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FTSE wavers amid talk of ECB ‘haircut’ on Greece

Euro drops below $1.30 again; US Federal Reserve prepares to reveal its policymakers’ interest rate projections.

 

But Ashmore (ASHM.L) was the biggest gainer, jumping 15p to 370p, after Barclays Capital upgraded the emerging markets-focused asset manager to ‘overweight’ from ‘equal weight’.

Lloyds (LLOY.L) was the biggest loser on the index, shedding 0.8p to 30.93p, amid the fears over Europe and concerns over a return to recession in Britain – to whose economy the lender is mostly exposed. Official figures showed earlier that the UK economy contracted more than expected in the fourth quarter.

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