Northern Rock pushes FTSE down

Northern Rock was once again the biggest loser on the London market today amid growing fears that it would struggle to secure a decent takeover bid.

Northern Rock pushes FTSE down

Northern Rock was once again the biggest loser on the London market today amid growing fears that it would struggle to secure a decent takeover bid.

The troubled mortgage bank dived a further 28%, or 71.8p to 185.2p, as confirmation that the Treasury's guarantee for savers would not cover newly opened accounts added to the negative sentiment.

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