London starts steady after Friday's Wall St slide

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London markets have opened steady this morning despite seeing Wall Street suffer one of its worst sessions in a year on Friday.

The FTSE100 declined sharply in late trading last Friday on the poor US opening, but the early signs today seem more positive, with the index currently 0.02% ahead to 5907.70. Oil giants are leading the way so far on record prices, with BP 1.64% ahead and Royal Dutch Shell 1.57% up. On the flipside, British Airways is hurting on the price increases, down 3.32%. All major US indices suffered on Friday, as higher crude costs and a huge jobless rate increase smashed investor confidence. The Dow Jones IA fell nearly 400 points at close last week, down 3.13% to 12209.81; while the broader S&P...

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