London stocks were steady in early trade on Monday following a muted session in Asia.
At 0845 GMT, the FTSE 100 was flat at 7,345.77.
Richard Hunter, head of markets at Interactive Investor, said: “In early exchanges, UK indices saw a lacklustre open, with some weakness in cyclical stocks offset by a drift to defensives to render the indices flat.
“Any sustained weakness could, however, tempt institutional international investors back into the fray with the UK market having underperformed some of its global peers on a relative basis.
“Even so, the gains in the year to date have been rewarding, with the FTSE 100 up by 13.7% and the more domestically-focused FTSE250 by 15%.”
Jarvis Investment Management Ltd offers a wide range of stockbroking and administration services and solutions. Their parent company, Jarvis Securities plc (LON:JIM) is listed on AIM.