Northern Rock dividend cancelled
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Northern Rock confirms that it will not pay its dividend and says it is in talks to sell some or all of the bank.
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The FTSE fell on Wednesday as a disappointing trading update from Northern Rock added to concern about rising interest rates.
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Business & money: Northern Rock's share price is expected to suffer a further slide as the prospect of a bid ebbed away.
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Treasury chief Alistair Darling said Sunday that struggling bank Northern Rock PLC will be nationalized after the government rejected two private takeover bids.
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Government financing triggers move but Treasury says Northern Rock has not been nationalised
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The British government tried to stem the tide of cash pouring out of Northern Rock  on Monday, promising depositors they wouldn't lose a penny as the bank's share price plunged further and thousands queued to withdraw their savings.
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Northern Rock shareholder SRM warns the Treasury not to nationalise Northern Rock for less than a fair price.
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Shares of Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) fell an additional 10 percent Monday after the insurance broker canceled an investor call to explain the financial
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The Bank of England was authorized to provide a âliquidity support facilityâ to Northern Rock, prompting a sell-off of British bank stocks.
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Shares in Northern Rock dropped 40 percent to a 7-year low in London after customers reportedly withdrew at least Â£2 billion, or $4 billion.
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Northern Rock will not pay the interim dividend it announced in July, BBC business editor Robert Peston learns.
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PartyGaming Plc PRTY.L said on Tuesday   it was cancelling its interim dividend following its decision   to suspend all gaming business with U.S. players in the face of   a ban.
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JPMorgan Chase & Co.  has canceled its auction of assets from two troubled Bear Stearns Cos. Inc.  hedge funds, a source familiar with the matter said on Wednesday.
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Three leading hedge funds are planning a break-up of beleaguered British bank Northern Rock , according to a newspaper report on Sunday.
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MACQUARIE Bank Ltd announced a suspension of trading in its shares after the market closed today. Paterson Securities adviser Michael Heffernan said the trading halt could be related to two issues - the
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Lone Star Funds canceled an agreement on Thursday to sell its controlling stake in Korea Exchange Bank to Kookmin Bank.
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The share price in embattled bank Northern Rock plunged by 29 percent to 311 pence at the start of trading on the London Stock Exchange on Monday.