London market 'treading water'

The Footsie index of 100 leading stocks is ahead 12.8 points at 4708.9 at lunchtime.

London market 'treading water'

The Footsie index of 100 leading stocks is ahead 12.8 points at 4708.9 at lunchtime.

Philip Shaw, an economist at Investec, says the market has been "treading water" virtually all day.

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