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Eurozone bailout fund deal boosts FTSE

AN agreement to boost the eurozone bailout fund lifted London's leading shares index and helped it finish the first quarter of 2012 with gains of 3.5%.

The 17 nations will increase the fund to €700 billion (£585.4bn), beyond its current ceiling of €500bn in a bid to stop the crisis escalating.

The FTSE-100 Index, which has suffered three days of declines, closed 26.4 points higher at 5768.5, as traders picked up banking and mining stocks which had been hit by the mid-week retreat.

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