Nationalisation at Rock less likely
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The government is to offer more financial support to private sector Northern Rock buyers.
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British Prime Minister Gordon Brown defended his decision to nationalize the struggling lender Northern Rock but some shareholders are threatening legal action.
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Gordon Brown says it would be wrong to dismiss any options over Northern Rock - including nationalisation.
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A number of banks have eyed up a takeover move for Northern Rock -  but no deal looks likely soon, the BBC learns.
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Business & money: Banks and venture capital study government plan for Northern Rock - whilst Branson refuses to match Olivant offer for lender
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The British government faced questions Monday over its economic competence after nationalising Northern Rock, the beleaguered mortgage lender that fell victim to the global credit crunch six months ago.
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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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Business & money: But building society produces evidence that upward trend is slowing.
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The bill to nationalise Northern Rock will go before the Commons later, with the Tories set to vote against it.
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Government is tightening control over sector once dominated by private enterprise
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Business & money: Government tells two groups bidding for Northern Rock to improve their offers or see bank nationalised
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The bill to nationalise Northern Rock is to be debated in the Commons, with the Tories set to vote against it.
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Leading shares closed in positive territory with Northern Rock clawing back some of its recent losses on hopes that a mystery bidder is planning a takeover of the embattled lender.
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Chancellor Alistair Darling outlines details of a funding plan that could help a private sale of Northern Rock.
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The nationalization of Northern Rock, the ailing mortgage lender, was the first such action in more than a decade and a huge blow for Prime Minister Gordon Brown.
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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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Treasury chief Alistair Darling said Sunday that struggling bank Northern Rock PLC will be nationalized after the government rejected two private takeover bids.