FTSE holds steady

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The FTSE 100 Index has added about 9.70 points to 4683.50 points this morning, following a day of good returns for all but one company on the exchange.

3i Group leads the way, up 6p to 595.50p, followed by Amvescap, up 4p to 304.50p. British Airways is also trading up 3.50p to 219.50p. Medical firm, Smith and Nephew has lost 7p to 469p, and leads the early losers. Sainsbury and Alliance & Leicester are also down 3p and 4p to 264.25 and 869p respectively. Asian stocks are buoyant after oil prices dropped to a one-month low. In Japan, the Nikkei 225 Stock Average advanced 1.4% to 10,887.81 on close early this morning. Crude oil futures for December delivery fell 0.6% to $49.83 a barrel in Asia, the lowest since the start of Octob...

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