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Persimmon surges but FTSE 100 becalmed

The housebuilder is the biggest gainer on the FTSE 100, rising 4.3% after solid first-half results.

Shares in payment processor Worldpay jump 9% after a report suggests it could be a takeover approach.

Sterling remains above the $1.30 mark following hints that interest rate rises might be back on the cards.

Bank shares rise across Europe after Italy reaches a deal to bail out two banks.

UK shares lose ground in early trade but the pound climbs against the dollar.

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