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| RSA shares hold back FTSE 100 index | RSA shares hold back FTSE 100 index |
| (35 minutes later) | |
| (Open): Shares in the insurer RSA held back gains on the FTSE 100, after Swiss rival Zurich abandoned its bid plans. | |
| RSA shares were down more than 20% in early trading, making it easily the biggest loser. | RSA shares were down more than 20% in early trading, making it easily the biggest loser. |
| Overall the FTSE 100 index was 0.27% higher, or 16.63 points, at 6,120.74 in early trading. | |
| On the currency markets, the pound was up 0.24% against the dollar to $1.5566, and was up 0.12% against the euro at €1.3737. | |
| In other corporate news, shares in Inmarsat were more than 1% higher after it announced a deal with Deutsche Telekom to bring passengers in-flight internet. Deutsche Telekom will supply the 4G, while Inmarsat will supply the satellite access. | |
| However, shares in the fashion retailer French Connection slumped more than 7%. It reported a loss for the first half of the year with the chairman Stephen Marks describing it as "a tough trading period". | |
| The company said it was dependent on a good Christmas selling period. Shares were slightly higher |