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Easyjet leads the FTSE 100 higher FTSE 100 becalmed as Easyjet rises
(about 4 hours later)
(Open): London's leading shares headed higher in early Monday trading, with airline Easyjet topping the list of best performers. (Noon): London's leading shares were little moved after a morning's trading, with airline Easyjet among the best performers.
Easyjet shares added 3.5% after an upgrade from UBS, which gave the firm a "buy" rating. Easyjet shares added 2.8% after an upgrade from UBS, which gave the firm a "buy" rating.
Overall, the FTSE 100 index was up 45.22 points or 0.64% at 7,065.69. By lunchtime, the FTSE 100 index was up just 0.12 points at 7,020.59.
On the currency markets, the pound was steady against the dollar at $1.2233 and up 0.06% against the euro at €1.1246. On the currency markets, the pound was slightly up against the dollar at $1.2241 and steady against the euro at €1.1235.
Pharmaceutical firms led the losers' list on the 100-share index, with Shire shedding 0.9% and AstraZeneca down 0.8%. Pharmaceutical firms were among the biggest losers on the 100-share index, with Shire shedding 2%, Hikma falling 1.5% and AstraZeneca down 1.4%.
But the worst performer was British American Tobacco, down more than 2%. The firm was Friday's biggest faller on the index after announcing a plan to merge with US cigarette company Reynolds.