FTSE inches up

Northern Rock shares hit a new low today as speculation over the ailing banking group's prospects continued to darken.

FTSE inches up
Mon, 01 Oct, 2007 - 12:28

Northern Rock shares hit a new low today as speculation over the ailing banking group's prospects continued to darken.

The Newcastle-based business saw its shares touch 144.5p, valuing the company at around £609m (€873m) - a decade to the day from the former mutual's debut as a publicly-listed company.

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