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After closing week 0.5% down at 5,636.64 on Friday, UK FTSE 100 Index extended loss on Monday, falling to 5,620.3 in morning trade. The index recovered later and was trading flat at 5,641.84. The financial sector posted main drops after S&P agency's downgrading with Barclays giving up 2.1% and Lloyds Banking Group declining 1.9%. Carnival PLC plunged 17% on Costa Concordia shipwreck. Oil producers also suffered losses as BG Group PLC and BP PLC tumbled 0.8% and 0.6% respectively. On the upside were retailers Next PLC and Burberry Group PLC, each gaining 1.1% and 1.4% respectively. At the moment of writing UK benchmark index is 0.04% up at 5,638.69.