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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CourtsBusinessHeathrowPlace: LondonPlace: AntofagastaPerson: Taylor WimpeyOrganisation: Northern RockOrganisation: FTSEOrganisation: RockOrganisation: Swiss ReOrganisation: Alliance & LeicesterOrganisation: BarclaysOrganisation: Royal Bank of ScotlandOrganisation: British LandOrganisation: Land SecuritiesOrganisation: HammersonOrganisation: XstrataOrganisation: Standard CharteredOrganisation: TemasekOrganisation: ITVOrganisation: Royal Dutch ShellOrganisation: HousebuildersOrganisation: Barratt DevelopmentsOrganisation: PersimmonOrganisation: Burren EnergyOrganisation: Eni
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