Wall St gives FTSE late boost

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The FTSE 100 had climbed more than 48 points (1.18%) shortly before close on Tuesday in response to an early rally on Wall Street.

London's blue-chip index climbed above 4,180 to erase an earlier 2% dip, as the Dow Jones approached a 160 point climb just three hours after opening. Banking shares saw some of the biggest losses after a RICS report hinted at the extent the buy-to-let market had been hit by the economic crisis. HBOS dropped 13.69% while Lloyds TSB tumbled 13.15%. Antofagasta saw the biggest gains, up 9.23% to 346p, while Wolsely climbed 6.82% to 289.75p after it revealed cost-cutting measures. In the US, Wall Street markets opened in positive territory on some better-than-expected company results, an...

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