Irish concerns for RBS drag FTSE down

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The FTSE is slightly down in early trading, with RBS hit by fears it may be exposed to Ireland's economic problems.

The index is down 0.14% at 5,808.75, after falling 0.99% yesterday amid worries over China's efforts to curb inflation. RBS shares are at 40.82p, down 3.18%, on the news its Irish business Ulster Bank made a loss of £176m in Q3. Meanwhile, interdealer broker ICAP is down 3.36% at 477.4, Barclays dropped 2.26% to 283.05p and Weir Group is down 2.1% at £16.30. However, mining stocks have performed well this morning, with Antofagasta, Fresnillo and Kazakhmys all up. In Europe, the Dax is down 0.13% at 6710.92 while the Cac is also down 0.53% at 3867.76. Overnight, the Nikkei clo...

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