Property stocks give FTSE small gains

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The FTSE 100 is slightly up with gains of 2.3 points, or 0.04%, to 5,509.5, as tobacco stocks have fallen on a ratings downgrade but property stocks including British Land have risen following a report that Abu Dhabi's royal family may buy one of the company's property portfolios.

Tobacco stocks have weighed on the benchmark, with British American Tobacco falling 13p, or 1.02%, to 1,262p, while Gallaher has dropped 4.5p, or 0.51%, to 882.5p, after Lehman Brothers cut its recommendations on both stocks. But British Land is performing well with gains of 11.5p, or 1.18%, to 990p, after reports the Abu Dhabi royal family may buy a portfolio that includes Plantation Place in London's financial district. Elsewhere, Liberty International has gained 5p, or 0.52%, to 974.5p, while Hammerson has added 1.5p, or 0.16%, to 962.5p. But Land Securities is not off to such a go...

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