Morning Markets: FTSE flat but British Airways takes off

The FTSE 100 fell 0.16% to 5,774.29 in early trading, despite British Airways shares rising this morning.

British Airways was up 1.4% at 237.2p by 0900 after the UK flight ban was eased, allowing BA to land a number of long-haul flights in London last night. Software producer ARM Group rose by 2.4% to 248.8p, buoyed by analyst-beating second quarter profits from Apple in the US overnight, and a new buy recommendation for ARM from Deutsche Bank. Tesco, which signalled major expansion in China along with a 6% rise in sales in 2009, rose by 1.4% to 436.9p. Rival Marks & Spencer was among the biggest losers, down 2.2% to 379p after Bank of America Merrill Lynch cut its rating to underperfo...