Reuters pegs FTSE back

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In the UK the FTSE 100 Index has shed 6.10 points to 5264.60 at its close, led by Reuters.

The provider of financial data shed 32p or 7% to 380.25p, after it announced a £1bn buyback, while analysts say 2006 profit estimates may drop as much as 20%. Oil exploration firm BP has also declined 9p to 633.5p, after reporting a 29% increase in second-quarter profit to $4.98bn on the back of a surge in crude oil prices. The figure however, failed to meet the $5.6bn figure expected by analysts. Online search engine, Yell group has, meanwhile, climbed 20.25p or 4.6% to 459.75p, after reporting a 20% increase in its fiscal first-quarter net income to £46.8m. Cable & Wireless advanced...

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