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Northern Rock to not pay interim dividend to shareholders

Reports on the BBC have suggested that Northern Rock will not pay the interim dividend it announced in July before its recent turmoil.

According to the BBC, the firm has come under pressure from both the FSA and the Treasury not to make the payment of £59m.

The article says that it is likely the bank will defer the dividend payment, not cancel it altogether.

An official announcement is expected later on Tuesday or Wednesday.


UK savings up by almost £10bn, says figures show that savings increased by almost £10bn to £47bn in the second quarter of 2007, while borrowing dropped from nearly £13bn to £4bn compared to the same time last year.

Just Retirement business booms

Just Retirement’s new business sales rocketed by 127 per cent this year.The company’s preliminary results for the year ended June 30 shows new business sales leaping to £677m from £298m the previous year.Annuity business rose by 118 per cent to £552m from £253m and equity-release sales nearly tripled to £125m from £45m.Chief executive Mike Fuller […]

In a Nutt shell

Jupiter income has recently celebrated its 20th birthday. It has had just four managers over this time, if you count the caretaker manager between January and April 2000. The fund really hit the headlines after William Littlewood took it over in December 1990. Its performance was way above any other equity income fund and considerably […]


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