The FTSE 100 has ended the day only slightly changed with a drop of 2.6 points, or 0.04%, to 6,130.6, as tobacco firms offset losses by insurers.
Friends Provident was the biggest loser with a drop of 1.9% to 194p, closely followed by Standard Life which ended down 1.76% to 293.75p, while miner Kazakhmys slipped 1.78% to £11.06.
Plumbing firm Wolseley declined 1.88% to £11.99, while Cadbury Schweppes fell 1.53% to 610.5p, although losses were limited by supermarket chain Sainsburys which gained 2.44% to 556p.
Imperial Tobacco Group posted the biggest gains with a rise of 4.86% to £23.30, closely followed by British American Tobacco which climbed 2.18% to £15.96, while Hammerson added 3.63% to £16, and Unilever advanced 2.76% to £15.25.
In the US, the Dow Jones Industrial Average is down 37.97 points, or 0.31%, to 12,121.71 in early trading, despite better than expected industrial production and inflation data.
Financials are among the biggest losers with American Express down 1.55% to $55.24, closely followed by JP Morgan Chase which has slipped 0.88% to $47.28, while Alcoa has dropped 1.12% to $33.50.
Du Pont has also fallen 1.25% to $49.80, while 3M Company has declined 1.01% to $75.22, although losses are being limited by General Motors which is up 0.68% to $29.58.
However, Hewlett-Packard has made the biggest gains with a rise of 0.71% to $39.98, closely followed by AT&T which gained 0.27% to $37.04, while Wal-Mart has added 0.35% to $46.16 and Coca-Cola has advanced 0.19% to $47.17.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7034 2681 or email [email protected]IFAonline
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