FTSE 100 stands firm


FTSE 100 stands firm
The FTSE 100 was down 0.02 per cent this morning, maintaining its position from last week.

At 09:34 BST the index was at 5,351.60, down a single point, after an initial drop was recouped.

In early trading miners saw a return to form, while financial companies took a measured hit.

Antofagasta was up 4.27 per cent to 525.5p, while BHP Billiton was up 3.41 per cent and Xstrata rose 3.27 per cent.

Pearson rose 3.02 per cent on results showing a rise in profits and a firm outlook, while Sainsbury rose 2.92 per cent – despite being displayed by ASDA as the second largest online supermarket.

Meanwhile, British Airways fell 4.96 per cent to 234.50p, HBOS dropped 4.67 per cent to 295.75p and cruise ship operator Carnival slid 2.99 per cent.

Insurers Old Mutual and Aviva fell 2.82 per cent and 2.7 per cent respectively.

Sterling was down against the dollar and the euro making £1 worth $1.98725 and €1.26360.

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