Deadline expires for Northern Rock rescue bids

The UK government’s deadline for rescue bids for crisis-hit mortgage lender Northern Rock expires today with a trio of possible deals on the table.

Mon, 04 Feb, 2008 - 08:08

The UK government’s deadline for rescue bids for crisis-hit mortgage lender Northern Rock expires today with a trio of possible deals on the table.

Richard Branson’s Virgin-led consortium and investment firm Olivant are set to table their plans for the company, with a bid by Northern Rock’s own management also possible.

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