The FTSE 100 is now in the black in early trading after falling 1% on opening, after S&P's downgrade of US debt sparked a further share sell-off across the globe.
The index of leading shares opened down more than 1% but recovered swiftly and by 8.30am was up 0.7% or 40 points to 5,287. Miners and the oil majors had been the main drag on the index after another...
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