The London stock market was flat in early trade on Wednesday, with investors waiting for the presentation of the pre-Budget report. The FTSE 100 index was up by 9.99 points, or 0.19 percent, at 5,233.12 points at 08:50 GMT. Banking shares staged a slight recovery after sharp falls on Tuesday prompted by Dubai debt fears. Lloyds Banking Group climbed 1.9 percent and RBS was up 0.8 percent. 