Positive company news fails to boost FTSE

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The FTSE edged 0.1% lower to 5,853.66 points in early trading as company-specific news guided price moves.

Scottish & Southern Energy rose by 1.2% to £11.50 after winning a bid for a National Trust contract. Eurasian Natural Resources climbed 1.9% higher to 998p following an upgrade by UBS from ‘neutral' to ‘buy'. A 1.7% rise in bullion yesterday saw African Barrick Gold gain 0.6% to 605.5p. A court judgment in the US overnight, ruling part of President Obama's healthcare reform plans unconstitutional, helped AstraZeneca advance 0.7% to £30.74. Among UK blue chip fallers, TUI Travel was down 1.5% to 234p, the market unimpressed by reports it may buy a stake in Travelzest, owner of tr...

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