LONDON, March 26 Britain's benchmark share index
was flat on Tuesday, marking a slight recovery from losses in
the previous session caused by worries over Cyprus' bailout
deal, with financial stocks among the top gainers.
The blue-chip FTSE 100 was broadly flat at 6,379.06
points by 0810 GMT, having fallen 0.2 percent on Monday.
Fund management group Schroders topped the FTSE's
leaderboard, adding to gains in the previous session as
investors welcomed its acquisition of Cazenove Capital and the
stock was also boosted by a price target upgrade by Exane BNP
Central Markets chief strategist Richard Perry said that
while concerns remained over the effects of the stern Cyprus
deal - which has seen Cyprus agree to shut its second-biggest
bank and inflict heavy losses on big depositors - the
longer-term outlook for the FTSE remained positive.
The FTSE is up nearly 10 percent since the start of 2013,
and Perry said he would keep a long-term bullish view on the
index provided that any pull-backs caused by the Cyprus
situation did not push the index below last month's lows of
around 6,210 points.
"Technically, it's still holding onto a positive outlook,"
(Reporting by Sudip Kar-Gupta)