The FTSE made early gains and is up 3.1 points, or 0.05%, to 6570.6.
Among the early winners is Rolls Royce, up 17 points, or 3.34%, to 526p. This was closely followed by Johnson Matthey, up 45 points, or 2.7%, to £17.10.
Other large gains were made by Imperial Chemical Industries, up by 13.5 points to 531p, DSG International, up 4 points to 170p, and Cable and Wireless climbed by 2.09% to 205p.
However, these gains were offset by early losses from HBOS, which dropped 38 points, or 3.55%, to £10.32. Northern Rock also suffered substantial losses, slipping 32 points to 994p, and Daily Mail group fell by 1.06% to 796p.
In the US, the Dow Jones closed with little change as Wall Street recovers from the worst week in three months, up by just 0.57 points, to 13424.96.
The stability of the market was reflected among its companies with the biggest gain seen by General Motors, which ended the day up by 2.48% at 31.77.
Merck & Co was up by 1.81% to 51.05, Verzion Communications climbed by 1.02% to 43.51, and Exxon Mobil and Intel both added 0.46% to end the day on 83.06 and 21.93 respectively.
The biggest losses were experienced by Alcoa, which dropped 0.91% to 39.30, Du Pont fell by 0.79% to 50.73, 3M ended trading on 85.30, a loss of 0.74%.
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