FTSE plays the weighting game

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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 92.7...

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