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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/strong-greenback-impacts-on-ftse.jpg"><img class="alignnone size-full" title="The FTSE 100 Index dropped 14 points to close Wednesday on 5794.5" src="http://londonglossy.com/wp-content/uploads/2010/12/min-strong-greenback-impacts-on-ftse.jpg" alt="The FTSE 100 Index dropped 14 points to close Wednesday on 5794.5"/></a></p>
<p>Takeover speculation surrounding a raft of blue chip stocks was not enough to weaken the impact of a stronger dollar on commodity shares as the London market edged lower.</p>
<p>The FTSE 100 Index dropped 14 points to 5794.5, as the strong greenback saw energy and metal prices slide, sending heavily-weighted miners lower.</p>
<p>Kazakhmys was down 31p at 1523p, Rio Tinto was off 135p at 4370p and Eurasian Natural Resources fell 13.5p to 931p.</p>
<p>Strong manufacturing data from the CBI lifted the pound which was up against the dollar at 1.57 and up against the euro at 1.19.</p>
<p>Traders piled into fashion house Burberry as bid rumours resurfaced following Tuesday&#8217;s British Fashion Awards, with US designer Coach mooted as a potential interested party. Shares were up nearly 2% at 1156p.</p>
<p>There was similar interest in medical devices firm Smith &#038; Nephew, which sat more than 9% higher at the top of the risers board, after reports cited an 800p per share cash offer from a US consortium of private equity players.</p>
<p>But investors were not impressed by ongoing in-fighting between shareholders at Lakeside owner Capital Shopping Centres.</p>
<p>The group shot to the top of the fallers&#8217; board after takeover suitor and major investor Simon Property said it will vote against Capital&#8217;s planned acquisition of Manchester&#8217;s Trafford shopping mall.</p>
<p>It added it was still interested in buying Capital, but threatened to drop any potential offer unless it was allowed to carry out due diligence. Shares in Capital fell 5%, or 21.8p to 386.2p.</p>
<p>Corporate earnings provided the focus in the FTSE 250, with Comet parent Kesa Electricals dropping 2.3p to 169.6p after it reported a three-fold increase in UK half-year losses as second quarter sales slumped 10%. Comet saw losses widen to 6.4 million euro (£5.4 million) in the six months to October 31, up from 1.8 million euro (£1.5 million) a year ago.</p>
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