FTSE up after Dubai bailout

London’s FTSE 100 Index posted healthy gains today after Dubai’s £6bn (€6.7bn) emergency bailout from Abu Dhabi soothed nerves around financial stocks.

FTSE up after Dubai bailout
Mon, 14 Dec, 2009 - 13:32

London’s FTSE 100 Index posted healthy gains today after Dubai’s £6bn (€6.7bn) emergency bailout from Abu Dhabi soothed nerves around financial stocks.

The Footsie rose 1% or 52.6 points to 5314.4 by lunchtime amid relief over the Middle East situation after oil-rich Abu Dhabi handed over rescue cash to help Dubai pay debts owed by its struggling Dubai World conglomerate.

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CourtsBusinessFTSEPlace: Abu DhabiPlace: Middle EastPlace: DubaiPlace: USOrganisation: LondonOrganisation: FootsieOrganisation: DubaiOrganisation: Dubai WorldOrganisation: London Stock ExchangeOrganisation: Borse DubaiOrganisation: LSEOrganisation: Standard CharteredOrganisation: HSBCOrganisation: BarclaysOrganisation: Lloyds Banking GroupOrganisation: LloydsOrganisation: CadburyOrganisation: KraftOrganisation: WhitbreadOrganisation: CostaOrganisation: Premier InnOrganisation: British AirwaysOrganisation: MouchelOrganisation: VT GroupOrganisation: Shanks
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