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Government standing by to take majority stakes in Royal Bank of Scotland and HBOS, and smaller stakes in Barclays and Lloyds TSB
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Government looks at options for HBOS in the event that the rescue takeover by Lloyds TSB falls apart
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Business Secretary eligible for 'golden goodbye' after four years as UK's European commissioner
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Investors fear bank's debt would return only a fraction of its face value in the event of a bankruptcy filing
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Germany, France, Italy and a further 12 European countries unveiled plan to salvage banking systems from potential ruin
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Government urged to draw up reserve powers to be used in event of major utility collapse
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British tycoon jets to Reykjavik in dramatic bid to seize control of ailing Icelandic retail giant
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Fall in share prices will lead to companies being forced to top up defined benefit
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UK advertising market could fall by up to 10% as companies reign in spending
More business news
| FTSE 100 | -381.7 |
|---|---|
| 3932.1 | |
| Closed |
| DAX | -342.69 |
|---|---|
| 4544.31 | |
| Closed |
| Dow Jones | -128.0 |
|---|---|
| 8451.19 | |
| Closed |
| Nikkei | -881.06 |
|---|---|
| 8276.43 | |
| Closed |
| Moving up FTSE 100 | Price | Change |
|---|---|---|
| THOMSON REUTERS | 1,101.00p | +0.09% |
| Moving down FTSE 100 | Price | Change |
|---|---|---|
| SCHRODERS NV | 619.59p | -28.90% |
| ROYAL BANK SCOT | 71.70p | -25.31% |
| SCHRODERS | 784.49p | -25.19% |
| HBOS | 124.13p | -19.09% |
| 3I GROUP | 500.50p | -16.23% |
Financial data from
Share prices are updated with a 15-minute delay. Data is not intended for trading purposes. Important disclaimer.
Other news
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Nokia's unlimited mobile music service and new touchscreen handset, the 5800 XpressMusic, will launch in the UK in mid-October. By Richard Wray
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America has never fully forgotten the horrors of the Great Depression. Could the present economic crisis lead to suffering on a similar scale once again? Clive Webb examines the parallels
-
Larry Elliott: Economic meltdown pushes the EU both towards closer integration and disintegration
-
Market forces live
-
'The FTSE 100 suffered its worst week since the 1987 crash, losing more than 20% of its value over just five days, as furious selling across the world's markets continued this afternoon'
Latest blogposts
-
FTSE 100 down more than 20% this week
Chris Tryhorn,Oct 10 2008, 5.14pm -
Chris Tryhorn,Oct 10 2008, 3.19pm
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