Cairn Energy helps FTSE 100 open positively on Tuesday

Tuesday 23rd March 2010

The FTSE 100 opened strongly on Tuesday morning helped by positive updates from Legal and General and Cairn Energy.

At 10:10 GMT the London index stood at 5,693.55 – a rise of 49.01 points, or 0.87 per cent.

Cairn Energy saw its share price surge by over ten per cent to 416.0p in early trading, while L&G also rose by 4.49 per cent.

At the opposite end of the scale, Home Retail Group and Kingfisher both suffered a disappointing morning.

The former fell 1.45 per cent to 277.8p early on, while the latter was also down by almost one per cent.

This afternoon traders will be keeping a keen ear out for any news on what may be included in Alistair Darling's Budget tomorrow. ADNFCR-1783-ID-19683342-ADNFCR

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