Eu Agreement Sought Over Tax Loans to Northern Rock

Summary


BRITAIN has asked the European Commission to approve the aid it has provided to struggling mortgage lender Northern Rock, a Commission spokesman said yesterday, writes Martin Flanagan

It came as Northern Rock's shares showed further solid gains after Monday's confirmation that a consortium led by Sir Richard Branson's Virgin Group has been declared the preferred bidder for the mortgage bank.

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Extract


Eu Agreement Sought Over Tax Loans to Northern Rock

The shares put on nearly 8 per cent to 118p after Monday's 28 p...

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