FTSE flat ahead of Spending Review

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London recovered from an early blip in early trading on Tuesday as investors get ready for tomorrow's comprehensive Spending Review.

Banks are largely responsible for the revival with Barclays, Standard Chartered and RBS all ahead. Autonomy is flat even though chief Mike Lynch said growth prospects for the data search software giant remain good. Third quarter profits in the three months to September rose to $57.6m from $48.6m as sales climbed 10% to a record $211m. Underlying operating profits rose by 34% to $86.3m. Chip designer Arm is also lower after Apple's figures last night. The tech giant's profits rose by 70% but iPad sales missed some forecasts. Arm is a big supplier to Apple. First half underlying pre-...

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