The FTSE 100 has moved slightly higher by 0.3 points, or 0.01%, to 5,440.1, as weaker fuel prices have eased concerns over inflation and company costs.
Cairn Energy has advanced 90p, or 5.11%, to 1850p, after providing an operational update, while oil prices have slipped to a 15-week low to $58.93 a barrel, after an increase in US crude stocks has added pressure to a market already reeling from lacklustre demand in growth and mild weather. Online gaming firm PartyGaming, has extended yesterday’s rise with an advance of 1p, or 1.1%, to 91.5p, after reports its possible takeover of rival Empire Online may not go ahead. Meanwhile, telecoms firm Vodafone has risen 1.25p, or 0.83%, to 149.25p, after Dutch Bank ING raised its rating on the s...
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