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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/banks-and-commodities-boost-ftse.jpg"><img class="alignnone size-full" title="The FTSE 100 rose 38.8 points to 5930.4 in early trading" src="http://londonglossy.com/wp-content/uploads/2010/12/min-banks-and-commodities-boost-ftse.jpg" alt="The FTSE 100 rose 38.8 points to 5930.4 in early trading"/></a></p>
<p>Banks and commodity stocks have sent London&#8217;s top share index surging to a fresh two-and-a-half-year high.</p>
<p>The FTSE 100 Index added 38.8 points to 5930.4 as higher metal and oil prices boosted commodities.</p>
<p>Gains for banking giants such as Barclays and part-nationalised Royal Bank of Scotland also lifted the Footsie as the sector continued to recover from Friday&#8217;s blow from Lloyds after it highlighted the impact of its Irish debts.</p>
<p>Barclays advanced 7.1p to 268.1p and RBS rose 0.9p to 39.2p.</p>
<p>But thin trading volumes in the lead up to the Christmas holidays was also thought to be behind the volatility.</p>
<p>The surge came despite news of more woes in the retail sector after small cap stock Alexon, the owner of Ann Harvey, Dash and Kaliko brands, issued a profits warning following snow-hit sales.</p>
<p>Blue chip retail giants such as Marks &#038; Spencer and Next fell into the red on Monday as snow and ice have been keeping shoppers away from stores in the busiest week of the year.</p>
<p>Alexon&#8217;s news of a 20% plunge in sales over the past few weeks confirmed the nightmare facing stores and sent its shares down 17% or 2.5p to 12.5p.</p>
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