FTSE steady ahead of ECB decision

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p><a href&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2010&sol;12&sol;ftse-steady-ahead-of-ecb-decision&period;jpg"><img class&equals;"alignnone size-full" title&equals;"The FTSE 100 Index stood 39 points higher at 5681&period;4" src&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2010&sol;12&sol;min-ftse-steady-ahead-of-ecb-decision&period;jpg" alt&equals;"The FTSE 100 Index stood 39 points higher at 5681&period;4"&sol;><&sol;a><&sol;p>&NewLine;<p>The London market has remained steady with traders looking to the European Central Bank to soothe fears over the deepening debt crisis in the eurozone&period;<&sol;p>&NewLine;<p>The FTSE 100 Index lifted 39 points to 5681&period;4 amid hopes that the ECB will step up its Government bond-buying programme at its latest rate-setting meeting&period;<&sol;p>&NewLine;<p>Pressure has mounted since Ireland sought a financial bailout from the EU last month&comma; fuelling fears that other nations &&num;8211&semi; particularly Portugal and Spain &&num;8211&semi; will follow in its footsteps&period;<&sol;p>&NewLine;<p>Investors were cheered further by reports suggesting the US government was prepared to see more International Monetary Fund money used to help indebted eurozone countries&period;<&sol;p>&NewLine;<p>The positive sentiment lifted banking stocks&comma; with part-nationalised banks Lloyds and Royal Bank of Scotland up 1&period;1p at 65&period;1p and 0&period;6p at 40&period;4p respectively&period;<&sol;p>&NewLine;<p>In corporate news&comma; Thomson Holidays owner TUI Travel advanced more than 6&percnt; to the top of the risers board after its full-year results revealed an 11&percnt; increase in full-year operating profits&period; The travel firm made an underlying operating profit of £447 million in the year to September 30&comma; up from £401 million the previous year&period; Shares were up 13&period;5p at 227&period;9p&period;<&sol;p>&NewLine;<p>B&&num;038&semi;Q owner Kingfisher saw shares lift 8&period;4p to 246&period;2p after it said growth in international sales had offset a decline in the UK&period;<&sol;p>&NewLine;<p>Rolls-Royce recovered from losses earlier in the session&comma; after Australian airline Qantas said it had launched preliminary legal action against the company&comma; after the recent failure of its Trent-900 engine&comma; which was powering a Qantas A380 superjumbo&period; The airline said it had filed a statement of claim in a federal court that will allow it to launch legal action against Rolls-Royce if required&period; Shares were up 1p at 619&period;5p&period;<&sol;p>&NewLine;<p>Outside the top flight&comma; JJB Sports plummeted 22&percnt; or 1&period;3p to 4&period;5p after it revealed it expected to breach certain financial covenants on a £25 million Bank of Scotland loan after a deterioration in trading&period;<&sol;p>&NewLine;<p>Meanwhile&comma; results from pub company Marston&&num;8217&semi;s cheered investors after the Pitcher &&num;038&semi; Piano firm reported a 4&period;6&percnt; rise in profits to £73&period;5 million as it reaped the benefit of its plan to focus on &&num;8220&semi;food&comma; families&comma; females and forty&sol;fifty-somethings&&num;8221&semi;&period; Shares were up more than 5&percnt; or 5&period;9p at 106&period;5p&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-69e32bcd23a62">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 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