Britain Says Northern Rock Is Not Sold Yet
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Britainâs prime minister, Gordon Brown, denied reports that he had made a deal with Richard Branson over the sale of Northern Rock during a trip to China and India.
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Gordon Brown says it would be wrong to dismiss any options over Northern Rock - including nationalisation.
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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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Bailed-out British bank Northern Rock was hoping Sunday its attempts to reassure panicking customers would pay off as the lender tried to avoid falling victim to the global credit squeeze.
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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 rescue of British bank Northern Rock  could get bogged down in a legal battle as shareholders criticized the government's handling of the five-month crisis just as a decision nears.
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Britainâs treasury chief said that the struggling bank Northern Rock will be nationalized after the government rejected two private takeover bids.
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The future of ailing British bank Northern Rock -- including possible nationalisation -- is to be decided in the next six weeks, the Chancellor of the Exchequer Alistair Darling said in an interview on Saturday.
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Britain decided to nationalize Northern Rock  on Sunday, abandoning a five-month attempt to snare a private sector buyer for the ailing bank and piling more pressure on Prime Minister Gordon Brown.
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Â· Northern Rock shares drop 30% after rescueÂ· Bank websites down as customers panic
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Northern Rock faced another day of customers withdrawing their savings and share price drops on Monday after an emergency bail-out from the Bank of England last week.
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Write-downs at a British mortgage lender and a new warning from the Bank of England prompt cautious trading in the UK; continental response is more muted.
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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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British finance minister Alistair Darling announced on Sunday the temporary nationalisation of troubled bank Northern Rock, which was hit by the global credit crunch in August.
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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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LONDON/NEWCASTLE  - British Prime Minister Gordon Brown defended his handling of the nationalization of Northern Rock on Monday, but will now have to grapple with the fallout of possible job cuts and shrinking the bank.
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Northern Rock says it is in talks about 'a variety of potential transactions' but has cancelled its dividend.