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FTSE 100 opens down after Monday's rise

Tuesday 2nd February 2010
By Mike Jones

The FTSE 100 Index fell slightly this morning following yesterday's 1.1% rise.

Takeover speculation fuelled Monday's increase with a potential bid for Northumbrian Water increasing shares elsewhere in the sector.

The FTSE 100 was up 58.9 points higher at 5247.4 by Monday's close.

RBS was among the biggest Footsie risers up 2.56p at 34.86p. Meanwhile, Imperial Tobacco fell 24p at 2002p on the back of the Government's proposed new anti-smoking drive.

However, despite better than expected results from oil giant Exxon Mobil, and a rise in US consumer spending for the third month in a row seeing US stocks also increase, the FTSE fell back slightly in early trading today.

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