RBS rejection pushes FTSE lower

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The FTSE 100 is down 27.9 points, or 0.42%, to 6,575.8 in early trading, ahead of this week's interest rate decision by the Monetary Policy Committee.

Royal Bank of Scotland Group is the biggest loser in early trading following a share split which has pushed the stock down to 657p, while the company also confirmed a proposal put to ABN Amro to buy LaSalle Bank was rejected over the weekend, leading to fears of a long drawn-out legal battle. 3I Group is also down 2.79% to £11.51, closely followed by BHP Billiton which has slipped 1.97% to £11.94, while Hanson has dropped 1.87% to £10.51, and Detica Group has declined 1.59% to 385.75p. However, Reuters Group is leading a rally with gains of 3.45% to 637p, as it confirmed it is in talks ...

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