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Flat open to London stock market London stock market ahead at midday
(about 4 hours later)
(Open): London's benchmark index of blue-chip stocks dipped extremely slightly in early trade on Wednesday. (Noon): London's benchmark index of blue-chip stocks was ahead in midday trade on Wednesday.
Not long after open the FTSE 100 was down by just a quarter of a point, at 6753.54. Not long after noon the FTSE 100 was up by 29.61 points, or 0.44%, at 6783.41.
Among the winners was supermarket chain Sainsbury's, ahead by 2.33%, despite reporting a sixth straight quarter of falling sales. Among the winners was supermarket chain Sainsbury's, ahead by 4.94%, despite reporting a sixth straight quarter of falling sales.
Other early gainers included fellow grocer Tesco, ahead by 1.46%, and also bank Standard Chartered, up by 3.14%. Other early gainers included fellow grocer Tesco, ahead by 4.03%, and also bank Standard Chartered, up by 5.32%.
Miners Anglo American and Rio Tinto were ahead by 1.79% and 1.31% respectively. Miners Anglo American and Rio Tinto were ahead by 2.19% and 1.60% respectively.
Biggest faller was Weir Group, down by 2.13%, after saying it expected its full-year results to be more weighted towards the second half of the financial year. Biggest faller was Weir Group, down by 2.55%, after saying it expected its full-year results to be more weighted towards the second half of the financial year.
Imperial Tobacco Group was down by 1%, after calls for a tobacco levy to help smokers quit. Imperial Tobacco Group was down by 0.22%, after calls for a tobacco levy to help smokers quit.
On the currency markets, the pound was up 0.49% against the dollar to $1.5460, and down 0.26% against the euro to €1.3603. On the currency markets, the pound was up 0.45% against the dollar to $1.5454, and up 0.50% against the euro to €1.3706.