Equal numbers of shares are up and down this morning, but weightings of individual companies within the FTSE 100 have helped the index to a 2 points rise to 4,496.
Abbey National is up 10.25p to 507.25p as speculation continues the bank will fall to a bid from overseas.
British Airways is up 3.5p to 269.75p after oil future fell on the ending of a strike by oil workers in Norway – the world’s third biggest exporter after Saudi Arabia and Russia.
Antofagasta, the London-listed Chile-based copper miner, is up 8.5p to 962p as traders bet prices will rise again this week.
Prudential is up 4p to 467p after weekend speculation of a £1.4bn bid for its Egg online bank from US-based Capital One, a large issuer of Visa cards.
MmO2 is down 1p to 92.75p after confirmation by Dutch mobile phone company KPN it is not interested in bidding for the UK’s fourth network.
Sainsbury is down 2.5p to 2187.5p after UK competition authorities said they would investigate the relationship between the big supermarkets and their suppliers.
The FTSE 250 is up about 2 points to 6,227, with Corus, the steelmaker, up 1p to 39.75p as bidding for some of its units heats up.
Shares closed down in New York before the weekend, with the Dow Jones Industrial Average off by 71.97 points to 10,37184.
The S&P 500 index shed 6.22 points to 1,134.43, although Nasdaq’s Composite gained 9.90 points to 2,025.47.
Shares in Asia have gained this morning, sending Tokyo’s Nikkei 225 index up about 103 points to 11,884. Hong Kong’s Hang Seng index is up 5.5 points to 12,191.IFAonline
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