Libya fallout weighs on FTSE

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The FTSE has opened trading in negative territory as fears over the fallout in Libya continue to unsettle investors.

London's leading index was down 0.09%, or 5 points, to 5,995 bringing to an end Friday's rally which saw shares surge past 6,000 following a pledge by Saudi Arabia to increase the supply of oil. Essar Energy tops the leaderboard, up over 5%, while HSBC - expected to report profits of around £14bn for 2010 - is also an early high-flyer, up nearly 2%. Eurasian Natural Resources, GKN and Financial Times owner Pearson - which said profits rose 21% last year - complete the winners' table. Associated British Foods, down nearly 1.5%, tops the losers' table, after saying its interim result...

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