Mixed stocks bring FTSE to a standstill

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The FTSE 100 index is currently down about 1 point to 4,428 after the UK stockmarket commenced trading on a mixed note.

Reuters rose 8p to 367p after it bought the remaining 50% of Icor Brokerage Ltd. to boost its electronic-broking services for treasury markets. Kingfisher, the world's third-largest home-improvement retailer, fell 11.25p to 288.5p despite reporting fiscal full-year net income increased 35% from the year-earlier period to £229.6m. Lloyds TSB, the UK's fifth-largest bank by assets, lost 18.25p to 414.75p. Abbey National shed 15p to 439p after Goldman Sachs cut its forecast of the company's 2004 earnings by 19% to 23.8 pence a share. In Asia, Tokyo's Nikkei 225 index gained 194.57...

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