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FTSE opens lower ahead of G20

The FTSE 100 started the month lower at 3,923 down from its previous close of 3,926 with equities unable to maintain the rally enjoyed in Tuesday’s session.

By 9am, the index was down 1.7 per cent to 3,858 with thin corporate reporting on April Fool’s day focusing investor attention on G20 discussions.

By 1pm, it had narrowed losses and was down 0.28 per cent to 3,915.

Banks slipped in early trades but by lunchtime Barclays was up 1 per cent to 149.70p. Lloyds Banking Group regained some ground, but was still 0.71 per cent to 70.20p and Royal Bank of Scotland gained 0.82 per cent to 24.70p.



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