FTSE wavers as uncertainty grows

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In London, trading was cautious after several Asian banks revealed higher than expected losses related to the US sub-prime crisis and the FTSE 100 was up 12.5 points, or 0.2%, to 6,209.4.

Rio Tinto shares made the biggest early gains, up 44 points, or 1.35%, to £33.06, followed by British Land, which saw shares climb 16 points, or 1.27%, to £12.74. BG Group climbed 9.5p or 1.27%, to 758.5p, Sage added 2.75 points, or 1.22%, to 228.75p, and Punch Taverns shares gained 12 points, or 1.15%, to £10.58. Gains were offset by some significant losses, including Standard Chartered which saw its share prices fall 54 points, or 3.44%, to £15.17. Rentokil followed with a fall of 2 points, or 1.17%, to 169.3p and Man Group lost 5.5 points, or 1.12%, to 484.5p. On Wall Street, marke...

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