FTSE defies China slump

The top winners during the day were Imperial Tobacco, Land Securities and British Land. Meanwhile, support services giant Capita rose after it signed a £580m deal to become a strategic outsourcing partner of Resolution. The main losers were Resolution, British Airways and Daily Mail and General trust. Prudential fell after ING cut its shares from hold to sell. However, GlaxoSmithKline and Standard Life recovered from early falls. Losses on Wall Street were also not as heavy as expected as trading opened following news from Asia of a 6.5% slide in Shanghai overnight as the government tr...