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Wednesday, September 19, 2007

Northern Rock

Whilst the depositors in Northern Rock may now feel relaxed, the shareholders are in a very different position.

Shares are down 8%, and are currently trading at 280 pence (off a low of 246 pence).

This is rapidly becoming a "traders" share, as stake sales from two investors reignited concerns over Northern Rock's future.

The drop is explained by traders as being due to possible offers for takeover at around 200 pence or lower.

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