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    September 17, 2007

    Northern Rock loses another 35 percent

    Filed under: Companies, Northern Rock, Enterprise Inns, Bradford & Bingley, Alliance & Leicester, BT Group, Northern Foods, Smith & Nephew, Persimmon, Barratt Developments, Minerva, Sage, Gyrus, Hikma Pharmaceuticals, Go-Ahead Group

    London’ equities markets saw substantial declines again on Monday.

    The FTSE 100 was 1.69 percent lower to 6,182.8 and the FTSE 250 dropped 1.91 percent to 10,745.3.

    Northern Rock (LSE: NRK) was the biggest decliner on the 100 as it fell 35.45 percent to 282.75p, followed closely by Alliance & Leicester (LSE: AL) with a drop of 31.27 percent to 600p.

    Over on the 250, mortgage lender Bradford & Bingley (LSE: BB) was 15.39 percent lower to 279p.

    But the worst performer on the 250 was property developer Minerva (LSE: MNR), which was down 16.34 percent to 216.25. House builders fell on the 100.

    Persimmon (LSE: PSN) dropped 6.89 percent to 946p, while Barratt Developments was 7.29 percent lower to 769p.

    Pubs operator Enterprise Inns dropped 7.37 percent to 578p. Back on the 250, surgical supplies company Gyrus Group (LSE: GYG) was 8.08 percent lower to 398p.

    The best performer of the session on the 250 was drug maker Hikma Pharmaceuticals (LSE: HIK) with a gain of 4.68 percent to 425p.

    Northern Foods (LSE: NFDS) added 4 percent to 97.5p, while rail and bus transport firm Go-Ahead Group (LSE: GOG) was up 1.66 percent to £25.18.

    Software maker Sage Group (LSE: SGE) had the best day on the 100, where it gained 2.77 percent to 250p.

    Medical devices manufacturer Smith & Nephew (LSE: SN) added 0.7 percent to 572p, while in the telecommunications sector BT Group (LSE: BT.A; NYSE: BT) was 0.16 percent higher to 316.75p.





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