FTSE shrugs off eurozone debt concerns

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The FTSE 100 was up 1.09% or 60.17 to 5588.44 at 10.20am, shrugging off yesterday's dull showing after concerns over the eurozone debt left the index firmly in the red.

A poor showing on Wall Street last night ended with the Dow Jones falling 46 points to 11,006 but this has not deterred UK investors. Software firm Sage leads the winners' board, up 4.28% or 11 points to 268p, after posting a 14% increase in full-year underlying pre-tax profit. Prudential has also opened strongly up 4.05% or 23 points to 591p on the back of the life insurer's plans for the Asian arm of the business to double its 2009 pre-tax operating profit of £465m by 2013. In early trading, miners are the top performers with Fresnillo, Kazakhmys and Xstrata all in the black. ...

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