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London Market Report London Market Report
(about 4 hours later)
(Open): The FTSE 100 got off to a strong start in early Thursday trading, boosted by a strong crop of results from blue-chip companies. (Noon): The FTSE 100 was in negative territory by Thursday lunchtime, despite a strong crop of results from blue-chip companies.
Overall, the FTSE index was up 22.76 points or 0.34% at 6,796.20. Overall, the FTSE index was down 10.9 points or 0.16% at 6,762.54.
Energy firm BG Group was the biggest riser, up 2.8% after reporting an 11% rise in second-quarter profit. Royal Dutch Shell's A and B shares performed best, both rising more than 3%, after the firm said its second-quarter profits had more than doubled.
Royal Dutch Shell's A and B shares were both up by more than 2.5% after the firm reported that its second-quarter profits had more than doubled. Energy firm BG Group was another big riser, up 1.6% after reporting an 11% rise in second-quarter profit.
Telecoms company BT Group added 2.5% after posting first-quarter results in line with forecasts, with revenue up 0.5% at £4.4bn. Telecoms company BT Group added 0.8% after posting first-quarter results in line with forecasts, with revenue up 0.5% at £4.4bn.
On the currency markets, the pound was down 0.05% against the dollar at $1.6904, but up 0.01% against the euro at 1.2626 euros. On the currency markets, the pound was down 0.19% against the dollar at $1.6880, and down 0.1% against the euro at 1.2613 euros.