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FTSE up as Standard Chartered gains FTSE falls amid global growth concerns
(about 5 hours later)
(Noon): London's leading shares were slightly higher on Monday morning, despite concern over weak global economic prospects. (Close): London's leading shares ended lower on Monday amid concern over weak global economic prospects.
By lunchtime, the FTSE 100 index was up 1.17 points or 0.02% at 6,355. The FTSE 100 index closed down 58.67 at 6295 points.
Standard Chartered bank was among the biggest gainers, adding 2.2%, with brokers suggesting that its prospects could be rosier than thought. Standard Chartered bank was an early gainer, up 2.2%, with brokers saying prospects could be rosier than thought.
Intercontinental Hotels Group fared less well. It topped the losers' list of the 100-share index, falling 3.8%. It turned tail throughout the afternoon though to close down 0.5%.
Intercontinental Hotels Group fared less well.
It was in the losers' list of the 100-share index, falling 5%.
The firm lost ground after denying media reports that it was considering putting itself up for sale or merging with a competitor.The firm lost ground after denying media reports that it was considering putting itself up for sale or merging with a competitor.
On the currency markets, the pound rose 0.42% against the dollar to $1.5112, but was little moved against the euro at €1.4008. On the currency markets, the pound rose 0.49% against the dollar to $1.512, and was up 0.28% against the euro at €1.4051.