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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/ftse-hit-by-goldman-sachs-results.jpg"><img class="alignnone size-full" title="The FTSE 100 Index dropped 25.8 points to 6030.63" src="http://londonglossy.com/wp-content/uploads/2011/01/min-ftse-hit-by-goldman-sachs-results.jpg" alt="The FTSE 100 Index dropped 25.8 points to 6030.63"/></a></p>
<p>Investors were left disappointed by earnings results from US investment bank Goldman Sachs as markets on both sides of the Atlantic were weighed down by the financial sector.</p>
<p>Wall Street&#8217;s Dow Jones Industrial Average was lower after Goldman reported a 53% plunge in fourth-quarter profits due to sharp declines in its investment banking businesses. Its stock fell 2.6%.</p>
<p>In the UK, the FTSE 100 Index lost 25.8 points to 6030.63, with banks and miners leading the retreat from Tuesday&#8217;s fresh 31-month high.</p>
<p>Barclays, which has also been troubled by uncertainty in the eurozone and a £67 million fine and compensation order on Tuesday from the Financial Services Authority, dropped more than 2% or 6.2p at 301.5p.</p>
<p>Sentiment was weak across the Footsie financials as HSBC lost 0.7p at 710p, Lloyds dropped 0.6p to 67.1p and investment bank Investec eased 33p at 5701p.</p>
<p>Financial Times publisher Pearson headed gains on London&#8217;s FTSE 100 after it raised guidance for a key earnings target in an upbeat trading statement. The group&#8217;s shares rose 59p to 1065p, or 6%.</p>
<p>But the focus was largely outside the top flight after the latest flurry of updates.</p>
<p>While bookmakers William Hill and Ladbrokes raced 7% and 3% higher, Comet parent Kesa plummeted and embattled music and book group HMV suffered hefty falls as Christmas trading woes took their toll.</p>
<p>William Hill shares rose 13.3p to 190p as it said the weather conditions that decimated sporting fixtures in the run-up to Christmas may not have been as damaging to its business as many feared.</p>
<p>It forecast annual profits at the top end of expectations and said retail turnover grew by 4% in December, despite the weather disruption.</p>
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