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Realistbear

Two Thirds Of Top Business Bosses Believe Worst Is Yet To Come

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http://uk.biz.yahoo.com/14072008/140/credi...unch-worst.html

Monday July 14, 08:16 AM
Credit Crunch: Worst Yet To Come
By
Sky News
| | |
Two-thirds of financial chiefs among the UK's top 350 companies believe the worst impact of the credit crunch is yet to come.
The gloomy forecast was made in professional services firm Deloitte's second-quarter survey of 83 chief financial (Advertisement)
officers, representing companies worth a combined £260bn.
It showed 66% disagreeing with US Treasury Secretary Henry Paulson's May statement that the worst of the crunch "is likely to be behind us".
The latest downbeat findings come after a week when business leaders at the British Chambers of Commerce warned of a "serious risk" of recession.

Despite the now genrsally held view that the HPC will be much worse than the Great Crash of '89-'96 it seems there are still punters investing their money in the likes of A&L and PARAsite who rely on a healthy economy and housing market to stay in business:

ALL & LEICS 245.00 25.75 +11.74%

PARAGON GROUP 59.75 6.25 +11.68%

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A & L have announced this morning that they have received a bid of 317p per share so it was bound to rise

Just caught that story. The ID of the potential bailout merchnat is being kept secret apparently. Who would buy this sinking ship?

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Just caught that story. The ID of the potential bailout merchnat is being kept secret apparently. Who would buy this sinking ship?

It would appear they don't even know the price being offered - the BEEB quote 317p but Bloomberg is quoting 299p

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Guest Mr Parry
Just caught that story. The ID of the potential bailout merchnat is being kept secret apparently. Who would buy this sinking ship?

I can think of only one idiot: The British Taxpayer

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BRADFORD & BINGLEY 59.00 11.50 +24.21%

Its buying frenzy out there today--the houses may be crashing but the lenders who are at risk are seeing their shares fly off the shelves. Even PARAGON!

Pump and dump IMO.

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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