By Daniel Hunter

The FTSE100 fell in early trading on Wednesday as investors waited for the Autumn Statement.

The FTSE was down 25 points with Royal Mail falling a further 2.8% after similar drops yesterday (Tuesday).

It comes after the communications regulator Ofcom said there was no threat to Royal Mail's universal service.

Sage was the big riser with share price up 3.2% after the computer software reported a 5% increase in revenues.

Oil and gas companies were up in the first few minutes of trading, but soon fell back.

The price of Brent crude oil, which fell to a five-year low on Monday, was up 62 cents to $71.16 a barrel.

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