Morning Markets: FTSE flat after falls in US and Asia


The FTSE 100 opened slightly lower this morning after falls on Wall Street and in Asia, dipping 4.76 points (0.09%) to 5,493 in early trading.

Fund managers and life insurers lead this morning's early gains. Shares in Man Group rose 1.67% to 317p, while Schroders (non-voting) increased 1.34% to £10.58. Prudential was 1.19% higher to 637p. However, banks featured among the top ten fallers. Lloyds was down 1.18% to 55.31p, Barclays fell 1.14% to 313p, RBS dipped 1.12% to 34.39p and HSBC declined 0.78% to 722.70p. Royal Dutch Shell (B) is also weighing on the index, down 1.57% to £17.44. Meanwhile, Cadbury shares are flat in early trading as nemesis Kraft Foods increased its per share earnings expectations for 2009. In t...

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