FTSE 100 remains flat

The FTSE 100 index is flat within the first hour of trading, 4459 along with the FTSE All-Share index at 2227. Kingfisher, the high street home improvement retailer, has so far gained 8.75p or 2.9% to 306p after suggesting full-year earnings will be close to analysts upper expectations. At the same time, however, AstraZeneca, the paharmaceutical firm, is down 32p or 1.3% to 2,533p. And Sainsbury is down another 2p or 0.68% to 292.5p this morning, after yesterday’s shareholder revolt led to the ousting of Sir Ian Prosser as deputy chairman of the supermarket chain. In Asia, both ...