FTSE 100 higher against expectations

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Against the odds, the FTSE 100 posted a slim gain this morning. The city had been expecting London's ...

Against the odds, the FTSE 100 posted a slim gain this morning. The city had been expecting London's leading index to open lower today following the dire close of trade in the US on Friday. Shares on Wall Street tumbled on Friday after the UK markets had closed. Last week saw the Dow Jones suffer its worst ever point loss and the Nasdaq close to levels unseen since November 1998. It was surprising then, this morning, to see the FTSE 100 up 38.8 points to 5601.6. Much of the FTSE 100's gain was inspired by a near 17% rise in the share price of mining group Billiton. Today's big eq...

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