Morning markets: Financials a mixed bag in flat FTSE

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The FTSE 100 was up 11 this morning at 5,613 points, with financials peppering both sides of the gainers and losers tables.

Barclays fell 1.8% to 339.7p as rumours swirled about a fundraising backed by a Chinese investor. Credit Suisse said this week Barclays was its favourite UK bank, with a target of 375p, but added there was "limited scope for balance sheet expansion". Schroders, which went ex-dividend, dropped 1.8% to £13.63. Morgan Stanley said its sales momentum had "broadened from the corporate bond focus of the second and third quarters of 2009". Man Group also fell, by 1.9% to 244.7p. British American Tobacco and TUI Travel, newly ex-dividend stocks, fell by 3.8% and 2.4% respectively. Ro...

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