08:51
FTSE flat after opening in the red
Looking at the wider index, the FTSE 100 dipped 0.2 per cent at the open but is currently flat at 6,944.
Partly weighing on the export-heavy index is a stronger pound, which is up 0.3 per cent against the dollar, with £1 buying 1.392 on currency markets this morning.
Among the top fallers are utilities groups Pennon and United Utilities, along with large dollar-earning consumer staples companies such as Diageo and British American Tobacco.
Meanwhile, British Airways parent IAG and engine makers Rolls-Royce are the top risers, with shares up around 2 per cent.
The domestically focussed mid-cap FTSE 250 index is doing better, rising 0.3 per cent to 22,436.
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