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FTSE, US, Europe bourses dive; financials shredded

London stocks dropped like a stone on opening and spent the rest of day entrenching to close at more than 12-month lows. Flighty investors bounded for the safe havens of gold and gilts. Wall St was down about 2% or more, Germany's DAX shed 2.48% and France's CAC 40 lost 3.66%.

SAB says MillerCoors in line

SABMiller and Molson Coors Brewing Company have reported that MillerCoors underlying net income for the full year was USD1.3bn, which was in-line with 2014.

GLEN's output

Glencore own-sourced copper production was down 3% to 1.502m tonnes in 2015, reflecting the suspension of processing operations at Katanga and a significant curtailment at Mopani.

Rio Tinto's loss

Rio Tinto has swung to a FY pretax loss of USD726m, from a profit of USD9.55bn a year earlier. Consolidated sales revenue was USD34.83bn, from USD47.66bn. It maintained its FY dividend at 215p a share.

EMH's grades

European Metals said a geological model completed as part of its development of the Cinovec lithium/tin deposit has identified shallow, higher grade lithium zones.