Northern Rock leads FTSE into red

Beleaguered Northern Rock led the London market into the red today after would-be rescuers came forward with cut-price salvage plans.

Northern Rock leads FTSE into red
Mon, 19 Nov, 2007 - 11:37

Beleaguered Northern Rock led the London market into the red today after would-be rescuers came forward with cut-price salvage plans.

The lender fell 16% today after the lender said the proposals received so far were “materially below” its current value.

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