmys and Kenmare Resources also dragged up the rear, losing 2.89, 2.64 and 2.5 per cent respectively.

At the other end of the spectrum was chipmaker CSR, which jumped 7.5 per cent in early trading, as it announced its shareholders will get a special payout after the completion of the sale of its handset technology to Samsung.

Premier Foods added 6.33 per cent on the back of a strong quarterly trading update.

Credit checker Experian rose 4.3 per cent as it said it is to take over Brazilian affiliate Serasa.

Several investment companies had a good morning. Jupiter Second Split Trust increased 2.79 per cent, while Standard Life Investments Property Income Trust added 2.48 per cent.

UK banks had a tough morning. HSBC sank 0.42 per cent, RBS fell 2.65 per cent, Barclays dropped 1.11 per cent. Only Lloyds Banking Group remained in positive territory, rising 1.56 per cent.

In Asia, the Nikkei closed 0.04 per cent up. Across the pond, the Dow Jones closed 0.02 per cent up.