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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/us-jobless-figures-end-ftse-rally.jpg"><img class="alignnone size-full" title="The FTSE 100 lost 22.2 points to close at 5745.3 on Friday" src="http://londonglossy.com/wp-content/uploads/2010/12/min-us-jobless-figures-end-ftse-rally.jpg" alt="The FTSE 100 lost 22.2 points to close at 5745.3 on Friday"/></a></p>
<p>A two-day rally for the FTSE 100 Index was brought to an end on Friday by disappointing employment figures from the United States.</p>
<p>London&#8217;s top flight index climbed more than 200 points in its two previous sessions but finished the week down 22.2 points at 5745.3 after American employment figures grew by less than expected.</p>
<p>The US Labour department said employers only added 39,000 jobs last month, sharply down from the 172,000 created in October. The unemployment rate fell 0.2% to 9.8% in November, a seven-month high and worse than expected.</p>
<p>Elsewhere in the US, orders for manufactured goods declined for the first time in four months, dropping 0.9% to 420 billion US dollars (£270 million) in October, the Commerce Department said.</p>
<p>The dollar fell sharply on fears over the US economic recovery, to 1.57 against the pound and 1.34 against the euro. The euro was resurgent on talk that the European Central Bank has been buying Spanish and Portuguese bonds, alleviating fears that the country will be able to service their debts. The pound was down to 1.18 euro.</p>
<p>Rising metal prices ensured mining stocks gained, with Fresnillo at the top of the risers board after lifting 60p to 1568p, and Kazakhmys not far behind after adding 24p to 1511p. Fashion label Burberry lost earlier gains seen after Seymour Pierce introduced a buy rating on the stock and praised its geographical and product mix. Shares initially lifted but were later down 20p to 1079p.</p>
<p>In corporate results, shares in pubs group Greene King rose after it reported a better-than-expected 17% hike in pre-tax profits to £73.1 million and a 4.2% improvement in revenues to £484.1 million. The company, which climbed 6p to 466p, also announced plans to fully integrate its Scottish business Belhaven in a bid to save the company £1 million.</p>
<p>Premier Foods shares fell more than 2% after the firm said it was in advanced talks with two parties over the sale of its meat-free food range Quorn. The statement follows speculation that named Swiss consumer giant Nestle as a frontrunner in the auction, which could value Quorn at more than £200 million. Shares were down 0.4p at 18.1p.</p>
<p>Housebuilder Berkeley provided some rare cheer to the sector when it posted an 18% rise in pre-tax profits and 20% surge in sales reservations. The firm, which focuses on London and the south east, lifted its profits guidance for the full year after strong demand in London and stable prices boosted sales. Shares were up 38p at 878p. The upbeat performance cheered the industry, with Barratt Developments up 4.5p at 78p, Taylor Wimpey ahead 1p at 26.4p and Bellway up 9.5p at 555p.</p>
<p>The biggest FTSE 100 risers were Fresnillo up 60p at 1568p, Johnson Matthey ahead 59p at 1926, Schroders up 33p at 1745p, and Anglo American ahead 51 at 3050.5p. The biggest footsie fallers were Man Group down 9.6p at 279.1p, Sage Group off 9.2p at 279.8p, Barclays down 7p at 268p, and Old Mutual off 3.1p at 120.1p.</p>
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