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FTSE muted in morning trades

The FTSE 100 opened at 4,461 today and remained relatively flat with news of Barclay’s deal with BlackRock unable to spark a strong rally.

By 9.28am, the index was up 0.1 per cent at 4,466 after opening down slightly.

Barclays was down 1.7 per cent at 299.25 as investors responded to the deal news, while other banks gained with Lloyds Banking Group up 2.1 per cent to 68.10p, Royal Bank of Scotland up 2.8 per cent at 40.80p and HSBC up 0.3 per cent to 550p.

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