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| FTSE 100 led higher by insurer L&G | |
| (35 minutes later) | |
| (Open): The UK market opened higher, with insurer Legal & General leading the way after it reported stronger-than-expected half-year results. | (Open): The UK market opened higher, with insurer Legal & General leading the way after it reported stronger-than-expected half-year results. |
| L&G shares rose 3.6% after it reported an 18% rise in operating profits to £750m in the first half of the year. | L&G shares rose 3.6% after it reported an 18% rise in operating profits to £750m in the first half of the year. |
| L&G's rise helped the FTSE 100 index to stand 19.61 points higher at 6,706.18 in early morning trade. | L&G's rise helped the FTSE 100 index to stand 19.61 points higher at 6,706.18 in early morning trade. |
| London Stock Exchange shares rose 2.5% after it reported a 16% rise in half-year operating profits to £239.4m. | London Stock Exchange shares rose 2.5% after it reported a 16% rise in half-year operating profits to £239.4m. |
| The market was also bolstered by the mining sector, with shares in miners rising after upbeat economic data from China - the world's largest importer of raw materials. Shares in BHP Billiton rose 2.7% and Rio Tinto was 2.5% higher. | The market was also bolstered by the mining sector, with shares in miners rising after upbeat economic data from China - the world's largest importer of raw materials. Shares in BHP Billiton rose 2.7% and Rio Tinto was 2.5% higher. |
| Ryanair shares were up 1.2% after the company said that in July it became the first airline to carry more than 10 million passengers in a month. | Ryanair shares were up 1.2% after the company said that in July it became the first airline to carry more than 10 million passengers in a month. |
| Ryanair said it carried 10.1 million customers last month, up 11% from a year earlier. | Ryanair said it carried 10.1 million customers last month, up 11% from a year earlier. |
| On the currency markets, the pound edged up 0.05% against the dollar to $1.5572, and rose 0.3% against the euro to €1.4342. | On the currency markets, the pound edged up 0.05% against the dollar to $1.5572, and rose 0.3% against the euro to €1.4342. |