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RBS drags FTSE 100 lower

The FTSE 100 has lost almost 1 per cent in early trades after RBS published its half-year results

At 10:53am the blue-chip index stood at 4645.57, a fall of 0.96 per cent, with Royal Bank of Scotland leading the fall after announcing it has posted a £1bn net loss for the first half of 2009.

The firm’s share price has fallen by 12.52 per cent to 46.76 pence. Other fallers included Eurasian Natural Resources and Lloyds Banking Group, which have fallen by 6.65 and 5.64 per cent respectively.

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