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Fri 11 Nov 2009Dubai debt delays hit shares

European shares dipped by midsession today as concerns about debt problems in Dubai rippled through the market, with banking and oil stocks among the worst performers.

By 1144 am, the pan-European FTSEurofirst 300 index of top shares was down 0.2 pe rcent at 985.97 points, having earlier been as high as 988.89. The index has gained 53 per cent since falling to a record low in early March and is up 18 per cent for the year.

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