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FTSE 100 flat as airline shares rise FTSE 100 flat as airline shares rise
(about 4 hours later)
London's main share index, the FTSE 100, was little changed in early trading, but airline shares were higher. London's main share index, the FTSE 100, was little changed at noon, but airline shares were higher.
The blue-chip index had lost just 6 points in the first half hour of trading, to 7,015.73. The blue-chip index had lost just 3 points, 0.04%, to trade at 7,019.24 at midday.
Airline shares Easyjet and BA-owner IAG rose after German rival Lufthansa said bookings were better than expected. Airline shares Easyjet and BA-owner IAG rose after German rival Lufthansa said bookings were better than expected in September.
Deutsche Bank said the ad-hoc statement from Lufthansa was "substantially better" than expected.Deutsche Bank said the ad-hoc statement from Lufthansa was "substantially better" than expected.
Shares in the London Stock Exchange were also higher after it reported a 19% rise in third-quarter total income, helped by growth in all its businesses. Shares in the London Stock Exchange were slightly higher after it reported a 19% rise in third-quarter total income, helped by growth in all its businesses.
Engineering group Keller saw its shares slump 21% after it warned that profits would be around 15% below market expectations. It said trading conditions in Asia were difficult and losses were mounting. Engineering group Keller saw its shares slump nearly 27% after it warned that profits would be around 15% below market expectations. It said trading conditions in Asia were difficult and losses were mounting.
Sterling was little changed against the dollar at $1.2277 and similarly little changed against the euro at €1.1197. Sterling slipped against the dollar to $1.2261 and similarly against the euro fell 0.21% to €1.1172.