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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/11/irish-bailout-cheer-fails-to-linger.jpg"><img class="alignnone size-full" title="The FTSE 100 Index down 5.3 points to 5727.5" src="http://londonglossy.com/wp-content/uploads/2010/11/min-irish-bailout-cheer-fails-to-linger.jpg" alt="The FTSE 100 Index down 5.3 points to 5727.5"/></a></p>
<p>London&#8217;s FTSE 100 Index has failed to hold on to gains as investor cheer over Ireland&#8217;s imminent rescue package proved short lived.</p>
<p>The Footsie opened more than 30 points higher following news on Sunday that Ireland will accept an EU bail out, but stocks soon slipped &#8211; down 5.3 points to 5727.5 &#8211; as attentions began to focus on details of the rescue and on other debt-laden countries in the eurozone.</p>
<p>Futures trading suggested the Dow Jones Industrial Average on Wall Street would tick modestly higher, with investor focus also on the latest quarterly update from US technology giant Hewlett Packard.</p>
<p>While the bounce back was only brief on the FTSE 100, Ireland&#8217;s bail out gave commodity prices a boost, with oil prices rising to around 83 US dollars a barrel.</p>
<p>Blue-chip banks quickly lost early session gains despite the removal of concerns over their exposure to the Irish crisis.</p>
<p>Part-nationalised Royal Bank of Scotland, which is seen as being the most vulnerable in terms of Irish lending through its Ulster Bank subsidiary, fell 3% down 1.3p to 40.5p.</p>
<p>Shares in fellow tax-payer backed Lloyds Banking Group dropped 1.3p to 65.5p and Barclays eased 2.8p to 271.4p.</p>
<p>Miners provided some of the biggest gains of the session, with Vedanta Resources up 39p to 2247p.</p>
<p>Financial Times publisher Pearson was also making advances as the market reacted well to news of its deal to buy a 75% stake in CTI Education, a South Africa based higher education company, for £31 million. Analysts at UBS estimated the acquisition could add to Pearson&#8217;s earnings in 2011 and shares in the group lifted 12p to 942.5p,</p>
<p>One of the biggest rises in the FTSE 250 Index came from outsourcing firm MITIE after it announced a 12% rise in half-year profits and said it was hopeful of snapping up contracts as public sector clients look to cut costs. Shares jumped 4% or 7.5p to 208.5p.</p>
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