Hope of Mortgage Cut As Shares Soar Again

Summary


LEADING shares soared today amid hopes that the worst of the global credit crunch is over.

The FTSE 100 index of bluechip stocks was up 191.4 to 6474.7 by lunchtime. But shares in Northern Rock suffered a rollercoaster ride on rumours about a possible low takeover bid from rescuers such as Lloyds TSB.

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Extract


Hope of Mortgage Cut As Shares Soar Again

At one stage shares in the troubled mortgage bank fell 20 per cent to an all-time low of 246.25p, but recovered to 266p, do...

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