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| London's FTSE 100 turns positive | |
| (about 2 hours later) | |
| (Noon):London's FTSE 100 reversed an early loss in the wake of the Bank of England's inflation report and decision to leave interest rates unchanged. | |
| The pound also made modest gains in the wake of the announcement leaving it up 0.1% against the dollar at $1.4463 and up 0.4% against the euro at €1.27. | |
| The FTSE 100 reversed an early loss of 0.83% to stand up 22.55 points at midday at 6,185.04. | |
| The world's biggest caterers, Compass Group was the best riser, up 2.5%. | |
| Investors continue to digest its results, which were released on Wednesday and were better than expected. | |
| Sainsbury lead the losers, falling almost 4%, with Centrica and Admiral also down more than 3%. All three went "ex-dividend" on Thursday. | |
| Shares in companies that have just paid out their half-yearly dividend to shareholders tend to fall immediately because new buyers will not receive that payment. | Shares in companies that have just paid out their half-yearly dividend to shareholders tend to fall immediately because new buyers will not receive that payment. |
| Packaging giant Mondi remained among the risers, up 3%. Mining stocks started with small gains but turned south to leave Anglo American down 3.5% and Antofagasta down more than 2%. | |