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Alliance And Leicester Figures

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According to the local Leicester paper, Alliance and Leicester have greatly increased the amount of money they have loaned on houses. The headline uses the word "doubles". But their pre-tax profit went down by seven percent to £548 million. Their core operating profit did increase by an unspecified percentage to £548 million.

I'm mulling over the meaning of this, and am going to ask the investors on Singing pig for their opinion too.

Billy Shears

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According to ADVFN.

"By the close today, the FTSE 100 index was 84.4 points lower at 5,791.5.

In London today, Alliance & Leicester was the worst performing share, continuing yesterday's sell off following the release of full year earnings numbers on Monday.

Merrill Lynch added to the gloom surrounding the mortgage lender when it reaffirmed its 'sell' rating and cut its fair value to 851 pence.

Alliance & Leicester was off 56 pence at 1,069 by the close."

That should be telling people something.

What did the singing pigs have to say?

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