Alliance & Leicester shares hit after credit crunch earnings warning (The Herald)

Story date: 2008-02-20 05:14:36
Added on: 2008-02-20 05:58:56

Alliance & Leicester today warned that soaring funding costs would leave 2008 earnings lower than last year as it suffers amid the credit crunch. The mortgage bank said the crisis in credit markets would cost it an extra £150 million a year in securing funds for new business.


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