Split FTSE falls

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Oil majors gained as crude oil prices again rose in New York overnight, but banking and telecoms stocks dragged the FTSE index down by about 10 points to 4,732 this morning.

Tomkins, maker of car parts, fell 12.75p to 255.75p after reporting poor results blamed on rising input costs and falling demand from its customers. British Land is down 17p to 785p after reporting lower net first half profit compared with the same period last year. Northern Rock is down 14.5p to 710.5p after Credit Suisse lowered its recommendation on the bank, which is heavily dependent on mortgage lending. Vodafone is down 1.75p to 142.5p after its shares went ex-dividend. Exel, the logistics firm, is up 7p to 738p after announcing a positive outlook for next year. BP is u...

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