FTSE opens higher despite global growth fears

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The FTSE has opened trading in positive territory, but fears of a double-dip recession on the back of disappointing US and Chinese economic data still abound.

Shortly after opening, London's leading shares were up 0.3% to 4852, after advancing 0.7% on Friday. Financials dominate the leaders, with Lloyds Banking Group - which is selling a portfolio of 40 private equity investments to a joint venture for £332m - up 1.19% to 55.35p and Aviva up 1.24%. Tui Travel, which has launched a green sub-brand leads the pack, is up nearly 2%. After making gains on Friday, miners are amongst the morning's losers, with Vedanta Resources down 0.75%, Antofagasta down 0.71% and Fresnillo 0.62% in the red. Rio Tinto is also down after selling the remaining par...

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