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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/takeover-talk-fails-to-lift-ftse.jpg"><img class="alignnone size-full" title="The FTSE 100 Index dropped 8 points to 5800" src="http://londonglossy.com/wp-content/uploads/2010/12/min-takeover-talk-fails-to-lift-ftse.jpg" alt="The FTSE 100 Index dropped 8 points to 5800"/></a></p>
<p>Takeover talk surrounding a raft of blue chip stocks was not enough to offset the impact of a stronger dollar on commodity shares as the London market edged lower.</p>
<p>The FTSE 100 Index dropped 8 points to 5,800 after the strong greenback saw energy and metal prices slide, sending heavily-weighted miners lower.</p>
<p>Kazakhmys was down 20p at 1534p, Rio Tinto off 47p at 4458p and Eurasian Natural Resources fell 9.5p to 935p.</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 more than 4% at 1175p.</p>
<p>There was similar interest in medical devices firm Smith &#038; Nephew, which sat more than 5% 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. 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 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 4%, or 15.5p, to 392.5p.</p>
<p>Corporate earnings provided the focus in the FTSE 250, with Comet parent Kesa Electricals dropping 0.1p to 171.8p after it reported a three-fold increase in UK half-year losses as second quarter sales slumped 10%.</p>
<p>Comet saw losses widen to 6.4 million euros (£5.4 million) in the six months to October 31 up from 1.8 million euros (£1.5 million) a year ago.</p>
<p>Shares in video games and consoles retailer Game Group plunged 6% as it warned profit margins would be hit as it runs more promotions to reverse falling sales. Game said like-for-like sales in the UK and Ireland were down 7.6% in the 18 weeks to December 4, compared with a 16.2% decline in the first half.</p>
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