London’s leading shares plunged to a three-year low today as markets endured a second day of turmoil in the aftermath of the Lehman Brothers collapse.
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Halifax Bank of Scotland (HBOS) today sought to reassure investors over its funding, but failed to prevent its shares slumping for the second day in a row.
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Department store chain Debenhams, one of the anchor stores at Liverpool One, allayed fears over trading today after reporting a “marked improvement” in business during August.
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FEARS were growing last night that the escalating crisis hitting the world’s financial markets was set to deepen the problems being faced by the region’s construction industry.
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CHESHIRE Building Society chief executive Karen McCormick is to get a £224,000 pay-off as part of £1m in compensation being paid to directors of the Cheshire and Derbyshire building societies following their merger with Nationwide.
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ALTHOUGH nobody has a Lehman Brothers bank account, the impact of the Wall Street bank’s collapse is likely to be felt by mill-ions around the world.
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PART of a huge Airbus factory near Bristol is being sold to engineering giant GKN in a deal worth £136m – but the aircraft maker says the sale will have no effect on operations or jobs at its key wingmaking plant at Broughton, near Chester.
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More than £50 billion was wiped off the value of blue chip stocks today as news of Lehman Brothers’ dramatic demise spread havoc throughout world stock markets.
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BALLOT papers are being sent out to hundreds of Liverpool city centre businesses asking them to approve a new Business Improvement District (BID).
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