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Financial News

Thursday July 2, 12:46 PM
Market overview: FTSE 100 down 34

LONDON (ShareCast) - 1200: Footsie (news) remains in the doldrums with buyers sitting on the sidelines. Diageo (LSE: DGE.L - news)
is the best performer after its restructuring proposals yesterday. Life groups Friends Provident and Legal & General (3166.KL - news) are also going well. WPP (LSE: WPP.L - news) , LSE and Lonmin (LSE: LMI.L - news) are propping the index up. FTSE 100 down 34 at 4,306.

0945: London's top stocks are still in the red. The London Stock Exchange is the biggest faller, followed closely by Schroders (LSE: SDR.L - news) . WPP Group is also down on a broker downgrade. The major risers so far are Friends Provident, Antofagasta (LSE: ANTO.L - news) and Inmarsat (LSE: ISAT.L - news) . FTSE 100 is down 36 points to 4305.

0825: London's top stocks have dropped in early dealings Thursday after Wall Street steadily declined from morning highs on Wednesday. Specialist computer and video games retailer Game Group (LSE: GMG.L - news) is leading the FTSE 250 (news) lower after reporting a 15.4% drop in like for like sales. FTSE 100 is down 39 points at 4,301.

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